Wells Fargo Preferred Capital provides $25 million credit line to Security National Automotive Acceptance Corporation

Des Moines, Iowa (Aug. 10, 2009) – Wells Fargo Preferred Capital recently provided a $25 million commitment to Security National Automotive Acceptance Corporation.

“Wells Fargo Preferred Capital joins our bank group as an expert in the industry, and we expect to build upon our relationship with them as a valued long-term partner,” said Ted Catino, Security National CEO. Security National has been in business since 1986 providing automobile financing, primarily serving military personnel across 30 states.

“We are proud to play a role in extension of credit to our servicemen and servicewomen across the country by providing capital to this organization,” said Tom Murphy, Wells Fargo Preferred Capital president.

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 10,000 stores and 12,000 ATMs and the internet (wellsfargo.com) across North America and internationally.