Wells Fargo Thanks Customers for Donating $1 Million at ATMs to Aid Disaster Relief and Recovery Efforts in Japan

Customers use more than 9,000 Wells Fargo ATMs to make donations

SAN FRANCISCO - March 24, 2011

In just 10 days, Wells Fargo customers have donated over $1 million through Wells Fargo ATMs to the American Red Cross Japan Earthquake and Pacific Tsunami Fund. This is the first time ATMs have been used nationally to accept donations.

“At Wells Fargo we are honored to serve such generous customers,” said Jonathan Velline, head of Wells Fargo ATM Banking and Store Strategy. “When we heard the news, we were able to quickly deploy our ATMs and offer customers a convenient way to make donations. The response has far exceeded our expectations.”

Wells Fargo customers can still donate to the American Red Cross relief efforts in Japan at more than 9,000 Wells Fargo branded ATMs across the country. Customers will not be charged any fees for using the service and 100 percent of the donation is sent to the American Red Cross. Donations may also be made via the American Red Cross website at www.redcross.org.

“Our thanks go out to all the Wells Fargo customers and team members who have donated at Wells Fargo ATMs or through other channels,” said Tim Hanlon, head of the Wells Fargo Foundation. “Your support is incredibly valuable as the people of Japan work to overcome a terrible tragedy. We encourage others to consider making a contribution to the relief efforts – large or small, it all helps.”

Last week Wells Fargo contributed $500,000 to the American Red Cross to support immediate relief and recovery efforts in Japan. In addition, Wells Fargo is matching contributions from its team members dollar-for-dollar, up to $500,000, for a potential total of $1.5 million.

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.3 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com and wachovia.com), and other distribution channels across North America and internationally. We want to help all of our customers succeed financially and create long-term economic growth and quality of life for everyone in our communities.