Wells Fargo contributes to Moylan Fund

Wells Fargo Foundation has awarded a $5,000 grant to the San Luis Obispo County Housing Trust Fund (HTF) on behalf of Wells Fargo Home Mortgage.  The award is for the HTF’s George Moylan Affordable Housing Fund and will be used exclusively to help finance the development of housing for low and moderate income home buyers in San Luis Obispo County.

“At Wells Fargo, we want our customers and communities to succeed financially,” states Mark Corella, Wells Fargo Bank's District Manager.  "Wells Fargo is pleased to support the San Luis Obispo County Housing Trust Fund as we work together to make that happen."

“We are excited about Wells Fargo’s support for the Moylan Fund,” adds HTF Executive Director Jerry Rioux.  “The bank’s generous award will be combined with donations and investments from throughout our community to help finance affordable housing in San Luis Obispo County."

The Moylan Fund was created in 2005 to honor the memory and continue the work of George Moylan, one of the HTF's founding directors.  The Moylan Fund is a revolving loan fund that directly helps to finance affordable housing projects.  More than 300 individuals, organizations and companies have contributed approximately $85,000 to the Moylan Fund to date.  Additional information on the Moylan Fund is available at www.slochtf.org/moylan-fund.htm.

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.2 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial financing through more than 9,000 stores, 12,000 ATMs, the Internet (www.wellsfargo.com and www.wachovia.com), and other distribution channels across North America and internationally. With approximately 280,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked No. 23 on Fortune’s 2011 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all their customers’ financial needs and help them succeed financially.