Wells Fargo Provides $20 million revolving credit to Tower Loan

Des Moines, Iowa (July 15, 2009) – Wells Fargo Preferred Capital recently added $20 million to Tower Loan of Mississippi and its affiliated consumer lending companies' existing credit  facility, bringing the total facility to $185 million.

Currently in its 73rd year of operation, Tower provides consumer loans to borrowers throughout Mississippi, Louisiana and Missouri. The company is a leader in the consumer loan industry and services more than 150,000 customers with 525 team members in 140 cities.

"Tower is a great addition to Wells Fargo Preferred Capital's portfolio," said Tom Murphy, president of Wells Fargo Preferred Capital. "As a new member of Tower's bank financing group, we look forward to helping them grow while continuing Wells Fargo's commitment to the industry."

"The increase in the credit facility allows us to grow while partnering with the Wells Fargo Preferred Capital team that has tremendous expertise in this industry," said Francis C. Lee, Tower's chief executive officer.

About Wells Fargo

Wells Fargo & Company is a diversified financial services company with $1.3 trillion in assets, providing banking, insurance, investments, mortgage and consumer finance through more than 10,400 stores, over 12,000 ATMs and the internet (wellsfargo.com) across North America and internationally.