Chairman and CEO John Stumpf.
Wells Fargo and Company marked a milestone anniversary of 160 years with a series of donations and volunteer activities across the nation.
Wells Fargo donated more than $2.5 million to more than 60 nonprofit organizations. In some regions, Wells Fargo customers helped determine how pools of $160,000 were divided among local non-profits by voting at Wells Fargo ATMs. In addition, the bank will donate, build or renovate 160 homes over the course of 160 days.
“We’ve been working with our customers and communities to help them succeed financially since 1852,” said Chairman and CEO John Stumpf. “Our celebration includes ways to honor our customers and communities for being with us over time.”
The bank is organizing local volunteer activities to address needs that are important to its customers and communities. Some Wells Fargo team members collectively are volunteering 160 hours at local food banks, and in others they are visiting 160 classrooms to read to students and provide financial education lessons.
Wells Fargo also will distribute $160,000 among three national non-profit organizations. Feeding America® will receive $100,000, and Semper Fi Fund and Teach for America will each receive $30,000.
Founded as a banking and express company on March 18, 1852, in New York City, Wells Fargo opened its first western office on the waterfront of Gold Rush San Francisco on July 13, 1852, the site of the company’s current headquarters. With the merger of Wachovia, Wells Fargo offers coast to coast service.
For information visit https://www.wellsfargo.com/about/history/ or http://blog.wellsfargo.com/guidedbyhistory/ .