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Wells Fargo Donates $425,000 for Twin Cities Revitalization Efforts

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Wells Fargo & Company (NYSE:WFC) today announced a $425,000 Wells Fargo NeighborhoodLIFT®
local initiative grant to Lutheran Social Service of Minnesota (LSS), a
nonprofit with a mission to revitalize Minneapolis and St. Paul
neighborhoods.

"The East Side of Saint Paul and North Side of Minneapolis boast
populations with powerful attributes of experience and diversity," said
Cate Rysavy, Sr. Director of Financial Services with LSS. "Each is a
proud, active, and hardworking neighborhood with a vibrant network of
people and organizations committed to revitalization. We are grateful to
Wells Fargo for helping to provide the resources and opportunity to make
a difference."

The Wells Fargo Foundation grant will be used by LSS to launch GetLifted,
an innovative effort focused on creating financial wellness and
responsibly reducing debt among residents in the North Side of
Minneapolis and East Side of St. Paul. The goal of GetLifted
is to empower local residents with financial tools, capabilities, and
resources from local community leaders. LSS will partner with local
organizations and individuals to provide financial education training.

"Wells Fargo cares about our communities, and we are making these
investments to continue revitalization efforts that strengthen the Twin
Cities," said Joe Ravens, Wells Fargo Minnesota regional president. "The
GetLifted program will take traditional financial education a step
further and reach more than 2,500 community members, which will make a
big impact."

The grant is funded through Wells Fargo's NeighborhoodLIFT program
that was expanded in June 2016 with a $5 million commitment for the Twin
Cities to boost local homeownership and revitalize neighborhoods. First
launched in 2012 for the Twin Cities, overall Wells Fargo has invested
more than $14 million in NeighborhoodLIFT that has created nearly 700
homeowners by offering homebuyer education plus down payment assistance
grants.

About 50 matching down payment assistance grants up to $7,500 are still
available and interested homebuyers may contact NeighborWorks Home
Partners, or Wells Fargo Home Mortgage in the Twin Cities for
information about eligibility requirements.

About NeighborhoodLIFT

NeighborhoodLIFT® program is the single largest corporate
philanthropic effort of its kind in Wells Fargo's history. In
collaboration with NeighborWorks America, the Wells Fargo LIFT programs
have helped to create more than 13,700 homeowners in 52 communities
since 2012. A video about NeighborhoodLIFT programs is posted on Wells
Fargo Stories
.

About Wells Fargo

Wells Fargo & Company (NYSE:WFC) is a diversified, community-based
financial services company with $2.0 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 8,500 locations, 13,000 ATMs, the internet
(wellsfargo.com) and mobile banking, and has offices in 42 countries and
territories to support customers who conduct business in the global
economy. With approximately 273,000 team members, Wells Fargo serves one
in three households in the United States. Wells Fargo & Company was
ranked No. 25 on Fortune's 2017 rankings of America's largest
corporations. Wells Fargo's vision is to satisfy our customers'
financial needs and help them succeed financially. News, insights and
perspectives from Wells Fargo are also available at Wells
Fargo Stories
.

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