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Wells Fargo & Company Annual Report 2008

Together we’ll go far

© 2009 Wells Fargo & Company. All rights reserved.

Wells Fargo & Company

The 281,000 team members o Wells Fargo& Company (NYSE:WFC) —a nationwide,diversifed fnancial services company —serve70 million customers through North America’smost extensive fnancial services network:11,000 stores, 12,300 ATMs, wellsargo.comand

Wells Fargo Phone Bank

.

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We’re #1 in the U.S. in community bankingpresence (6,610 stores), mortgage originations,small business lending, middle marketcommercial banking, agricultural lending,commercial real estate lending, commercialreal estate brokerage and bank-ownedinsurance brokerage. We’re #2 in deposits,home mortgage servicing, and debit card.

Wells Fargo Bank, N.A. has the highestcredit rating currently given to U.S. banksby Moody’s Investors Service, “Aa1,” andStandard & Poor’s Ratings Services, “AA+.”Assets:

$1.3 trillion

Market value of stock:

$125 billion (12/31/08)1st among U.S. peers

Community Banking

6,610 stores in 39 states and D.C.

Wachovia Securities

1,175 stores in 50 states and D.C.

Commercial Banking

165 Regional CommercialBanking Oces in 35 states

Wells Fargo Financial

931 stores in 48 states, Canada,Puerto Rico, Pacifc Rim

Wells Fargo Home Mortgage

916* stores in 50 states and D.C.

The Private Bank

78 oces in 24 states

* Includes 123 Wachovia mortgage stores.

WellsFargoacrossNorthAmerica:ourstores

North America’s most extensive distribution system or fnancial services

Coast to coast and border to border, we serve our customerswhen, where and how they want to be served so we can satisy all their fnancial needs and help them succeed fnancially —through our11,000 stores, 12,300 ATMs, wellsargo.com and

Wells Fargo Phone Bank.

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2To our owners10Together we’ll go far

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24A “culture of caring” for our communities31Board of Directors33Financial Review84Controls and Procedures86Financial Statements164Report of Independent Registered Public Accounting Firm167Stock Performance

In a time o great uncertainty, we’re more certainthan ever. In a time when confidence is tested, we’remore confident than ever. Confident in our vision.Confident in our values. Confident that our talentedteam members know how to satisy all our customers’financial needs and help them succeed financially.Now, more than ever, we recommit to what has made usone o the strongest financial services companies in theworld — with the highest credit rating currently givento any U.S. bank. We’re confident that we’ll continueto do what’s best or our team members, customers,communities and shareholders.

Together we’ll go ar

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