Wells Fargo & Company 8-K, filed Feb 12, 2021
Wells Fargo & Company (WFC)
About this 8-K
Wells Fargo & Company filed this 8-K on February 12, 2021.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
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Item 8.01. Other Events.
Wells Fargo & Company (the “Company”) issued press releases announcing the early results and pricing of the previously announced cash tender offers for certain outstanding debt securities of the Company by Wells Fargo Securities, LLC, its indirect wholly-owned subsidiary. Copies of the press releases are attached as Exhibits 99.1 and 99.2 and are incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. |
Description |
Location | ||
| 99.1 | Press Release dated February 12, 2021 | Filed herewith | ||
| 99.2 | Press Release dated February 12, 2021 | Filed herewith | ||
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. | Filed herewith | ||
2
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| WELLS FARGO & COMPANY | ||||||
| DATED: February 12, 2021 | /s/ Bryant Owens | |||||
| Bryant Owens | ||||||
| Senior Vice President and Assistant Treasurer | ||||||
Exhibit 99.1
News Release | Feb. 12, 2021
Wells Fargo & Company Announces Increase in Maximum Tender Amount and Initial Results of Tender Offers by Its Wholly-Owned Subsidiary
SAN FRANCISCO – Feb. 12, 2021 – Wells Fargo & Company (NYSE: WFC) today announced an increase in the previously announced maximum tender amount from $4,500,000,000 to $6,400,000,000 (the “Maximum Tender Amount”) and the early tender results for its previously announced cash tender offers (the “Offers”) by Wells Fargo Securities, LLC (“Wells Fargo Securities”), an indirect wholly-owned subsidiary of Wells Fargo & Company, to purchase up to the Maximum Tender Amount of the 11 series of Wells Fargo & Company securities listed in the table below (each, a “Series of Securities,” and collectively, the “Securities”).
In addition to increasing the Maximum Tender Amount, Wells Fargo Securities has decided to eliminate the applicable Tender Cap (as defined below) for the 2.625% Notes due July 22, 2022 and the Floating Rate Notes due Jan. 24, 2023. All other terms of the Offers, as previously announced, remain unchanged. The Offers are being made pursuant to the offer to purchase dated Jan. 29, 2021 (the “Offer to Purchase”) and are limited to the Maximum Tender Amount, subject to the tender caps (the “Tender Caps”), as applicable, and the acceptance priority levels (the “Acceptance Priority Levels”), as set forth in the table below, as well as proration procedures, as applicable. Wells Fargo Securities refers investors to the Offer to Purchase for the complete terms of the Offers, as amended by this press release.
As of the previously announced early tender deadline of 5:00 p.m., New York City time, on Feb. 11, 2021 (the “Early Tender Deadline”), $8,347,255,000 aggregate principal amount of Securities had been validly tendered and not validly withdrawn. Withdrawal rights for the Securities expired at 5:00 p.m., New York City time, on Feb. 11, 2021. The table below sets forth the aggregate principal amount of Securities validly tendered and not validly withdrawn by the Early Tender Deadline. The final results of the Offers will not be available until after the Offers expire at 11:59 p.m., New York City time, on Feb. 26, 2021, unless extended or earlier terminated with respect to a Series of Securities (such date and time as the same may be extended, the “Expiration Date”).
| Title of Security |
CUSIP Number |
Principal Amount Outstanding |
Tender Cap (1) |
Accept- ance Priority Level (2) |
Fixed Price (3) |
Fixed Spread (Basis Points) (3) |
U.S. Treasury Reference Security |
Bloomberg Reference Page |
Principal Amount Tendered by Early Tender Deadline | |||||||||
| Floating Rate Notes due July 26, 2021 |
949746SB8 | $1,200,000,000 | N/A | 1 | $1,004.86 | N/A | N/A | N/A | $562,424,000 | |||||||||
© 2021 Wells Fargo Bank, N.A. All rights reserved.
