Silicon Valley School Continues to Grow With Innovative $54 Million Financing from Wells Fargo

  Silicon Valley School Continues to Grow With Innovative $54 Million
  Financing from Wells Fargo

Business Wire

SAN JOSE, Calif. -- December 10, 2012

Wells Fargo & Company (NYSE: WFC) said it has refinanced $54 million for
Valley Christian Schools – known for its Microlab experiments aboard the
International Space Station – and providing capital funds enhancing the San
Jose educational institution’s continued growth.

The refinancing provided a non-tax exempt funding solution with more favorable
terms for funding to allow increased enrollment. The school expanded Skyway
Campus by almost 55,000 square feet, including a Conservatory of the Arts. The
financing also provided capital to support Valley Christian High School to
expand the scope of academic offerings to include cancer research in a Bio2
Safety Lab and an increase in the number of experiments involving
nanotechnology and molecular research with recently acquired Atomic Force
Microscopes.

“Wells Fargo’s innovative capital investments strategy allowed Valley
Christian to develop the Applied Math, Science and Engineering Institute which
includes many innovations including experiments on the International Station,”
said Dr. Clifford Daugherty, Valley Christian Schools President.

“We are pleased to partner with Valley Christian Schools as they continue to
grow and enhance their programs and offerings in the San Jose community,” said
Margot Golding, the San Francisco-based executive vice president for Wells
Fargo’s Education and Nonprofit Banking group, which offers a wide range of
customized public finance solutions for capital improvement and a full line of
banking products geared toward educational institutions. “The schools’ strong
foundation provides a nurturing environment for quality education, helping
shape students who positively impact their communities.”

An integral part of the California community, the Valley Christian High School
marching band has partnered with a marching band from Beijing, China to
perform as the East-West Fusion Band in the upcoming Rose Parade, a first in
the parade’s history. Wells Fargo’s iconic Stagecoach will also be a part of
the 124^th Rose Parade, taking place on Tuesday, January 1, 2013 in Pasadena.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified,
community-based financial services company with $1.4 trillion in assets.
Founded in 1852 and headquartered in San Francisco, Wells Fargo provides
banking, insurance, investments, mortgage, and consumer and commercial finance
through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com),
and has offices in more than 35 countries to support the bank’s customers who
conduct business in the global economy. With more than 265,000 team members,
Wells Fargo serves one in three households in the United States. Wells Fargo &
Company was ranked No. 26 on Fortune’s 2012 rankings of America’s largest
corporations. Wells Fargo’s vision is to satisfy all our customers’ financial
needs and help them succeed financially.

About Valley Christian Schools:

Valley Christian Schools (VCS) is a private, K-12 Christian school system with
an enrollment that exceeds 2,400, located in the heart of Silicon Valley in
San Jose, California. Valley Christian Schools provides rigorous college
preparatory programs while offering a K-12 comprehensive education. VCS
challenges students to aspire toward lives of character, service, and
influence while pursuing their individual Quest for Excellence™ through A3 -
Academic Achievement, Artistic Beauty, and Athletic Distinction.

Contact:

Wells Fargo & Company
Dana C. Obrist, 704-715-6138 (Media)
Dana.c.obrist@wellsfargo.com
Follow us on Twitter
@WellsFargo
 
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