Wells Fargo Bank Increases Prime Rate to 8.00 Percent

SAN FRANCISCO--(BUSINESS WIRE)--Mar 22, 2023--

Wells Fargo Bank, N.A., said today it is increasing its prime rate to 8.00 percent from 7.75 percent, effective tomorrow, March 23, 2023.

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Wells Fargo (Photo: Wells Fargo)

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets, proudly serves one in three U.S. households and more than 10% of small businesses in the U.S., and is a leading middle market banking provider in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 41 on Fortune’s 2022 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Additional information may be found at www.wellsfargo.com | Twitter: @WellsFargo.

News Release Category: WF-CF

View source version on businesswire.com:https://www.businesswire.com/news/home/20230322005721/en/

CONTACT: Media

Beth Richek, 704-374-2545

[email protected] Relations

John Campbell, 415-396-0523

[email protected]

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: SMALL BUSINESS BANKING PROFESSIONAL SERVICES FINANCE

SOURCE: Wells Fargo & Company

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PUB: 03/22/2023 04:30 PM/DISC: 03/22/2023 04:31 PM

http://www.businesswire.com/news/home/20230322005721/en