AP NEWS

Wells Fargo Bank Increases Prime Rate to 5.25 Percent

September 26, 2018

SAN FRANCISCO--(BUSINESS WIRE)--Sep 26, 2018--Wells Fargo Bank, N.A., said today it is increasing its prime rate to 5.25 percent from 5.00 percent, effective tomorrow, Sept. 27, 2018.

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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180926006081/en/

CONTACT: Media Contact

Ancel Martinez, 415-222-3858

Ancel.Martinez@wellsfargo.com

or

Investor Relations

John Campbell, 415-396-0523

John.M.Campbell@wellsfargo.com

KEYWORD: UNITED STATES NORTH AMERICA CANADA CALIFORNIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: Wells Fargo & Company

Copyright Business Wire 2018.

PUB: 09/26/2018 06:00 PM/DISC: 09/26/2018 06:01 PM

http://www.businesswire.com/news/home/20180926006081/en

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