Korean American Banking Veteran to Lead Wells Fargo Outreach To Growing, Dynamic Market of Korean Businesses

  Korean American Banking Veteran to Lead Wells Fargo Outreach To Growing,
  Dynamic Market of Korean Businesses

Business Wire

LOS ANGELES -- January 31, 2013

Wells Fargo & Company (NYSE: WFC) said today it has formed a Commercial
Banking unit dedicated to the growing and dynamic base of Korean middle market
companies in the U.S., many of them concentrated in Southern California.
Sungsoo Han, a 22-year veteran of Hamni Bank and Wilshire State Bank, has been
appointed senior vice president and senior regional director of Wells Fargo’s
Korean Division.

Sung Soo Han, senior vice president and senior regional director of Wells
Fargo's Korean Division (P ...

Sung Soo Han, senior vice president and senior regional director of Wells
Fargo's Korean Division (Photo: Business Wire)

Prior to joining Wells Fargo, Han served as executive vice president and chief
lending officer of Wilshire State Bank, with responsibility for all lending,
including commercial banking, Small Business Administration, home mortgage,
commercial real estate, insurance, and wealth management departments.

“Korean companies are more comfortable doing business with Korean-speaking
bankers,” said Han. “Taking a different approach than other major banks, Wells
Fargo is investing in local Korean bankers who are fluent in their language
but more importantly understand our culture.

Fluent in Korean culture and language, Han and his team will make decisions on
a broad array of loans and owner-occupied real estate loans. This new,
L.A.-based unit focuses on developing long-term, professional business
relationships with both Korean multinational subsidiaries and domestic Korean
enterprises. Wells Fargo Commercial Banking lenders are empowered to make
decisions regarding pricing and structure as it relates to the individual
needs of each business. Wells Fargo offers a wide spectrum of products and
services to meet the growing needs of the Korean companies.

“Wells Fargo is very pleased to present Mr. Sungsoo Han and his unit to the
Korean community and its key enterprises,” said MaryLou Barreiro, head of
Commercial Banking for Wells Fargo in Greater Los Angeles East. “His lending
experience and diverse network of business contacts will serve the Korean
community and Wells Fargo customers well.”

More than a quarter-million Koreans live in Los Angeles County, with nearly
half in the three-mile radius of Koreatown, making it one of highest-density
neighborhoods in the United States, according to the Korean American Chamber
of Commerce of Los Angeles (KACCLA). California is South Korea’s ninth-largest
trading partner, while South Korea is the 11^th-largest sources of
foreign-owned and affiliated companies in Los Angeles County.

"It is critical to understand and be able to speak the language when you reach
out to the smaller communities,” said Woo-sung Lim, president of the KACCLA.
“Business becomes natural when you understand your customers and your
customers understand you. And with Mr. Sungsoo Han on board at the Korean
Division of Wells Fargo Commercial Banking, it will definitely help reaching
out to huge number of Korean American Business owners."

For more information about Wells Fargo’s Korea Division, contact Sungsoo Han,
(626) 919-6657, sungsoo.han@wellsfargo.com.

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 approximately 265,000 full-time
equivalent 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.

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Contact:

Wells Fargo & Company
Gabriel Boehmer, 503-886-4186
gabriel.h.boehmer@wellsfargo.com
Twitter: @gabrielboehmer
 
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