| 3.069% Notes due Jan. 24, 2023 |
949746SK8 | $3,750,000,000 | N/A | 2 | N/A | +5 bps | 0.125% U.S. Treasury Notes due Jan. 31, 2023 |
FIT1 | $2,313,242,000 | |||||||||
| 2.625% Notes due July 22, 2022 |
95000U2B8 | $3,750,000,000 | N/A | 3 | N/A | +0 bps | 0.125% U.S. Treasury Notes due Jan. 31, 2023 |
FIT1 | $2,047,517,000 | |||||||||
| Floating Rate Notes due Jan. 24, 2023 |
949746SL6 | $1,250,000,000 | N/A | 4 | $1,010.68 | N/A | N/A | N/A | $680,169,000 | |||||||||
| 3.50% Notes due March 8, 2022 |
94974BFC9 | $2,500,000,000 | $1,250,000,000 | 5 | N/A | +7.5 bps | 0.125% U.S. Treasury Notes due Jan. 31, 2023 |
FIT1 | $929,522,000 | |||||||||
| Floating Rate Notes due May 24, 2021 |
949746RZ6 | $150,000,000 | $45,000,000 | 6 | $1,002.30 | N/A | N/A | N/A | $0 | |||||||||
| Floating Rate Notes due Aug. 10, 2021 |
949746SF9 | $200,000,000 | $60,000,000 | 7 | $1,004.51 | N/A | N/A | N/A | $0 | |||||||||
|
Fixed-to- Floating |
95000U2H5 | $3,000,000,000 | $300,000,000 | 8 | N/A | +65 bps | 0.125% U.S. Treasury Notes due Jan. 15, 2024 |
FIT1 | $395,164,000 | |||||||||
| 3.30% Notes due Sept. 9, 2024 |
94974BGA2 | $2,250,000,000 | $225,000,000 | 9 | N/A | +45 bps | 0.125% U.S. Treasury Notes due Jan. 15, 2024 |
FIT1 | $507,896,000 | |||||||||
| 3.00% Notes due Feb. 19, 2025 |
94974BGH7 | $2,500,000,000 | $250,000,000 | 10 | N/A | +45 bps | 0.375% U.S. Treasury Notes due Jan. 31, 2026 |
FIT1 | $521,367,000 | |||||||||
2 Feb. 12, 2021 | News Release
| Floating Rate Notes due Oct. 31, 2023 |
949746SJ1 | $2,000,000,000 | $200,000,000 | 11 | $1,017.38 | N/A | N/A | N/A | $389,954,000 | |||||||||
| (1) | Each Tender Cap set forth in the table above, as applicable, represents the combined maximum aggregate principal amount of such Series of Securities that will be purchased pursuant to an Offer. |
| (2) | Subject to the Maximum Tender Amount, the Tender Caps (as applicable), and proration, the principal amount of each Series of Securities accepted for purchase in the Offers will be determined in accordance with the applicable Acceptance Priority Level. |
| (3) | Per $1,000 principal amount of Securities validly tendered (and not validly withdrawn) and accepted for purchase pursuant to the Offers on or prior to the Early Tender Deadline and includes the Early Tender Premium of $30 per $1,000 principal amount of each Series of Securities (the “Early Tender Premium”). |
Because the aggregate principal amount of Securities validly tendered and not validly withdrawn already exceeds the Maximum Tender Amount, the Securities will be purchased in accordance with the Acceptance Priority Levels and the acceptance of certain Securities for purchase will trigger proration as described in the Offer to Purchase.
Wells Fargo Securities currently expects to accept for purchase 100% of the Securities validly tendered and not validly withdrawn for the Securities listed in the table above at Acceptance Priority Levels 1-4 and to accept Securities validly tendered and not validly withdrawn for the Securities listed in the table above at Acceptance Priority Level 5 on a pro rata basis. Wells Fargo Securities will determine the applicable proration factor as soon as practicable after the Expiration Date, and Wells Fargo & Company will announce the results of proration by press release. The principal amount of each Series of Securities listed in the table above at Acceptance Priority Levels 1-5 that are ultimately accepted for purchase will depend upon whether holders tender additional Securities after the Early Tender Deadline. Wells Fargo Securities does not expect to accept for purchase any of the Securities listed above at Acceptance Priority Levels 6-11. The Securities not accepted for purchase will be promptly credited after the Expiration Date to the account of the registered holder of such Securities with the Depository Trust Company.
