Wells Fargo Supports Veterans With $2 Million to Scholarship America

Launches scholarship and emergency grant programs for veterans

SAN FRANCISCO–(BUSINESS WIRE)–Wells Fargo & Company (NYSE: WFC) has committed $2 million over the next
four years to Scholarship America to develop and implement the Wells
Fargo Veterans Scholarship Program and the Wells Fargo Veterans
Emergency Grant Program. The needs-based scholarships and grants will
help veterans and spouses of disabled veterans obtain education or
training necessary to successfully integrate back into civilian life.

“American veterans are important to the strength of our country and our
company, which is why we want to make sure they are able to contribute
their talents to our workforce,” said Jerry Quinn, Wells Fargo Military
& Veteran Program Manager. “Our work with Scholarship America will help
fill some of the financial gaps our veterans and their families face
with scholarships and emergency aid that will help set them on a course
to success.”

“Wells Fargo’s generous commitment of scholarships and emergency aid for
veterans is a powerful combination that will help many veterans and
families by making the path to civilian life more attainable and
affordable,” said Bob Ballard, president & CEO, Scholarship America.
“Wells Fargo is modeling the way.”

Scholarship America, the nation’s largest provider of postsecondary
educational assistance programs, and Wells Fargo worked together on the
application and selection process for the scholarship and emergency
grants, using best practices of the highest quality postsecondary
educational aid programs.

The Wells Fargo Veterans Scholarship Program

Applications for the scholarship program are being accepted today
through February 29, 2016. Awards will be made to honorably discharged
veterans or spouses of disabled veterans who are high school or GED
graduates. Renewable scholarships for up to $10,000 per year will be
granted, determined by financial need and consideration of academic
performance, work experience, leadership and community service, and
challenges to completing a postsecondary program. Each award renewal
will increase by $1,000 over the previous year to encourage program
completion for each recipient. Visit www.scholarsapply.org/wellsfargoveterans
for more information and to apply.

The Wells Fargo Veterans Emergency Grant Program

Emergency grants are available on an ongoing basis for eligible veterans
who are enrolled in postsecondary education and experience unexpected
financial difficulties that might cause them to drop out of school.
Grants will be available for a one-time distribution up to $1,000 based
on the cost of the emergency need, such as rent, utilities, daycare and
medical expenses. Visit www.scholarsapply.org/wellsfargoveteransemergency
for more information and to apply.

More information about Wells Fargo’s support of service members,
veterans, and their families is available at wellsfargo.com/military/veterans.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified,
community-based financial services company with $1.8 trillion in assets.
Founded in 1852 and headquartered in San Francisco, Wells Fargo provides
banking, insurance, investments, mortgage, and consumer and commercial
finance through 8,700 locations, approximately 13,000 ATMs, the internet
(wellsfargo.com)
and mobile banking, and has offices in 36 countries 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. 30 on Fortune’s 2015
rankings of America’s largest corporations. In 2014, Wells Fargo donated
$281.2 million in grants to 17,100 nonprofits, and team members
volunteered 1.74 million hours around the country. 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.

About Scholarship America

For more than 50 years, Scholarship America has worked directly with
students, parents, colleges, businesses and communities to empower
people to fulfill their college dreams. As the nation’s largest provider
of private scholarships, having distributed over $3.1 billion to more
than 2 million students, Scholarship America is now working to further
engage the private sector to support programs and policies that advance
equity in postsecondary education and help students overcome barriers to
access, persistence and attainment. More information is available at scholarshipamerica.org.

Contacts

Wells Fargo & Company
Lisa Westermann, 415-222-6236 (Media)
Lisa.B.Westermann@wellsfargo.com
Twitter
@LWestermannWF