Wells Fargo Provides an Additional $850,000 for California Wildfire Relief
October 16 2017 - 11:00AM
Business Wire
Bank also waiving fees, offering payment relief
for 90 days to affected customers
Wells Fargo & Company (NYSE: WFC) announced today that it is
making an additional $850,000 available for relief efforts related
to wildfires in California. The additional funding includes
$100,000 for the American Red Cross, $50,000 for the Salvation
Army, $200,000 for local non-profits focused on rebuilding efforts
in 2018, and $500,000 for the company’s WE Care Fund, which makes
financial grants for unforeseen circumstances resulting from
disasters available to affected Wells Fargo team members.
The new commitments follow initial donations of $100,000 to the
Red Cross and $50,000 to the Salvation Army, bringing the company’s
total contribution to wildfire relief efforts to $1 million.
“These fires continue to rip an unimaginable path of destruction
through communities throughout California, and we in turn are
strengthening our commitment to those who have been affected,” said
Tim Sloan, Wells Fargo CEO and president. “Our hearts, and our
commitment to help, go out to all those who have lost their loved
ones, homes, and livelihoods as a result of this tragedy- some of
whom are Wells Fargo team members.”
Additionally, through October 23, customers who wish to support
the American Red Cross’ California wildfire relief efforts may do
so by using any Wells Fargo ATM in California and selecting the
option to donate. There is no fee for this service and 100% of
contributions will be sent to the American Red Cross. Also, Wells
Fargo’s Go FarTM Rewards customers can redeem any amount of their
available-rewards and donate to the American Red Cross Disaster
Relief fund through October 23rd by accessing their rewards account
at GoFarRewards.wf.com or calling the Go FarTM Rewards Service
Center at 1-877-517-1358.
Wells Fargo Customer Support
Customers in need of assistance should contact Wells Fargo as
described at the end of this release.
Wells Fargo is providing payment relief for on credit cards,
student loans, auto loans, home mortgage, home equity and retail
small business loans and lines of credit to customers affected by
the fires. No negative credit reporting will occur for customers
receiving payment relief.
The bank also is waiving or refunding fees for affected
customers. This includes late fees, overdraft and
non-sufficient funds fees and ATM fees for using non-Wells Fargo
ATMs.
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,
insurance, investments, mortgage, and consumer and commercial
finance through more than 8,400 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 268,000 team members,
Wells Fargo serves one in three households in the United States.
Wells Fargo & Company was ranked No. 25 on Fortune’s 2017
rankings of America’s largest corporations. The Chronicle of
Philanthropy ranked Wells Fargo No. 3 on its most recent list of
the top corporate cash philanthropists. In 2016, Wells Fargo
donated $281.3 million to 14,900 nonprofits and Wells Fargo team
members volunteered 1.73 million hours with 50,000 nonprofits.
Wells Fargo’s corporate social responsibility efforts are focused
on three priorities: economic empowerment in underserved
communities, environmental sustainability, and advancing diversity
and social inclusion. News, insights and perspectives from Wells
Fargo are also available at Wells Fargo Stories.
Customer Assistance Contact
Information
Deposit account customers can call 1-800-TO-WELLS or the
number on the back of their debit card.
Wells Fargo Home Mortgage and Home Equity customers can
call the Wells Fargo Disaster Assistance Team at 888-818-9147,
Monday through Friday from 4 a.m. to 8 p.m. PST, and Saturday and
Sunday from 5 a.m. to 3 p.m. PST.
Auto loan, line of credit/loan, and credit card customers
should call the number on their statement or card to discuss
payment options and request reversal of fees.
Customers in the impacted area who participate in an
employer-sponsored 401(k) plan provided by Wells Fargo may
be eligible to access their retirement savings. Recently, the IRS
relaxed rules for employers that allow
individuals easier access to their
retirement savings for hardship purposes. Wells Fargo is
prepared to make hardship withdrawals or loans available to
customers that qualify under these new guidelines. For more
information, customers should call 800-728-3123.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171016005818/en/
MEDIAPaul Gomez,
213-418-8452Paul.Gomez@wellsfargo.comorRuben Pulido,
415-537-8219Ruben.Pulido@wellsfargo.com
Wells Fargo (NYSE:WFC)
Historical Stock Chart
From Aug 2024 to Sep 2024
Wells Fargo (NYSE:WFC)
Historical Stock Chart
From Sep 2023 to Sep 2024