Wells Fargo Launches Second Annual Food Bank Program to Fight Hunger During the Holidays

Announces $4 million donation to Feeding America®,
will collect food at bank branches and Mobile Pop-Up locations


SAN FRANCISCO–(BUSINESS WIRE)–#givewhatyoucan–Wells Fargo & Company (NYSE: WFC) today launched its second
annual Holiday
Food Bank program
to help feed people and families in need this
holiday season.

Wells Fargo kicked off the program with a $4 million donation to Feeding
America
®, the largest domestic hunger-relief organization
in the U.S. The company also will match up to an additional $1 million
in consumer monetary donations to Feeding America, potentially bringing
Wells Fargo’s total contribution up to $5 million. The organization
estimates that, with
every $1 contribution to Feeding America providing 10 meals
, Wells
Fargo will help secure more than 40 million meals for people in need.
According to a
recent study by the U.S. Department of Agriculture
, 1 in 8 U.S.
households currently experience hunger, not knowing where their next
meal will come from.

Feeding America also will help Wells Fargo collect thousands of pounds
of food at bank branches and other locations and distribute them to
local food banks across the U.S.

“Food insecurity is a very real issue in too many communities, and it
feels even more urgent during the holidays,” said Jon Campbell,
president of the Wells Fargo Foundation. “Wells Fargo believes we’re in
a position to help move people and families out of poverty and build
financial stability. And it starts with ensuring that all people have
access to basic human needs — stable housing, food, education, and
steady employment. Through our annual Holiday Food Bank, we are
combining the power of our extensive branch network, the generosity of
our customers, the enthusiasm of Wells Fargo volunteers, and the
expertise of community food banks to make the season a little brighter
for those who need it most.”

Building upon the success of last year’s holiday food bank program,
which collected more than 251,000 pounds of food, Wells Fargo encourages
its customers, team members, and the communities it serves to join in
this year’s effort to “give what you can” this holiday season.

Between Nov. 13 and Dec. 31, people can join this effort by:

  • Donating non-perishable goods at one of 5,700 Wells Fargo branch bank
    locations or at Mobile Pop-Up food banks in nine cities across the U.S.
  • Making a monetary donation to Feeding America through the Wells Fargo
    ATM or online at wellsfargo.com/foodbank.
    Wells Fargo credit card customers can donate Go Far rewards points in
    support of Feeding America or the nonprofit partner of their choice.
    Each $1 in rewards equals 1 point.
  • Volunteering their time at one of Feeding
    America’s 200 member food banks around the U.S.

“America has a hunger problem. There are people struggling with hunger
in every single county in the United States. The hidden face of hunger
could be a coworker, an elderly neighbor or a classmate,” said Claire
Babineaux-Fontenot, CEO of Feeding America. “The weight of hunger is
particularly challenging during the holidays. Feeding America is proud
to partner with Wells Fargo to help people who face hunger in
communities across the country. We hope everyone is inspired to support
their neighbors in need by giving what they can through the Wells Fargo
Holiday Food Bank program.”

Mobile Pop-Up food bank locations include Atlanta; Charlotte, N.C.;
Houston; Los Angeles; New York City; Philadelphia; Phoenix; San
Francisco; and Washington, D.C. For a full schedule, please visit www.wellsfargo.com/foodbank.

During last year’s Holiday Food Bank program, Wells Fargo team members
volunteered more than 7,000 hours at local food banks and expects to
increase that support this year.

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 7,950
locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile
banking, and has offices in 37 countries and territories to support
customers who conduct business in the global economy. With approximately
262,000 team members, Wells Fargo serves one in three households in the
United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2018
rankings of America’s largest corporations. News, insights and
perspectives from Wells Fargo are also available at Wells
Fargo Stories
.

Contacts

Media
Christina Kolbjornsen, 786-459-9160
christina.kolbjornsen@wellsfargo.com
@CKolbjornsenWF
or
Holly
Rockwood, 415-396-1891
holly.d.rockwood@wellsfargo.com
@HollyDRockwood