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Press release content from Business Wire. The AP news staff was not involved in its creation.

Wells Fargo Bank Decreases Prime Rate to 4.75 Percent

October 30, 2019 GMT

SAN FRANCISCO--(BUSINESS WIRE)--Oct 30, 2019--

Wells Fargo Bank, N.A., said today it is decreasing its prime rate to 4.75 percent from 5.00 percent, effective tomorrow, Oct. 31, 2019.

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 7,500 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy. With approximately 261,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191030006100/en/

CONTACT: Media Contact

Jennifer Langan, (213) 598-1490

Jennifer.L.Langan@wellsfargo.com

or

Investor Relations

John Campbell, (415) 396-0523

John.M.Campbell@wellsfargo.com

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA CANADA

INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE

SOURCE: Wells Fargo & Company

Copyright Business Wire 2019.

PUB: 10/30/2019 05:00 PM/DISC: 10/30/2019 05:01 PM

http://www.businesswire.com/news/home/20191030006100/en