The Floating Rate Notes due July 26, 2021; the Floating Rate Notes due Jan. 24, 2023; the Floating Rate Notes due May 24, 2021; the Floating Rate Notes due Aug. 10, 2021; and the Floating Rate Notes due Oct. 31, 2023 are referred to collectively as the “Fixed Price Securities.” The applicable total consideration offered per $1,000 principal amount of each series of Fixed Price Securities validly tendered by the Early Tender Deadline and accepted for purchase pursuant to the applicable Offer shall be the amount set forth in the table above under the heading “Fixed Price” for the corresponding Fixed Price Securities (the “Fixed Price Total Consideration”).
The 3.069% Notes due Jan. 24, 2023; the 2.625% Notes due July 22, 2022; the 3.50% Notes due March 8, 2022; the Fixed-to-Floating Rate Notes due Oct. 30, 2025; the 3.30% Notes due Sept. 9, 2024; and the 3.00% Notes due Feb. 19, 2025 are referred to collectively as the “Fixed Spread Securities.” The applicable consideration offered per $1,000 principal amount of each series of Fixed Spread Securities validly tendered and accepted for purchase pursuant to the applicable Offer shall be the “Fixed Spread Total Consideration” determined in the manner described in the Offer to Purchase by reference to the applicable fixed spread for such series of Fixed Spread Securities, plus the applicable yield to maturity based on the bid-side price of the applicable U.S. Treasury Reference Security, as quoted on the applicable Bloomberg Reference Page, at 10:00 a.m., New York City time, on Feb. 12, 2021. In calculating the applicable Fixed Spread Total Consideration or Late Fixed Spread Tender Offer Consideration (as defined below) for a series of Fixed Spread Securities, the application of the par call date, if any, will be in accordance with standard market practice as described in the Offer to Purchase.
Holders of Securities that are validly tendered prior to the Early Tender Deadline and that are accepted for purchase will receive the Fixed Price Total Consideration or the Fixed Spread Total Consideration, as applicable, for Securities accepted for purchase. Such Total Consideration amount is inclusive of the applicable Early Tender Premium.
Holders of Securities that are validly tendered after the Early Tender Deadline, but before the Expiration Date, and that are accepted for purchase will receive only the applicable Total Consideration minus the applicable Early Tender Premium. The Fixed Price Total Consideration minus the Early Tender Premium is the “Late Fixed Price Tender Offer Consideration,” and the Fixed Spread Total Consideration minus the Early Tender Premium is referred to as the “Late Fixed Spread Tender Offer Consideration.” The Late Fixed Price Tender Offer Consideration and the Late Fixed Spread Tender Offer Consideration are referred to collectively as the “Late Tender Offer Consideration.”
3 Feb. 12, 2021 | News Release
In addition, to the applicable Total Consideration or the applicable Late Tender Offer Consideration, holders whose Securities are purchased in the Offers will receive accrued and unpaid interest in respect of their purchased Securities from the last interest payment date for such Series of Securities to, but not including, the Settlement Date for such Series of Securities, payable on the Settlement Date. The Settlement Date is currently expected to be March 2, 2021.
Securities tendered may no longer be withdrawn, except where additional withdrawal rights are required by law. There are no guaranteed delivery procedures in respect of the Offers.
The Offers are conditioned upon the satisfaction of certain customary conditions described in the Offer to Purchase. The Offers are not conditioned upon the tender of any minimum principal amount of Securities. Subject to applicable law, Wells Fargo Securities may, in its sole discretion, waive any condition applicable to an Offer. Wells Fargo Securities may extend, terminate, withdraw, or otherwise amend an offer. Under certain conditions and as more fully described in the Offer to Purchase, Wells Fargo Securities may terminate an Offer before the Expiration Date.
The Offers are open to all registered holders of Securities. A beneficial owner of Securities that are held of record by a broker, dealer, commercial bank, trust company, or other nominee (each, a “Custodian”) must instruct such Custodian to tender such Securities on the beneficial owner’s behalf in a timely manner. Beneficial owners should be aware that a Custodian may establish its own earlier deadline for participation in an Offer.
D.F. King & Co., Inc. is serving as the tender agent and information agent. Requests for documents may be directed to D.F. King & Co., Inc. by telephone at 212-269-5550 (banks and brokers) or 1-877-283-0318 or email at wfc@dfking.com.
Questions regarding the Offers may be directed to Wells Fargo Securities at 704-410-4759 or collect at 1-866-309-6316 or email at liabilitymanagement@wellsfargo.com.
