Wells Fargo Named Best Internet Bank in U.S.

Global Finance Awards Recognize Service, Benefits to Online Customers

SAN FRANCISCO - August 17, 2011

For the second consecutive year, Wells Fargo & Company (NYSE: WFC) has been named “Best Consumer Internet Bank” and “Best Corporate/Institutional Internet Bank” in the United States by Global Finance magazine.

In its 12th annual “World’s Best Internet Banks” competition in North America, Global Finance also recognized Wells Fargo as best among consumer Internet banks for Online Deposit, Credit and Investment Product Offerings, Bill Payment & Presentment, Information Security Initiatives, and Social Media. Among corporate/institutional banks, Wells Fargo was named best for Trade Finance Services and, in a new category, Mobile Banking. Details will be published in the magazine’s September issue with global winners announced in November.

“Since 1995 – when Wells Fargo became the first bank in the nation to offer customers Internet access to their account balances – we’ve been committed to increasing access and convenience, and helping our customers to succeed financially,” said Jim Smith, executive vice president and head of Wells Fargo’s Internet Services Group. “Today, we’ve grown to 19.3 million active online customers and 5.9 million active mobile customers, and we’re honored to be recognized by Global Finance.”

“We focus on making banking easier for our customers,” said Steve Ellis, executive vice president and head of Wells Fargo’s Wholesale Services Group. “We spend a lot of time with customers listening for how we can help them work smarter and use that feedback to build better products and services.”

Wells Fargo earned the Global Finance awards based on its success in attracting and servicing online customers, providing rich Web offerings, growth of online customers, breadth of products available, evidence of tangible benefits gained from Internet initiatives, and website design and functionality.

About Wells Fargo Online, Mobile and Text Banking
Wells Fargo is a leading provider of online and mobile financial services for individual consumers, small and middle market businesses, and large corporations with a full range of banking, money movement, investing, asset management, and other financial and risk management products.

About Commercial Electronic Office® (CEO®)
The CEO portal offers Wells Fargo corporate and institutional customers single sign-on access to more than 75 online banking applications and reports. And with the CEO Mobile® service, customers can use a Web-enabled mobile device to monitor their accounts and perform critical tasks through a mobile website or the CEO Mobile iPhone app. With the CEO portal and the CEO Mobile service, Wells Fargo customers can easily access their accounts and manage their business anywhere, anytime.

About Wells Fargo International Group
Wells Fargo International Group serves small businesses, corporations, financial institutions, multilateral organizations and individuals with a wide range of international solutions from more than 30 global locations, including branches in Hong Kong, London, Seoul, Shanghai, Singapore, Taipei, Tokyo and the Cayman Islands. Wells Fargo was named Best Trade Bank in the U.S. by Trade Finance in June 2011.

About Wells Fargo
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. With approximately 275,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked No. 23 on Fortune’s 2011 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.

Media, Consumer Online
Beverly Butler

Media, Corporate Online
Gabriel Boehmer