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Wells Fargo Bank Increases Prime Rate to 3.75 Percent

SAN FRANCISCO — Dec. 14, 2016

Wells Fargo Bank, N.A., said today it is increasing its prime rate to 3.75 percent from 3.50 percent, effective tomorrow, Dec. 15, 2016.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 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 8,600 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 269,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 27 on Fortune’s 2016 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially.

Media   

Ancel Martinez
415-222-3858

Investors

Jim Rowe
415-396-8216