This press release is for informational purposes only and does not constitute an offer to purchase or the solicitation of an offer to sell any Securities. The Offers are being made only pursuant to the Offer to Purchase. The Offers are not being made to holders of Securities in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky, or other laws of such jurisdiction. None of Wells Fargo Securities, Wells Fargo & Company, the Tender Agent, the Information Agent, the trustee, the paying agent, or any of their respective affiliates or boards of directors makes any recommendation in connection with the Offers. Please refer to the Offer to Purchase for a description of terms, conditions, disclaimers, and other information applicable to the Offers.
About Wells Fargo
Wells Fargo & Company is a leading financial services company that has approximately $1.9 trillion in assets and proudly serves one in three U.S. households and more than 10% of all middle market companies in the U.S. We provide a diversified set of banking, investment, and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management. Wells Fargo ranked No. 30 on Fortune’s 2020 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy.
Contact Information
Media
Ancel Martinez, 415-222-3858
ancel.martinez@wellsfargo.com
Investor Relations
Tanya Quinn, 415-396-7495
tanya.quinn@wellsfargo.com
News Release Category: WF-CF
###
4 Feb. 12, 2021 | News Release
Exhibit 99.2
News Release | Feb. 12, 2021
Wells Fargo & Company Announces Pricing of Tender Offers by Its Wholly-Owned Subsidiary
SAN FRANCISCO – Feb. 12, 2021 – Wells Fargo & Company (NYSE: WFC) today announced the consideration applicable to certain securities included in the previously announced cash tender offers (the “Offers”) by Wells Fargo Securities, LLC (“Wells Fargo Securities”), an indirect wholly-owned subsidiary of Wells Fargo & Company, to purchase up to $6,400,000,000 combined aggregate principal amount (the “Maximum Tender Amount”) of the 11 series of Wells Fargo & Company securities listed in the table below (each, a “Series of Securities,” and collectively, the “Securities”). The Offers are being made solely pursuant to the Offer to Purchase dated Jan. 29, 2021 (the “Offer to Purchase”), as amended in the manner described in the press release dated Feb. 12, 2021 that was released by Wells Fargo & Company earlier today (the “Amendment”). The Amendment also provides the initial results of the Offers.
The 3.069% Notes due Jan. 24, 2023; the 2.625% Notes due July 22, 2022; the 3.50% Notes due March 8, 2022; the Fixed-to-Floating Rate Notes due Oct. 30, 2025; the 3.30% Notes due Sept. 9, 2024; and the 3.00% Notes due Feb. 19, 2025 are referred to collectively as the “Fixed Spread Securities.” The applicable total consideration offered per $1,000 principal amount of each series of Fixed Spread Securities validly tendered by 5:00 p.m., New York City time, on Feb. 11, 2021 (the “Early Tender Deadline”) and accepted for purchase pursuant to the applicable Offer shall be the “Fixed Spread Total Consideration” determined in the manner described in the Offer to Purchase. The reference yield listed in the table below is based on the bid-side price of the reference security as quoted on Bloomberg Reference Page FIT1 at 10:00 a.m., New York City time, today, as described in the Offer to Purchase.
| Title of Security |
CUSIP Number |
Principal Amount |
Tender Cap (1) | Accept- ance Priority Level (2) |
Fixed Price (3) |
Fixed Spread (Basis |
U.S. Treasury Reference Security |
Reference Yield |
Fixed Spread Total | |||||||||
| Floating Rate Notes due July 26, 2021 |
949746SB8 | $1,200,000,000 | N/A | 1 | $1,004.86 | N/A | N/A | N/A | N/A | |||||||||
| 3.069% Notes due Jan. 24, 2023 |
949746SK8 | $3,750,000,000 | N/A | 2 | N/A | +5 bps | 0.125% U.S. Treasury Notes due Jan. 31, 2023 |
0.111% | $1,025.98 | |||||||||
© 2021 Wells Fargo Bank, N.A. All rights reserved.
