Wells Fargo, United States Hispanic Chamber of Commerce Honor Distinguished Latino Business Owners

Sacramento — For the second consecutive year, Wells Fargo & Company (NYSE: WFC) and the United States Hispanic Chamber of Commerce (USHCC) honored two Latino business owners with the Wells Fargo/USHCC Hispanic Businesswoman and Hispanic Businessman of the Year Awards. The 2008 awardees are Sandra Sedillo McGlothlin, owner of Fort Worth, Texas-based Empire Disposal Ltd., and Michael Zambrana, owner of Pangea, Inc., in St. Louis.

McGlothlin and Zambrana were honored and each received a $5,000 check at the annual USHCC Annual National Convention & Business Expo in Sacramento, Calif. The winners were selected from a nationwide pool and were evaluated based on their company’s business performance, innovation, growth and personal service to the community.

Empire Disposal Ltd. provides commercial and industrial waste services for construction and renovation projects. The company sets itself apart from competitors by managing an industry-leading system of waste services, providing clients with timely, guaranteed service. Ms. McGlothlin has served as a Fort Worth Hispanic Chamber of Commerce board member since 2003 and currently serves as chair-elect. She has contributed to numerous organizations in her local community, and successfully negotiated the opening of a second Mexican Consulate office in the Dallas/Fort Worth area.

Pangea, Inc., provides civil and facility construction, engineering and surveying to federal agencies and private companies throughout the U.S. The company also provides environmental remediation, waste management and decommissioning and decontamination services. Mr. Zambrana is the past president and current board member of the Hispanic Chamber of Commerce of Metropolitan St. Louis, and is on the Board of Directors of the International Institute, which provides language, job training and placement, counseling and support services for immigrants to St. Louis. He also serves as a member of the St. Louis Minority Business Council, and on the Diversity Committee of the St. Louis Council of Construction Consumers.

“These prestigious awards recognize the work of one Latina and one Latino every year who inspire others to achieve success in the spirit of entrepreneurship,” said David C. Lizárraga, USHCC Chair. “We believe that, through their personal and professional triumphs, Sandra Sedillo McGlothlin and Michael Zambrana embody the spirit of these awards and we are honored to name these two extraordinary business leaders in 2008.”

“Wells Fargo is committed to the success of Latino business owners,” said Tim Rios, senior vice president and national spokesperson for Wells Fargo’s Latino Business Services program. “We are honored to celebrate the achievements and community involvement of Ms. McGlothlin and Mr. Zambrana, who are outstanding Latino leaders and role models.”

Since 1997, Wells Fargo’s Latino Businesses Services has helped Latino business owners increase their access to capital and other financial services. Latino Business Services is dedicated to making financial literacy and in-language resources available through marketing communications, seminars and community activities. To measure the progress of its outreach efforts, Wells Fargo established a public lending goal to lend $5 billion by 2010 to Latino-owned businesses. Since the program’s inception, Wells Fargo has loaned more than $4.9 billion to Latino business owners nationwide. For more information about Wells Fargo’s Latino Business Services program, please visit www.wellsfargo.com/biz/latino.

About Wells Fargo
Wells Fargo & Company is a diversified financial services company with $609 billion in assets, providing banking, insurance, investments, mortgage and consumer finance through almost 6,000 stores and the internet (wellsfargo.com) across North America and elsewhere internationally. Wells Fargo Bank, N.A. is the only bank in the U.S., and one of only two banks worldwide, to have the highest possible credit rating from both Moody’s Investors Service, “Aaa,” and Standard & Poor’s Ratings Services, “AAA"

Wells Fargo is America’s #1 small business lender in total dollar volume according to the most recent Community Reinvestment Act data (2006) and the #1 SBA 7a bank lender in total dollar volume. Wells Fargo has loaned close to $37 billion to women, African American, Latino and Asian business owners since 1995. For more information, speak with a Wells Fargo banker, visit wellsfargo.com/biz or call the National Business Banking Center at 1-800-CALL-WELLS.

About the United States Hispanic Chamber of Commerce
Founded in 1979, the USHCC actively promotes the economic growth and development of Hispanic entrepreneurs and represents the interests of the 1.6 million Hispanic-owned businesses in the United States that generate more than $200 billion annually. It also serves as the umbrella organization for 200 local Hispanic chambers in the United States, Puerto Rico, Canada, Mexico, Bolivia and Uruguay