Wells Fargo to Reduce Quarterly Common Stock Dividend Preserves $5 billion annually to strengthen balance sheet, grow Company Strong quarter-to-date operating results Wachovia merger integration fully on-track Reconfirms merger expense saves

Wells Fargo to Reduce Quarterly Common Stock Dividend
Preserves $5 billion annually to strengthen balance sheet, grow Company
Strong quarter-to-date operating results
Wachovia merger integration fully on-track
Reconfirms merger expense saves
Wells Fargo & Company (NYSE: WFC) announced today that its Board of Directors will reduce the quarterly common stock dividend from $.34 to $.05 per share. The next dividend […]

Wells Fargo Expands National Benefit Practice, Acquires BridgeStreet

Wells Fargo Expands National Benefit Practice, Acquires BridgeStreet
Wells Fargo Insurance Services – part of Wells Fargo & Company (NYSE:WFC) – said it has acquired BridgeStreet Consulting Group, an employee benefits consulting firm. Terms of the transaction were not disclosed.
Founded by its two principals, Tim Prichard and Rob Combi, BridgeStreet is a national employee benefits administration […]

Wells Fargo to Implement President Obama’s Homeowner Affordability and Stability Plan Refinances and National Modification Program Expected to Lower Mortgage Payments for More Borrowers

Wells Fargo to Implement President Obama’s Homeowner Affordability and Stability Plan
Refinances and National Modification Program Expected to Lower Mortgage Payments for More Borrowers
Wells Fargo Home Mortgage – the nation’s largest home mortgage originator, second largest mortgage servicer and part of Wells Fargo & Company (NYSE: WFC) – said it fully supports and will implement the […]

Wells Fargo Expands Market Leadership in Treasury Management

Wells Fargo Expands Market Leadership in Treasury Management
Three independent industry analysts’ reports show Wells Fargo & Company (NYSE: WFC) has increased its treasury management leadership in market size, client satisfaction, and product quality rankings as a result of its merger with Wachovia last year.
“The customer focus that made each company a treasury management leader before […]

Mary Coffin, EVP, Wells Fargo Home Mortgage Servicing, Testifies Before the Subcommittee on Housing Financial Services Committee

Mary Coffin, EVP, Wells Fargo Home Mortgage Servicing, Testifies Before the Subcommittee on Housing Financial Services Committee
Chairwoman Waters, Ranking Member Capito and Members of the Subcommittee, I’m Mary Coffin, head of Wells Fargo Home Mortgage Servicing.
Throughout this crisis, the mortgage industry and the government have collaborated on ways to reduce foreclosures and stabilize the economy. […]

Wells Fargo Supports President’s Proposed Homeowner Affordability and Stability Plan Wells Fargo extends foreclosure moratorium

Wells Fargo Supports President’s Proposed Homeowner Affordability and Stability Plan
Wells Fargo extends foreclosure moratorium
Wells Fargo Home Mortgage – the nation’s largest home mortgage originator and second largest mortgage servicer and part of Wells Fargo & Company (NYSE: WFC) – said today it supports the spirit of the Administration’s mortgage refinancing and foreclosure prevention plan and […]

Wells Fargo & Company Declares Cash Dividends on Preferred Stock

Wells Fargo & Company Declares Cash Dividends on Preferred Stock
Wells Fargo & Company (NYSE: WFC) today announced dividends on three series of preferred stock.
A quarterly cash dividend of $20 per share was declared on its 8.00% non-cumulative perpetual class A preferred stock, Series J, liquidation preference $1,000 per share. This dividend equals $0.50 per depositary […]

Wells Fargo Names Eastern, Western Management Teams for Commercial Banking

Wells Fargo Names Eastern, Western Management Teams for Commercial Banking
Wells Fargo & Company (NYSE:WFC) today named its eastern and western management teams for the combined Commercial Banking businesses of Wells Fargo and Wachovia Corporation, which now total $55.6 billion in loans and $28.8 billion in deposits. With 135 offices in 38 states, the group’s 1,700 […]

Wells Fargo Responds to Misleading Reports About Employee Recognition Events Cancels Wells Fargo Home Mortgage Meeting in Las Vegas

Wells Fargo Responds to Misleading Reports About Employee Recognition Events
Cancels Wells Fargo Home Mortgage Meeting in Las Vegas
Today’s Associated Press story about Wells Fargo’s recognition events is intentionally misleading. The event is not a “junket” for executives but a four-day business meeting and recognition event for hard-working team members who made homeownership achievable and sustainable […]

Wells Fargo to Pay $371.5 Million Dividend to U.S. Treasury Wells Fargo: Half a trillion dollars in new lending last 18 months; 4Q08 lending nearly three times Treasury’s investment

Wells Fargo to Pay $371.5 Million Dividend to U.S. Treasury
Wells Fargo: Half a trillion dollars in new lending last 18 months; 4Q08 lending nearly three times Treasury’s investment
Wells Fargo & Company (NYSE: WFC) today announced a total quarterly dividend of $371.5 million payable to the U.S. Treasury on its 25,000 shares of Fixed Rate Cumulative […]