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Wells Fargo Donates $250,000 to Earthquake Relief Efforts in Alaska

Eagle River branch remains closed for repairs

ANCHORAGE, Alaska–(BUSINESS WIRE)–Reflecting its 102-year commitment to Alaska communities and residents,
Wells Fargo & Company (NYSE: WFC) today announced a donation of $250,000
to aid in the recovery and relief efforts resulting from the devastating
earthquake and the more than 2,000 aftershocks that have impacted the
state.

All of us at Wells Fargo are incredibly thankful for the first
responders, government agencies, and nonprofit organizations like the
Red Cross and Salvation Army that are working hard to help Alaskans
recover and rebuild following the earthquake. We are also very grateful
that no Alaskans perished during the earthquake,” said Greg Deal, Wells
Fargo Alaska region bank president. “It is amazing to witness the
resolve and compassion of Alaskans to help our neighbors in need. As a
bank committed to the long-term well-being of Alaskans, Wells Fargo is
honored to support the relief and recovery efforts in the days, weeks
and months to come.”

The donation will be distributed to multiple organizations in Alaska
that are positioned to help with recovery:

  • Alaska Community Foundation (community disaster fund) – $185,000 to
    address long-term recovery
  • American Red Cross of Alaska* – $30,000 for immediate needs
  • The Salvation Army Alaska Division – $30,000 for immediate needs
  • Foraker Group – $5,000 to create needs portal for Alaska Community
    Foundation

We are thrilled Wells Fargo has stepped up to help seed this important
fund,” said Nina Kemppel, Alaska Community Foundation president and CEO.
The Alaska Disaster Recovery Fund is supported by a coalition of
funders, and nonprofit service providers. This generous donation allows
the coalition to provide immediate emergency response and maintain
long-term assistance to communities and nonprofits damaged by the
earthquake.”

Alaskans can visit Alaskacf.org
to donate or learn more about the Alaska Disaster Recovery Fund.

Customers who are experiencing hardship due to the earthquake can
contact Wells Fargo Customer Support at the number on their credit card,
debit card or statement to discuss their options. Affected customers can
also contact their banker by visiting their nearest Wells Fargo branch.

All Wells Fargo branches in Alaska have reopened with the exception of
the Eagle River branch, which sustained significant structural damage.
Customers in Eagle River will be notified when the branch is expected to
reopen. The nearest Wells Fargo branches are in East Anchorage,
approximately 12 miles away. The Frontier branch is located at 7731 East
Northern Lights Blvd., and the full-service Russian Jack branch is
located at 5740 DeBarr Road.

Wells Fargo and its 700 Alaska team members serve customers from 44
branches and operate 117 ATMs across the state. In 2017, Wells Fargo
invested $1.3 million in hundreds of Alaska nonprofits and schools and
its Alaska team members logged 13,000 volunteer hours.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based
financial services company with $1.9 trillion in assets. Wells Fargo’s
vision is to satisfy our customers’ financial needs and help them
succeed financially. Founded in 1852 and headquartered in San Francisco,
Wells Fargo provides banking, investment and mortgage products and
services, as well as consumer and commercial finance, through 7,950
locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile
banking, and has offices in 37 countries and territories to support
customers who conduct business in the global economy. With approximately
262,000 team members, Wells Fargo serves one in three households in the
United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2018
rankings of America’s largest corporations. News, insights and
perspectives from Wells Fargo are also available at Wells
Fargo Stories.

About the Alaska Community Foundation

Established in 1995, The Alaska Community Foundation (ACF) inspires the
spirit of giving and connects people, organizations, and causes to
strengthen Alaska’s communities now and forever. Managing more than $90
million in assets and over 490 funds for the benefit of Alaskans, ACF
and its Affiliates grant $4 million to $6 million each year to
charitable projects and organizations across Alaska. In the past 23
years, ACF and its Affiliates have awarded more than 65 million in
grants. ACF also manages the Pick.Click.Give. program.
For more information, visit www.alaskacf.org or
call 907-334-6700.

* The American Red Cross name, emblem and copyrighted materials are
being used with its permission, which in no way constitutes an
endorsement, express or implied, of any product, service, company,
opinion or political position. The American Red Cross logo is a
registered trademark owned by The American National Red Cross. For more
information about the American Red Cross, please visit
redcross.org.

Contacts

Media
David Kennedy, 907-830-3139
kenneddj@wellsfargo.com
@DavidJKennedyWF

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