Wells Fargo Preferred Capital hosts 2009 Client Summit in San Francisco

Des Moines, Iowa, September 8th and 9th, 2009

San Francisco played host to Wells Fargo Preferred Capital's annual Client Summit held in early September. More than 175 participants representing 56 consumer finance companies from across the country converged on Wells Fargo & Co. corporate headquarters for the two-day event

“Our consumer and auto finance client companies collectively have more than $3.1 billion of available credit lines with Wells Fargo Preferred Capital, enabling them to extend in excess of $5 billion in consumer loan products.” said Tom Murphy, President of Wells Fargo Preferred Capital.

“Our first client summit held in 2000, was in Pinehurst, North Carolina and was attended by 50 executives from 19 client companies; what an amazing journey we have traveled over the years as we have continued to grow our portfolio in good times and some challenging times”, added Sharon Mancero, Vice President of Preferred Capital.

This year's presenters were:

Tom Murphy, President of Wells Fargo Preferred Capital

Dave Kvamme, President and CEO of Wells Fargo Financial

Ryan Zanin, Corporate Chief Risk Officer, Wells Fargo & Co.

Gary Schlossberg, Vice President and Senior Economist, Wells Fargo Capital Management

Kraig Hills, Senior Vice President of Risk Management, Wells Fargo Financial

Rick Snyder, Vice President, Wells Fargo Preferred Capital was emcee for the business meeting sessions and kept everyone right on track.

“We were privileged to have Senior Executive Vice President and Chief Financial Officer, Wells Fargo & Co., Howard Atkins join us at our dinner reception. And it was an honor to hear John Stumpf, President and Chief Executive Officer, Wells Fargo & Co., speak at dinner and share his thoughts and perspective of the overall economy and the consumer finance industry as a whole” said Bill Laird, Senior Vice President, Wells Fargo Preferred Capital.

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.