SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo is issuing the following statement:
“Wells Fargo values the State of Ohio’s business and will fight to earn it back.
“Wells Fargo manages its business with the State of Ohio in business lines that are separated from our retail bank: Wells Fargo Securities, which provides the state with access to U.S. capital markets, and Government & Institutional Banking, which specializes in commercial banking. Our retail bank operates one branch in Ohio.
“In the meantime, Wells Fargo will continue to serve our Ohio customers and be the same, committed community partner in the state. In 2015, we contributed $1.1 million to nearly 145 Ohio nonprofits and schools and an additional $374,982 was donated to Ohio schools through Wells Fargo’s team member matching grants program. Our Ohio team members contributed $176,750 through our annual Community Support and United Way Campaign. Our local team members also volunteered more than 17,000 hours.”
About Wells Fargo
Wells Fargo & Company (NYSE:WFC) is a diversified, community-based financial services company with $1.9 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 8,600 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries and territories to support customers who conduct business in the global economy. With approximately 268,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 27 on Fortune’s 2016 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.