Wells Fargo Increases Employee Matching Grant for Tsunami Disaster Relief to $500,000
January 10 2005 - 9:01AM
PR Newswire (US)
Wells Fargo Increases Employee Matching Grant for Tsunami Disaster
Relief to $500,000 Team Members Matched First $250,000 Grant in
Less Than One Week SAN FRANCISCO, Jan. 10 /PRNewswire-FirstCall/ --
Wells Fargo said today it has increased its team member matching
program for tsunami disaster relief to $500,000, up from $250,000,
as a result of unprecedented team member response. In less than one
week, more than 1,800 of Wells Fargo's 149,500 team members have
reported contributing more than $257,000 to three relief agencies
-- the American Red Cross International Response Fund, UNICEF and
Global Impact. With the company's previously announced contribution
of $100,000 to the American Red Cross, this brings the
contributions from Wells Fargo and its team members to more than
$600,000. "The generosity of our team members is inspiring and will
make a significant difference to help those who have lost so much,"
said Wells Fargo's chairman and CEO Dick Kovacevich. "This second
matching program recognizes and amplifies the heart-felt
contributions that our team members are making, while encouraging
them to support the immense relief effort underway. We are hopeful
this will bring Wells Fargo's combined contribution to over a $1
million." In addition to the twin-$250,000 employee-only matching
programs, Wells Fargo contributed $100,000 to the American Red
Cross International Response Fund on December 29, 2004. Wells
Fargo, with ICICI Bank, is also waiving all remittance transfer
fees ($8 per transaction) and foreign currency fees through January
31, 2005 for U.S. customers to send money to friends and family in
India impacted by the recent natural disaster. Wells Fargo &
Company is a diversified financial services company with $422
billion in assets, providing banking, insurance, investments,
mortgage and consumer finance for more than 23 million customers
from more than 6,000 stores, the internet (wellsfargo.com), and
other distribution channels 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 & Company,
+1-415-396-4417 Web site: http://www.wellsfargo.com/
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