Wells Fargo Launches Holiday Food Bank Program With $5 Million Donation to United Way, and Commitment of 5,000 Volunteer Hours During the Holidays

Non-perishable food donations accepted at Wells Fargo Mobile “Pop-up”
Food Banks and branch locations nationwide through the end of December

Fargo & Company
(NYSE: WFC) today announced the launch of the
Wells Fargo Holiday Food Bank program to make more meals possible in
communities this holiday season. Working with United
Way Worldwide
to create a long-term, high impact program that will
support hunger-related causes in our local communities, Wells Fargo
donated an additional $5 million grant to the United Way in support of
this effort.

According to a recent Wells Fargo study 1, 83 percent of
people are more likely to donate food this season if they could do it at
a convenient location in their local community. Deploying approximately
5,900 retail banking branch locations and 268,000 team members, the
program encourages customers, communities and team members to give
non-perishable food at its branches, donate money to United Way and
volunteer with hunger-related organizations. The program launches on “Giving
” and runs through the end of the year.

The Wells Fargo study also showed other trends in attitudes toward
giving, including:

  • 55 percent of Americans say they believe donating during the holidays
    is more important than at other times of the year.
  • More than three out of four Americans (77 percent) throw out
    non-perishable food they buy – which a food bank could use, and people
    could benefit from.
  • A third of Americans (33 percent) say they don’t have a convenient
    drop-off location for their charitable donations.

“At Wells Fargo, our commitment to building better communities starts
with providing the millions of underserved people and families in our
country with access to basic needs such as stable housing, food on the
table, steady employment, education – and ultimately improved well-being
and quality of life,” said Jon Campbell, head of Wells Fargo Corporate
Responsibility and Community Relations. “Thanks to our team members,
customers, and United Way Worldwide, we’ll be able to make a big
difference for many people in need this holiday season.”

Working with United Way

United Way Worldwide, which fights for the health, education and
financial stability of every person in every community, plans to use
Wells Fargo’s $5 million donation to increase the capacity of local
United Ways in delivering long-term, high impact programs that will
support hunger-related causes through the holidays and beyond.

“This donation from Wells Fargo will support local United Ways’ fight to
address hunger in communities and provide families with vital resources
to live healthier lives,” said Brian Gallagher, United Way Worldwide
President and CEO. “Wells Fargo’s strong relationship with United Way is
a critical part of our fight to tackle our nation’s toughest challenges
and create solutions that strengthen the quality of life for individuals
and families.”

Leveraging the Wells Fargo branch network

As part of Wells Fargo’s Holiday Food Bank, the company will collect
food in donation bins at approximately 5,900 retail banking branches and
will deploy Mobile Food Banks to 17 cities in the U.S. to collect food
Nov. 28 – Dec. 30. The Mobile “Pop-up” Food Bank will collect
non-perishable food donations, raise awareness of hunger issues and
provide information on how to help families in need this holiday season.

Pop-up locations include New York City; Philadelphia; Washington, D.C.;
Charlotte, N.C.; Atlanta; Minneapolis; Des Moines, Iowa; St. Louis;
Dallas; Denver; Salt Lake City; Las Vegas; Phoenix; Los Angeles; San
Diego; San Francisco; and Portland, Ore. For a full schedule, please
visit www.wellsfargo.com/foodbank.

Team member involvement

The company has committed to volunteering 5,000 hours during the
campaign and encourages Wells Fargo team members to support food-based
nonprofit organizations in their local communities throughout the
holidays. Volunteering is a cornerstone of Wells Fargo’s culture, with
team members actively involved in local volunteer chapters that organize
events throughout the U.S. The company offers eligible team members 16
hours of paid community service time annually.

1 Study attribution: The data points referenced in this
report come from a study commissioned by Wells Fargo, produced by
research firm Edelman Intelligence and conducted as an online survey of
1,070 nationally representative U.S. adults ages 18+. Interviewing took
place from Nov. 7-13, 2017. The margin of error is plus or minus 3

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based
financial services company with $1.9 trillion in assets. Wells Fargo’s
vision is to satisfy our customers’ financial needs and help them
succeed financially. Founded in 1852 and headquartered in San Francisco,
Wells Fargo provides banking, insurance, investments, mortgage, and
consumer and commercial finance through more than 8,400 locations,
13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has
offices in 42 countries and territories to support customers who conduct
business in the global economy. With approximately 268,000 team members,
Wells Fargo serves one in three households in the United States. Wells
Fargo & Company was ranked No. 25 on Fortune’s 2017 rankings of
America’s largest corporations. The Chronicle of Philanthropy ranked
Wells Fargo No. 3 on its most recent list of the top corporate cash
philanthropists. In 2016, Wells Fargo donated $281.3 million to 14,900
nonprofits and Wells Fargo team members volunteered 1.73 million hours
with 50,000 nonprofits. Wells Fargo’s corporate social responsibility
efforts are focused on three priorities: economic empowerment in
underserved communities, environmental sustainability, and advancing
diversity and social inclusion. News, insights and perspectives from
Wells Fargo are also available at Wells
Fargo Stories


Christina Kolbjornsen, 786-459-9160
Holly Rockwood, 415-396-1891