Wells Fargo Reports 5 Percent Increase in Nonprofit Giving to $226 Million

SAN FRANCISCO, April 8, 2009 — Despite the down economy, Wells Fargo & Company (NYSE:WFC) giving to nonprofits – combined with Wachovia Corporation – increased 5 percent to $226 million in 2008. Wells Fargo’s stand-alone 2008 giving rose 11 percent from the previous year to $102 million.

“The merger of Wells Fargo and Wachovia makes our presence twice as strong in the communities we serve,” said Jon Campbell, head of Wells Fargo’s Social Responsibility Group, which was formed in 2008. “Both companies have long histories of consistently investing financial capital and, more importantly, human and social capital in our communities, thanks to thousands of caring team members who are local community leaders and volunteers. Our merger is on track as planned and we believe our combination will help us be even more involved in our communities than the two companies would have been separately. Together, we want to help create even more economic growth and prosperity for the communities where our team members live and work across the U.S.”