news 1 week ago

Wells Fargo Assists Customers and Communities Impacted by Hurricane Michael

The Associated Press

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Oct 11, 2018--Wells Fargo (NYSE:WFC) today announced $1 million in donations to support communities impacted by Hurricane Michael. The company also activated special disaster assistance for customers in Florida, Georgia and Alabama.

“Our thoughts and prayers are with those being impacted by Hurricane Michael,” said Chief Executive Officer Tim Sloan. “The severe weather of the past month has brought great adversities to communities along the East Coast and the Gulf Coast, and we remain committed to helping in the recovery of both Hurricane Michael and Hurricane Florence.”

Nationwide relief efforts

The Wells Fargo Foundation will donate $1 million in support of hurricane relief efforts, with half going to the American Red Cross for immediate needs and half distributed to local non-profits to aid with the recovery in affected communities.

In addition, the company is accepting donations to the American Red Cross through its nationwide ATM network. Customers also can redeem available Go Far™ Rewards for donations.

Last month, the company allocated $3 million to its WE Care Fund in response to Hurricane Florence. The fund provides grants to Wells Fargo team members who face a catastrophic disaster or financial hardship resulting from an event beyond their control. This program is intended to help team members get back on their feet with basic necessities and, in particular, is intended to assist those team members who do not have other resources to help themselves. These funds will continue to be available to those affected by Hurricane Florence as well as Hurricane Michael, and Wells Fargo will allocate additional funds as needed to meet all of our team member needs.

Disaster relief customer assistance information

Wells Fargo is committed to providing support to customers and clients affected by Hurricane Michael. This includes reversing certain fees — such as late fees — for our lending products, including credit cards, auto loans, personal loans and lines of credit, and waiving Wells Fargo fees for customers using non-Wells Fargo ATMs. Customers who want to discuss their financial needs should call 800-TO-WELLS (800-869-3557), available 24 hours a day, seven days a week.

Wells Fargo Home Mortgage and Home Equity customers can contact Wells Fargo to discuss potential payment and disaster assistance options or access information at the Disaster Assistance and Property Damage Support site.

Auto loan customers can request payment assistance for up to 90 days and discuss available options for the filing of a Guaranteed Asset Protection (GAP) claim, if applicable. Customers can call 800-289-8004, Monday through Friday 8 a.m. to 10 p.m. Eastern time, and Saturday 9 a.m. to 3 p.m. Eastern time.

Wells Fargo Consumer Lending customers (credit card, retail services, student loans, personal loans and lines of credit) who are affected by the hurricane can request payment assistance and waiving of fees for up to 90 days.

Wells Fargo Small Business Lending customers who are affected by the hurricane can request a payment deferment and waiver of late fees for up to 90 days on their Small Business Line of Credit, Small Business Credit Card, Commercial Loan, Wells Fargo BusinessLoan® Term Loan, Business PrimeLoan, Equipment Express® Loan, Commercial Equity Line of Credit, Commercial Real Estate Loan, FastFlex® Small Business Loan or FastFlex® Small Business Line of Credit. Customers can contact the National Business Banking Center at 800-225-5935, 24 hours a day, seven days a week.

Retail small business customers impacted by the hurricane are encouraged to call Wells Fargo, 800-225-5935, for more information and to discuss their options. Wells Fargo Insurance Services also has contacted clients in impacted areas to provide support and expertise.

Customers in the impacted area who participate in an employer-sponsored 401(k) plan provided by Wells Fargo may be eligible to access their retirement savings. For more information, customers should call 800-728-3123.

Customers of Wells Fargo Merchant Services who are in need of assistance with their merchant processing due to the impact of Hurricane Michael can call 800-451-5817. Impacted merchant customers who contact Wells Fargo by Oct. 31 can receive a complimentary Clover® Go card reader that works with a mobile device, which will allow their business to accept card payments. The one-time cost for the card reader is waived; however, payment processing costs from using the card reader, and cellular service data rates as described by the provider, still will apply.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 8,050 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 38 countries and territories to support customers who conduct business in the global economy. With approximately 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 2018 rankings of America’s largest corporations. In 2017, Wells Fargo donated $286.5 million to 14,500 nonprofits and Wells Fargo team members volunteered a record 2 million hours. In 2018, Wells Fargo is ranked as the No. 2 corporate cash donor in the U.S., according to the Chronicle of Philanthropy. Wells Fargo’s corporate social responsibility efforts are focused on three strategic priorities: diversity and social inclusion, economic empowerment, and environmental sustainability. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

* The American Red Cross name, emblem and copyrighted materials are being used with its permission, which in no way constitutes an endorsement, express or implied, of any product, service, company, opinion or political position. The American Red Cross logo is a registered trademark owned by The American National Red Cross. For more information about the American Red Cross, please visit redcross.org.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181011005878/en/

CONTACT: Media

Ann Wasik, 763-251-0549

Ann.wasik@wellsfargo.com

@AnnWasikWF

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA FLORIDA

INDUSTRY KEYWORD: PHILANTHROPY PROFESSIONAL SERVICES BANKING FINANCE OTHER PHILANTHROPY FUND RAISING

SOURCE: Wells Fargo

Copyright Business Wire 2018.

PUB: 10/11/2018 03:43 PM/DISC: 10/11/2018 03:42 PM

http://www.businesswire.com/news/home/20181011005878/en

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