Wells Fargo Donates $6.25 Million to Aid in Coronavirus Response
March 08 2020 - 4:21PM
Business Wire
Philanthropic support to help with fast-emerging needs in U.S.
and globally; customers facing hardships can reach out to the
company
The Wells Fargo Foundation today announced up to $6.25 million
in donations to support domestic and global response to the
coronavirus (COVID-19) and to aid public health relief efforts. The
philanthropic funding includes $1 million for the National Centers
for Disease Control and Prevention’s Emergency Relief Fund and
$250,000 to the International Medical Corps for their work in more
than 30 countries. The company will also donate up to $5 million at
the local level to help address community-specific needs in the
coming months.
In addition, Wells Fargo & Company (NYSE: WFC) is committed
to helping customers experiencing hardships, including from the
Coronavirus Disease (COVID-19). If in need of assistance, customers
can call 1-800-219-9739 to speak with a trained specialist to
discuss options available for their consumer lending, small
business and deposit products.
“We recognize and appreciate the role of front-line health care
providers as they apply their expertise on this fast-moving issue
and care for the well-being of our communities,” said Bill Daley,
vice chairman of public affairs at Wells Fargo and chairman of the
board of the Wells Fargo Foundation. “We also continue to monitor
this situation closely for our employees, customers and the
communities we serve and are prepared to adapt as needed.”
The National Centers for Disease Control and Prevention will use
the donation to meet emerging needs, including additional support
for state and local health departments, the global response,
logistics, communications, data management, personal protective
equipment, and critical response supplies, among other
necessities.
The International Medical Corps has more than 7,000 public
health workers deployed against the coronavirus response across the
globe and will utilize its donation to bolster staff training with
clinical guidance and planning protocols on screening patients,
enhanced infection prevention and control, and protections for
health care providers.
Wells Fargo has also activated assistance for employees via its
WE Care Fund, which provides grants to Wells Fargo colleagues who
face a catastrophic disaster or financial hardship resulting from
an event beyond their control. This program is available to those
affected by coronavirus and is intended to help team members,
especially those with limited resources, get back on their feet
with basic necessities.
Wells Fargo recognizes the seriousness of concerns felt by
customers and employees about the coronavirus COVID-19. The
company’s first priority remains keeping Wells Fargo employees and
customers safe and well informed, while continuing to meet the
needs of its customers.
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 7,400 locations, more than 13,000
ATMs, the internet (wellsfargo.com) and mobile banking, and has
offices in 32 countries and territories to support customers who
conduct business in the global economy. With approximately 260,000
team members, Wells Fargo serves one in three households in the
United States. Wells Fargo & Company was ranked No. 29 on
Fortune’s 2019 rankings of America’s largest corporations. News,
insights and perspectives from Wells Fargo are also available at
Wells Fargo Stories.
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version on businesswire.com: https://www.businesswire.com/news/home/20200308005017/en/
Kim Erlichson, 201-463-4243
kim.erlichson@wellsfargo.com
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