Wells Fargo Named Best Corporate/Institutional Internet Bank in North America by Global Finance Magazine

SAN FRANCISCO - November 6, 2011

Wells Fargo & Company (NYSE: WFC) was named the Best Corporate/Institutional Internet Bank in North America by Global Finance magazine at the annual awards ceremony November 3 in New York. Wells Fargo also received global awards for the following sub-categories:

  • Best Corporate/Institutional Trade Finance Services
  • Best Consumer Bill Payment & Presentment
  • Best Consumer Social Media

“Wells Fargo has always recognized the importance of delivering new technology, products and services that enable companies to survive and thrive,” said Danny Peltz, executive vice president and group head of Treasury Management for Wells Fargo. “The customer’s voice is central to everything we do. This award is a tribute to our customers’ insights and to our team members who build on their ideas.”

“The online and mobile channels are one of the many ways our customers can choose to conveniently manage their money anytime, anywhere,” said Jim Smith, executive vice president and head of Wells Fargo’s Internet Services Group. “Everything we do is based on our customers’ needs and helping them meet their individual financial goals. We’re honored to be recognized by Global Finance magazine for online banking industry leadership.”

This is the 12th year Global Finance has named the World's Best Internet Banks. Winning banks were selected based on strength of strategy for attracting and servicing online customers, success in motivating clients to use web offerings, growth of online customers, breadth of product offerings, evidence of tangible benefits gained from Internet initiatives, and web site design and functionality.

About Wells Fargo Online, Mobile and Text Banking
On May 18, 1995, Wells Fargo became the first bank in the nation to give customers free Internet access to current balances in their checking, savings, line of credit and credit card accounts. Today, 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. Wells Fargo has more than 19.7 million active online customers and 6.7 million active mobile customers.

About Commercial Electronic Office® (CEO®) Portal and CEO Mobile Services
The CEO portal offers Wells Fargo commercial and corporate customers single sign-on access to more than 80 online banking applications and reports including cash management, credit and loans, foreign exchange, global payments, health benefit services, insurance, trade services, trust, investment and retirement services. The CEO Mobile service is an extension of select portal services, giving customers the ability to access accounts, initiate and approve payments, receive alerts about critical transactions or items that need attention, review account balances and transactions, manage commercial card expense reporting, review and reset rates for expiring term loans, and administer and reset passwords.

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 more than 270,000 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
Andrea Mahoney
415-222-4722
andrea.g.mahoney@wellsfargo.com

Media, Corporate Online
Gabriel Boehmer
503-886-4186
gabriel.h.boehmer@wellsfargo.com