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Company and Legal Department Overview

Company and Legal Department Overview. David V. Gorsche Assistant General Counsel May 30, 2014. Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.5 trillion in assets and $21.9 billion in income for 2013

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Company and Legal Department Overview

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  1. Company and Legal Department Overview David V. Gorsche Assistant General Counsel May 30, 2014

  2. Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.5 trillion in assets and $21.9 billion in income for 2013 • Founded in 1852, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 locations, 12,500 ATMs, and the internet (wellsfargo.com) • Headquartered in San Francisco • Does business with one in three U.S. households; over 70 million customers • More than 265,000 team members in 36 countries; 14,500 team members in Iowa • Ranked fourth in assets among U.S. banks and was the world’s most valuable bank by market capitalization, $262 billion (1st quarter 2014); • Named “Best Bank” in its Global Awards for Excellence by Euromoneyin 2013 (first time a U.S.-based bank has won the top award) • Ranked largest corporate donor in the U.S. by The Chronicle of Philanthropy in 2013 (based on 2012 donations)

  3. Wells Fargo Home Mortgage located in West Des Moines • 50,122 team members (as of 3/31/14) • #1 Mortgage Originator • In 2013, Wells Fargo provided $351 billion in financing to 1.5 million consumers to purchase homes or refinance existing mortgages • Financed 1 of every 5 homes in the United States in 2013 • #1 Retail Mortgage Lender (2013 Inside Mortgage Finance) • #1 Mortgage Servicer (2013 Inside Mortgage Finance) • $1.8 trillion Wells Fargo Home Lending Servicing volume, 11.4 million loans • Wells Fargo Home Mortgage has been among the top 3 in rank for both mortgage originations and servicing every year since 1995

  4. Wells Fargo Legal Department • Wells Fargo Law Department is comprised of 7 Divisions • Banking, Operations, Commerce and Global Risk • Consumer Lending and Corporate Regulatory • Enterprise Services • Finance and Operations • Global Commercial and Insurance • Litigation and Workout • Wealth, Brokerage, Retirement and Asset Management • Approximately 800 team members in the United States, Canada, Puerto Rico, Hong Kong, Ireland and the United Kingdom. • Approximately 91 Attorneys Support the Consumer Lending and Corporation Regulatory Division • Assistant General Counsel of the Mortgage Banking Division of Wells Fargo • 40 team members • Located in Des Moines, Houston, Minneapolis, Charlotte, San Antonio and Dallas

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