Wells Fargo Hires Mark Lanspa as Executive Vice President in Hospitality Finance to Open New York Office

NEW YORK - February 14, 2012

Wells Fargo & Company (NYSE: WFC), today announced that Mark Lanspa has joined the firm as an executive vice president in the Hospitality Finance Group (HFG). Lanspa will open a new office for the group in New York City, where he will support current and potential customers in the New York Metro area. He will report to Christopher Jordan, head of the Hospitality Finance Group at Wells Fargo.

“We are thrilled to have Mark join our team,” said Jordan. “He possesses not only a sharp intellect and a deep understanding of the hospitality industry, but also the personal and stylistic qualities that are critical to success within the Wells Fargo culture. Additionally, the New York office presence, led by Mark, represents a very important enhancement of our industry coverage model.”

Lanspa brings more than 25 years of experience to his new position. Prior to Wells Fargo, he was a managing director in the Commercial Real Estate Finance group at Credit Suisse. Prior to Credit Suisse, he was a principal at Oasis Real Estate Partners, a real estate debt and advisory platform established in 2009 by Lanspa and various Goldman Sachs alumni. He has also held positions in the Investment Banking division of Goldman Sachs and the Specialized Industries group at GE Capital Real Estate, where he was a managing director and responsible for the hospitality industry group. Lanspa received his M.B.A. from Columbia University and his B.A. from Georgetown University. Additionally, Lanspa serves as the treasurer and board member for God’s Love We Deliver, a New York City non-sectarian non-profit organization, and is on the alumni board of Mount Michael Benedictine High School in Elkhorn, Nebraska.

The Hospitality Finance Group is a specialized lending division within Commercial Real Estate (CRE) that provides financial products and services to leading hotel owners throughout the United States. With the launch of the New York office, the Hospitality Finance group will now have three geographical divisions (HFG East, HFG West and HFG NYC Metro). The group expects to make additional hires for the New York office over the course of 2012.

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 other distribution channels across North America and internationally. With more than 272,000 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.
Wells Fargo provides nationwide commercial real estate banking, capital markets, and advisory services in a single platform that includes lending, syndications, debt placement, equity raising and underwriting, mergers and acquisitions and servicing. Wells Fargo was ranked as the nation’s largest commercial real estate lender and servicer and top multifamily lender by the Mortgage Bankers Association for 2010; was named the largest issuer of preferred stock REIT equity and the largest domestic REIT and real estate bookrunner by Thompson Financial in 2010; and was named the most active brokerage of large commercial real estate sales in 2010 by Real Estate Alert. For more about the Wells Fargo commercial real estate platform visit: www.wellsfargo.com/com/financing/real-estate.

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Shelley Beason
shelley.beason@wellsfargo.com
704-715-2471