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Wells Fargo Commercial Banking Expands to Rochester



  Wells Fargo Commercial Banking Expands to Rochester

     Bank’s lending to companies in upstate New York up 50% in past year

Business Wire

ROCHESTER, N.Y. -- February 4, 2013

Wells Fargo (NYSE:WFC) continues to enhance the financial services it provides
middle market companies by opening a new Commercial Banking office here.

Late last year, Richard Ferrari was hired to lead the new office, located in
an existing Wells Fargo Advisors building in the suburb community of
Pittsford. The Rochester area has seen strong economic growth during the
recovery, making it an attractive market for Wells Fargo’s Commercial Banking
business, which serves middle market companies with between $25 million and $1
billion in annual revenues. Lending commitments to this segment in the upstate
New York market have increased 50 percent since December 2011.

“We see substantial and continuing opportunities in western New York,” said
Ferrari. “Wells Fargo’s plan involves expansion into strategic growth markets,
such as Rochester where we can serve our customers and grow with them in the
community.”

Wells Fargo employs approximately 250 team members in Monroe County. Ferrari
intends to expand his team in 2013.

About Wells Fargo Commercial Banking

Wells Fargo Commercial Banking serves middle market businesses with annual
revenues of $25 million to $1 billion. Nationwide, Wells Fargo is the No. 1
commercial bank in the markets it serves. In addition to providing a
world-class customer experience for our clients, Wells Fargo commercial
bankers also are committed to being good citizens, from charitable giving to
volunteering to public service.

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.

Contact:

Wells Fargo
Dana C. Obrist, 704-715-6138 (Media)
Dana.c.obrist@wellsfargo.com
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