| 2.625% Notes due July 22, 2022 |
95000U2B8 | $3,750,000,000 | N/A | 3 | N/A | +0 bps | 0.125% U.S. Treasury Notes due Jan. 31, 2023 |
0.111% | $1,034.88 | |||||||||
| Floating Rate Notes due Jan. 24, 2023 |
949746SL6 | $1,250,000,000 | N/A | 4 | $1,010.68 | N/A | N/A | N/A | N/A | |||||||||
| 3.50% Notes due March 8, 2022 |
94974BFC9 | $2,500,000,000 | $1,250,000,000 | 5 | N/A | +7.5 bps | 0.125% U.S. Treasury Notes due Jan. 31, 2023 |
0.111% | $1,033.64 | |||||||||
| Floating Rate Notes due May 24, 2021 |
949746RZ6 | $150,000,000 | $45,000,000 | 6 | $1,002.30 | N/A | N/A | N/A | N/A | |||||||||
| Floating Rate Notes due Aug. 10, 2021 |
949746SF9 | $200,000,000 | $60,000,000 | 7 | $1,004.51 | N/A | N/A | N/A | N/A | |||||||||
| Fixed-to- Floating Rate Notes due Oct. 30, 2025 |
95000U2H5 | $3,000,000,000 | $300,000,000 | 8 | N/A | +65 bps | 0.125% U.S. Treasury Notes due Jan. 15, 2024 |
0.184% | $1,056.56 | |||||||||
| 3.30% Notes due Sept. 9, 2024 |
94974BGA2 | $2,250,000,000 | $225,000,000 | 9 | N/A | +45 bps | 0.125% U.S. Treasury Notes due Jan. 15, 2024 |
0.184% | $1,092.64 | |||||||||
| 3.00% Notes due Feb. 19, 2025 |
94974BGH7 | $2,500,000,000 | $250,000,000 | 10 | N/A | +45 bps | 0.375% U.S. Treasury Notes due Jan. 31, 2026 |
0.484% | $1,080.21 | |||||||||
| Floating Rate Notes due Oct. 31, 2023 |
949746SJ1 | $2,000,000,000 | $200,000,000 | 11 | $1,017.38 | N/A | N/A | N/A | N/A | |||||||||
| (1) | Each tender cap (the “Tender Caps”) set forth in the table above represents the combined maximum aggregate principal amount of such Series of Securities that will be purchased pursuant to an Offer. |
| (2) | Subject to the Maximum Tender Amount, the Tender Caps (as applicable), and proration, the principal amount of each Series of Securities accepted for purchase in the Offers will be determined in accordance with the applicable acceptance priority level (the “Acceptance Priority Levels”). |
| (3) | Per $1,000 principal amount of Securities validly tendered (and not validly withdrawn) and accepted for purchase pursuant to the Offers on or prior to the Early Tender Deadline and includes the Early Tender Premium of $30 per $1,000 principal amount of each Series of Securities (the “Early Tender Premium”). |
2 Feb. 12, 2021 | News Release
The Floating Rate Notes due July 26, 2021; the Floating Rate Notes due Jan. 24, 2023; the Floating Rate Notes due May 24, 2021; the Floating Rate Notes due Aug. 10, 2021; and the Floating Rate Notes due Oct. 31, 2023 are referred to collectively as the “Fixed Price Securities.” The applicable total consideration offered per $1,000 principal amount of each series of Fixed Price Securities validly tendered by the Early Tender Deadline and accepted for purchase pursuant to the applicable Offer is the amount set forth in the table above under the heading “Fixed Price” for the corresponding Fixed Price Securities (the “Fixed Price Total Consideration,” and together with the Fixed Spread Total Consideration, the “Total Consideration”). Today’s pricing had no impact on the Fixed Price Total Consideration.
Holders of Securities that are validly tendered after the Early Tender Deadline, but before 11:59 p.m., New York City time, on Feb. 26, 2021 (such date and time as the same may be extended, the “Expiration Date”), and that are accepted for purchase will receive only the applicable Total Consideration minus the applicable Early Tender Premium. The Fixed Price Total Consideration minus the Early Tender Premium is the “Late Fixed Price Tender Offer Consideration,” and the Fixed Spread Total Consideration minus the Early Tender Premium is referred to as the “Late Fixed Spread Tender Offer Consideration.” The Late Fixed Price Tender Offer Consideration and the Late Fixed Spread Tender Offer Consideration are referred to collectively as the “Late Tender Offer Consideration.”
