WELLS FARGO VETERAN NAMED TO HEAD COMMUNITY DEVELOPMENT FOR WELLS FARGO BANKS IN CALIFORNIA
SAN FRANCISCO — June 1, 2000
Wells Fargo & Company has named Timothy G. Hanlon - a 20-year veteran of the company - head of Community Development for the company's California banks. Hanlon is a senior vice president of Wells Fargo Bank and president of the Wells Fargo Foundation.
In his new position, he will manage:
- all of the California bank's lending programs under the Community Reinvestment Act (affordable housing, commercial economic development projects, small business loans, low-income consumer loans, equity investments in community development projects);
- the Bank's contributions to non-profit organizations in California;
- the Company's Minority, Women and Disabled-owned Business Enterprise Program,
- team member-volunteer programs, and
- will continue as president of the Wells Fargo Foundation, which supports the financial contributions of Wells Fargo banks across the company's 23 banking states.
Last year in California alone, Wells Fargo contributed more than $24 million to more than 2,100 non-profits.
"As California's largest bank and the oldest bank in the West, our success is tied directly to the growth and prosperity of every neighborhood and community in which we do business across the state," said Terri A. Dial, president and CEO of Wells Fargo Bank and a Wells Fargo & Company group executive vice president. "In his new position, Tim and his team will support the efforts of our local market managers and their teams to promote economic self sufficiency, education, social services and the arts in their communities. In keeping with our commitment to local decision-making, our team members at the local level have the major voice in deciding how Wells Fargo should respond to the unique needs of their communities."
Hanlon joined Wells Fargo in 1980 and held a variety of positions in Human Resources before being named to help form the company's Corporate Community Development Group in 1990. Hanlon, a graduate of the University of Detroit, is a member of the board of AIDS Project Los Angeles, San Francisco's Yerba Buena Center for the Arts, and Barbara Sinatra's Children's Center in Palm Springs. He is a former member of the Human Rights Commission of the City and County of San Francisco.
In California, Wells Fargo has assets of approximately $50 billion, almost 8,000 team members, more than 1,000 banking stores and more than 2,800 ATMs. It is part of Wells Fargo & Company, a $222 billion financial services company providing banking, investments, insurance, mortgage and consumer finance from more than 5,300 stores, the industry's leading Internet bank (wellsfargo.com) and other distribution channels across North America and elsewhere internationally.