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Company and Legal Department Overview David V. Gorsche Assistant General Counsel May 30, 2014.

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Presentation on theme: "Company and Legal Department Overview David V. Gorsche Assistant General Counsel May 30, 2014."— Presentation transcript:

1 Company and Legal Department Overview David V. Gorsche Assistant General Counsel May 30, 2014

2 Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.5 trillion in assets and $21.9 billion in income for 2013 Founded in 1852, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 locations, 12,500 ATMs, and the internet (wellsfargo.com) Headquartered in San Francisco Does business with one in three U.S. households; over 70 million customers More than 265,000 team members in 36 countries; 14,500 team members in Iowa Ranked fourth in assets among U.S. banks and was the world’s most valuable bank by market capitalization, $262 billion (1 st quarter 2014); Named “Best Bank” in its Global Awards for Excellence by Euromoney in 2013 (first time a U.S.-based bank has won the top award) Ranked largest corporate donor in the U.S. by The Chronicle of Philanthropy in 2013 (based on 2012 donations)

3 Wells Fargo Home Mortgage located in West Des Moines 50,122 team members (as of 3/31/14) #1 Mortgage Originator In 2013, Wells Fargo provided $351 billion in financing to 1.5 million consumers to purchase homes or refinance existing mortgages Financed 1 of every 5 homes in the United States in 2013 #1 Retail Mortgage Lender (2013 Inside Mortgage Finance) #1 Mortgage Servicer (2013 Inside Mortgage Finance) $1.8 trillion Wells Fargo Home Lending Servicing volume, 11.4 million loans Wells Fargo Home Mortgage has been among the top 3 in rank for both mortgage originations and servicing every year since 1995

4 Wells Fargo Legal Department Wells Fargo Law Department is comprised of 7 Divisions Banking, Operations, Commerce and Global Risk Consumer Lending and Corporate Regulatory Enterprise Services Finance and Operations Global Commercial and Insurance Litigation and Workout Wealth, Brokerage, Retirement and Asset Management Approximately 800 team members in the United States, Canada, Puerto Rico, Hong Kong, Ireland and the United Kingdom. Approximately 91 Attorneys Support the Consumer Lending and Corporation Regulatory Division Assistant General Counsel of the Mortgage Banking Division of Wells Fargo 40 team members Located in Des Moines, Houston, Minneapolis, Charlotte, San Antonio and Dallas


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