Wells Fargo & Company

Wells Fargo s Community Reinvestment Performance Receives Highest Regulatory Rating [Press Release]
Business Wire | 1 day 15 hours 18 minutes ago
Wells Fargo & Company (NYSE: WFC) said today that Wells Fargo Bank, N.A. received an “Outstanding” rating – the highest rating possible – in its most recent Community Reinvestment Act (CRA) examination by the Office of the Comptroller of the Currency (OCC). Wells Fargo Bank, N.A., which serves more than 20 million retail households in 39 states and the District of Columbia, met and exceeded community needs in areas such as affordable housing, financial education and small business lending.

Fitch Withdraws Universal's U.S. Residential Master Servicer Rating [Press Release]
Business Wire | 10 hours 4 minutes ago
Fitch Ratings has withdrawn Universal Master Servicing, LLC's (UMS) U.S. residential servicer rating(s) as follows:

Wells Fargo/Gallup Survey: Small Business Owners Re-Think Technology Usage as They Navigate Tough Economy [Press Release]
Business Wire | 19 hours 43 minutes ago
Faced with an uncertain economy, some business owners are re-evaluating their use of technology. The latest Wells Fargo/Gallup Small Business Index, surveyed October 5-9, shows over half of respondents (58 percent) reporting that they have delayed technology purchases due to the economy, including purchases of new computers (60 percent), new hardware (56 percent) and new software (56 percent). However, there is a narrow percentage (thirteen percent) who report accelerating purchases in order ...

Wells Fargo Names John Manning as Head of Commercial Banking Division for Greater Los Angeles [Press Release]
Business Wire | 1 day 14 hours 14 minutes ago
Wells Fargo & Company (NYSE: WFC) said today it has named John Manning as head of the Commercial Banking Division for Greater Los Angeles. He succeeds Edmond Lelo, who now heads the Cross-Border Relationship Management team for the company’s International Group in London.

Wells Fargo Announces Agreement to Buy Back Auction Rate Securities [Press Release]
Business Wire | 6 days 13 hours 16 minutes ago
Wells Fargo & Company (NYSE: WFC) announced today that it will purchase Auction Rate Securities (ARS) nationwide from eligible investors who bought ARS through one of three of its broker-dealer subsidiaries prior to February 13, 2008. Eligible investors will receive additional information regarding the terms of the buyback offer by mail within ninety (90) days.

Wells Fargo Enhances Rewards Program With More Rewards, Features [Press Release]
Business Wire | 6 days 20 hours 13 minutes ago
Wells Fargo & Company (NYSE:WFC) has enhanced its rewards program by adding the Earn More Mall with bonus point opportunities, the ability to purchase retail gift cards, new travel features and benefits, five times as many redemption options, and a redesigned site for easier navigation and improved search capabilities.

Wells Fargo Supports Clean Technologies with New Commercial Banking Group [Press Release]
Business Wire | 5 days 16 hours 43 minutes ago
Building on its commitment to a better environment and supporting a greener economy, Wells Fargo & Company (NYSE: WFC) today announced a new Commercial Banking group dedicated to supporting clean technology companies. Based in Palo Alto, Wells Fargo’s National Cleantech group will offer customized commercial banking products and services to businesses that manufacture, market or develop clean technologies such as solar and wind power, energy and water efficiency, electric and low-emission veh...

Wells Fargo Team Members Donated a Record $41.9 Million to Nonprofits in Annual Community Support and United Way Campaign [Press Release]
Business Wire | 7 days 17 hours 13 minutes ago
Wells Fargo & Company (NYSE:WFC) announced today that its team members pledged a record $41.9 million to more than 25,000 nonprofits and schools through its annual Community Support and United Way Campaign. This was a 21 percent increase over the combined Wells Fargo and Wachovia campaigns in 2008. It was also the Company’s most “green” Campaign to date with nearly 100 percent of all pledges made online and the elimination of nearly all print marketing materials. Over 160,000 team members par...

Wells Fargo Named Best Consumer Internet Bank in North America by Global Finance Magazine [Press Release]
Business Wire | 19 days 15 hours 23 minutes ago
Wells Fargo & Company (NYSE:WFC) was named Best Consumer Internet Bank in North America by Global Finance magazine at the annual awards ceremony last night in New York. The bank also received awards for:

Wachovia Visa Gift Card, Toys for Tots Join Forces to Put Presents Under the Tree for Less Fortunate Children [Press Release]
Business Wire | 1 day 20 hours 13 minutes ago
With the national unemployment rate now above 10 percent, Wachovia, a unit of Wells Fargo & Company (NYSE: WFC), announced it will donate $1 to Toys for Tots for every Visa gift card it sells through December 31, 2009 – up to $250,000. Proceeds will provide toys to children who might otherwise not receive them this holiday season.

Wells Fargo Cash BackSM Card Rewards Now Available to Pay Home Equity [Press Release]
Business Wire | 14 days 20 hours 13 minutes ago
As homeowners continue to express their desire to pay down debt and focus on saving for the future, Wells Fargo & Company (NYSE:WFC) announced today it has expanded its Wells Fargo Cash BackSM Card program to give eligible customers the ability to pay down their home equity principal. Customers can also choose to automatically apply cash rewards to their eligible Wells Fargo checking and savings accounts, or pay down their personal lines and loans; or they can request their cash rewards in th...

Saks Incorporated Announces Amended and Restated Revolving Credit Facility [Press Release]
Business Wire | 13 hours 43 minutes ago
Retailer Saks Incorporated (NYSE: SKS) (the “Company”) today announced that it has entered into an amended and restated revolving credit agreement. The amendment extends the maturity date of this facility to November 22, 2013. The maximum committed borrowing capacity of the amended facility remains at $500 million.

Wells Fargo is America s #1 Small Business Lender According to Government Data [Press Release]
Business Wire | 19 days 20 hours 13 minutes ago
Wells Fargo & Company (NYSE:WFC) today announced it is the #1 Small Business Administration (SBA) 7(a) lender in dollars and the #2 lender in units. Figures for the federal fiscal year, which ended September 30, 2009, show Wells Fargo, together with Wachovia, extended 2,347 SBA-guaranteed loans totaling $827 million in financing to small businesses. Wells Fargo is the #1 SBA lender in both dollars and units in six states: Alaska, Arizona, California, Colorado, Nevada and Texas.

Wells Fargo Insurance Services Names Todd Wartchow Senior Finance Officer [Press Release]
Business Wire | 21 days 14 hours 13 minutes ago
Wells Fargo Insurance Services has named veteran Wells Fargo executive Todd Wartchow as senior finance officer.