Wells Fargo Contributes $1.4 Million for Tsunami Disaster Relief
January 24 2005 - 11:57AM
PR Newswire (US)
Wells Fargo Contributes $1.4 Million for Tsunami Disaster Relief
SAN FRANCISCO, Jan. 24 /PRNewswire-FirstCall/ -- Wells Fargo said
today that the company and its team members nationwide have
contributed a total of $1.4 million to relief organizations aiding
victims affected by last month's tsunamis. With more than 4,500 of
Wells Fargo's 149,500 team members contributing $664,000 in just
three weeks, the company completed its $500,000 matching program,
and matched $164,000 in additional contributions that were received
last week after team-members exceeded the initial match. With the
company's previously announced contribution of $100,000 to the
American Red Cross, this brings Wells Fargo's and the matched
contributions to over $1.4 million. "I want to sincerely thank all
our team members for their incredible generosity and for caring so
much for the hundreds of thousands of victims who continue to face
incredible hardship," said Wells Fargo's chairman and CEO Dick
Kovacevich. "We hope our efforts will help ease that burden. While
our matching program has officially come to a close, we are urging
all of our team members to keep supporting non-profits who are
doing important work overseas, as well as neighbors who are close
to home -- local non-profits in the communities where we live and
work." In addition to the $1.4 million contribution, Wells Fargo,
with ICICI Bank, has been waiving all remittance transfer fees ($8
per transaction) and foreign currency fees through the end of next
month for U.S. customers sending money to friends and family in
India affected by the natural disaster. Wells Fargo & Company
is a diversified financial services company with $428 billion in
assets, providing banking, insurance, investments, mortgage and
consumer finance to more than 23 million customers from more than
6,000 stores and the internet (wellsfargo.com) across North America
and elsewhere internationally. Wells Fargo Bank, N.A. is the only
"Aaa"- rated bank in the United States. DATASOURCE: Wells Fargo
& Company CONTACT: Melissa Morey of Wells Fargo,
+1-415-396-4417 Web site: http://www.wellsfargo.com/
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