Wells Fargo Foundation Donates $100,000 to Earthquake Relief Efforts in Puerto Rico

Jan 31, 2020 1:00 PM ET
Press Release

SAN FRANCISCO, January 31, 2020 /3BL Media/ -The Wells Fargo Foundation today announced a $100,000 donation to the American Red Cross for ongoing relief efforts across Puerto Rico in the aftermath of a series of earthquakes. The American Red Cross is providing shelter, food, health and mental health services and other urgent basic needs to local communities as they work to recover from the earthquakes and many aftershocks.

“Our hearts go out to Puerto Rico and the people touched by the devastation of the earthquakes,” said Brandee McHale, president of the Wells Fargo Foundation. “We know it’s an incredibly trying and emotional time for the whole island. As a company, we have many customers and employees that stand with us as we donate towards immediate care and support in local communities.”

In addition, the Foundation is investing in rebuilding the community of small business owners in Puerto Rico through the Wells Fargo Diverse Community Capital program, which partners with Community Development Financial Institutions (CDFIs) to empower diverse entrepreneurs to grow and create local jobs.

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 7,400 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy. With approximately 260,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. 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 https://www.redcross.org/