In addition, to the applicable Total Consideration or the applicable Late Tender Offer Consideration, holders whose Securities are purchased in the Offers will receive accrued and unpaid interest in respect of their purchased Securities from the last interest payment date for such Series of Securities to, but not including, the Settlement Date for such Series of Securities, payable on the Settlement Date. The Settlement Date is currently expected to be March 2, 2021.
The Offers are being made pursuant to the Offer to Purchase, as amended by the Amendment, and are limited to the Maximum Tender Amount, subject to the Tender Caps, as applicable, and the Acceptance Priority Levels, as set forth in the table above, as well as proration procedures, as applicable. Wells Fargo Securities refers investors to the Offer to Purchase for the complete terms of the Offers, as amended by the Amendment. Wells Fargo Securities currently expects to accept for purchase 100% of the Securities validly tendered and not validly withdrawn for the Securities listed in the table above at Acceptance Priority Levels 1-4 and to accept Securities validly tendered and not validly withdrawn for the Securities listed in the table above at Acceptance Priority Level 5 on a pro rata basis. Wells Fargo Securities will determine the applicable proration factor as soon as practicable after the Expiration Date, and Wells Fargo & Company will announce the results of proration by press release. The principal amount of each Series of Securities listed in the table above at Acceptance Priority Levels 1-5 that are ultimately accepted for purchase will depend upon whether holders tender additional Securities after the Early Tender Deadline. Wells Fargo Securities does not expect to accept for purchase any of the Securities listed above at Acceptance Priority Levels 6-11. The Securities not accepted for purchase will be promptly credited after the Expiration Date to the account of the registered holder of such Securities with the Depository Trust Company.
Securities tendered may no longer be withdrawn, except where additional withdrawal rights are required by law. There are no guaranteed delivery procedures in respect of the Offers.
The Offers are conditioned upon the satisfaction of certain customary conditions described in the Offer to Purchase. The Offers are not conditioned upon the tender of any minimum principal amount of Securities. Subject to applicable law, Wells Fargo Securities may, in its sole discretion, waive any condition applicable to an Offer. Wells Fargo Securities may extend, terminate, withdraw, or otherwise amend an offer. Under certain conditions and as more fully described in the Offer to Purchase, Wells Fargo Securities may terminate an Offer before the Expiration Date.
The Offers are open to all registered holders of Securities. A beneficial owner of Securities that are held of record by a broker, dealer, commercial bank, trust company, or other nominee (each, a “Custodian”) must instruct such Custodian to tender such Securities on the beneficial owner’s behalf in a timely manner. Beneficial owners should be aware that a Custodian may establish its own earlier deadline for participation in an Offer.
3 Feb. 12, 2021 | News Release
D.F. King & Co., Inc. is serving as the tender agent and information agent. Requests for documents may be directed to D.F. King & Co., Inc. by telephone at 212-269-5550 (banks and brokers) or 1-877-283-0318 or email at wfc@dfking.com. Questions regarding the Offers may be directed to Wells Fargo Securities at 704-410-4759 or collect at 1-866-309-6316 or email at liabilitymanagement@wellsfargo.com.
This press release is for informational purposes only and does not constitute an offer to purchase or the solicitation of an offer to sell any Securities. The Offers are being made only pursuant to the Offer to Purchase. The Offers are not being made to holders of Securities in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky, or other laws of such jurisdiction. None of Wells Fargo Securities, Wells Fargo & Company, the Tender Agent, the Information Agent, the trustee, the paying agent, or any of their respective affiliates or boards of directors makes any recommendation in connection with the Offers. Please refer to the Offer to Purchase for a description of terms, conditions, disclaimers, and other information applicable to the Offers.
About Wells Fargo
Wells Fargo & Company is a leading financial services company that has approximately $1.9 trillion in assets and proudly serves one in three U.S. households and more than 10% of all middle market companies in the U.S. We provide a diversified set of banking, investment, and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management. Wells Fargo ranked No. 30 on Fortune’s 2020 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy.
Contact Information
Media
Ancel Martinez, 415-222-3858
ancel.martinez@wellsfargo.com
Investor Relations
Tanya Quinn, 415-396-7495
tanya.quinn@wellsfargo.com
News Release Category: WF-CF
###
4 Feb. 12, 2021 | News Release