WELLS FARGO TO ACCEPT NEW GUATEMALAN CONSULAR IDENTIFICATION CARD TO OPEN ACCOUNTS

WELLS FARGO TO ACCEPT NEW GUATEMALAN CONSULAR IDENTIFICATION CARD TO OPEN ACCOUNTS

Consulate General of Guatemala and Wells Fargo Make Joint Announcement in Los Angeles


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LOS ANGELES,CA–(HISPANIC PR WIRE)–September 25, 2002–Wells Fargo & Company, together with the Los Angeles Consulate General of Guatemala, announced today that it will accept the newly issued Guatemalan Consular Identification Card, as a valid form of primary identification for new account openings and over-the-counter transactions at its more than 3,000 retail banking stores in 23 states. Last November, Wells Fargo was the first bank to announce it would accept the Mexican matricula card as valid primary identification.

The Guatemalan government started issuing the card to Guatemalan citizens residing in the United States on September 16, 2002, through its local consulate offices throughout the United States.

“There is a great need in the U.S. Hispanic community for education on financial products and services,” said Fernando Castillo, Consul General of Guatemala in Los Angeles. “That need is particularly acute for new immigrants who lack financial knowledge as well as acceptable forms of identification to open even a basic bank account. By accepting the Consular Identification card as one its qualifying forms of primary identification, Wells Fargo is providing a much-needed service to help Guatemalans open a bank account and to succeed financially.”

Wells Fargo requires that prospective individual customers opening an account have two pieces of valid identification (two primary or one primary and one secondary) in addition to a U.S. Social Security number or individual taxpayer identification number (ITIN). Other forms of acceptable primary identification include a state driver’s license or non-driver’s license, passport, or Armed Forces identification card. Acceptable secondary forms of identification include a major credit card, gas card, department store credit card or student identification card with photo.

“The Mexican matricula has proven to be an extremely effective method of helping Mexican nationals to participate in the mainstream of financial services and we wanted to provide the same opportunity to Guatemalan citizens,” said Shelley Benson, market president for Wells Fargo Downtown Los Angeles Community Bank. “We want Guatemalans to know that Wells Fargo welcomes their business and wants to be the financial services company of choice for all Latino communities.”

The Consulate General of Guatemala in Los Angeles has already received 2,500 applications for the Consular Identification card. Guatemalan citizens need to provide proof that they are a Guatemalan National residing within the jurisdiction of the Consulate General of Guatemala’s office as well as proof of identity.

Consul Fernando Castillo estimated that there are about 600,000 Guatemalans residing in California and about one million in the United States.

Wells Fargo is a $312 billion diversified financial services company providing banking, insurance, investments, mortgage and consumer finance through more than 5,400 stores, the world’s leading Internet banking site (wellsfargo.com) and other distribution channels across North America and elsewhere internationally.

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CONTACT:

Wells Fargo

Miriam Galicia Duarte,

213-253-3721

WELLS FARGO TO ACCEPT NEW GUATEMALAN CONSULAR IDENTIFICATION CARD TO OPEN ACCOUNTS