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2007 Community Reinvestment Act; CONNECTING IN MINNESOTA

2007 Community Reinvestment Act; CONNECTING IN MINNESOTA

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Wells Fargo supported more than 1,000 Minnesota non-profit organizations and local schools by providing $10.8 million in contributions during 2006.
Wells Fargo supported more than 1,000 Minnesota non-profit organizations and local schools by providing $10.8 million in contributions during 2006.

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Categories:Types, Business/Law
Published by: Lisa Stinocher OHanlon on Nov 14, 2013
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A multifaceted relationship that serves more Minnesotans every year 2Building a foundation for a stronger community in Rochester 4Educating homebuyers before, during and after the sale 6Supporting some of Minnesota’s newest entrepreneurs 8Multiple relationships build Habitat for Humanity homes across the state 10 Turning bad luck around for a family farm 12Using email to as a teaching tool — and learning something at the same time 14Consolidating care to improve mental health services in Rochester 162006 list of community donations 18Supporting our volunteers 25 Page
WorthingtonBlueEarthAlbertLeaDodgeCenterAustinStewartvilleRochesterWinonaWasecaOwatonnaMankatoNorth MankatoMarshallNew UlmFaribaultRedWingHastingsMinneapolis/St.PaulNorthfieldNew PragueHutchinsonDasselBuffaloLitchfieldWillmarMonticelloForestLakeSt.CloudCambridgeSaukRapidsSartellAlexandriaFergusFallsBrainerdIrontonCloquetCarltonDuluthBaxterPequotLakesPelican RapidsRothsayBarnesvilleMoorheadDetroitLakesGrandRapidsTwo HarborsSilverBayHibbingBemidjiBlackduckEvelethVirginiaHoytLakesElyLittleforkThief RiverFallsBaudetteInternational Falls
 Table of Contents
Wells Fargo is Minnesota’s second largest private employer. With more than 21,000 team members across the state, we provide financial services from 245 stores in 105 Minnesota communities.
At Wells Fargo—it’s our business to help meet the diverse financial services needs of individuals, families, business owners and farmers. As Minnesota’s largest financial institution, we provide the full realm of financial solutions, including banking, insurance, investments, mortgage loans and consumer finance. Additionally, Wells Fargo encourages its team members to connect in their local communities to ensure our state continues to grow and prosper. “Connecting in Minnesota” provides a glimpse into the investments we made in Minnesota in 2006. Every year, we choose a few representative stories to show you the ways in which we help Minnesota organizations and individuals make a difference in their communities. This year, you will read about several non-profit organizations that have been helping Minnesotans for years — and that Wells Fargo has been instrumental in supporting since their inception. New ideas, dedicated people and constant innovation have made organizations such as First Homes and Project for Pride in Living (PPL) successful in their missions. Wells Fargo is proud to continue support of these organizations and others like them. Each story illustrates the service and commitment of Wells Fargo team members working together to enhance the investments we make in our communities by strengthening relationships and accessing the full range of expertise and resources we have to share.
 
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1
2006 Contributions
$10.8 Million in Total Contributions
United Way16%Education17%Social Services 21%Arts & Culture8%Housing & Shelter9%Economic Development & Civic14%Community Support & Sponsorship15%
 
In 2006, Wells Fargo supported affordable housing and economic development projects throughout Minnesota with more than $36 million in loans and $21 million in investments.
L.: Steve Cramer executive director of PPLR.: Debra Paterson, regional president for Wells Fargo, Metro Minnesota
2Wells Fargo is a longtime supporter of Project for Pride in Living (PPL)’s mission to assist low-income individuals and families to work toward self-sufficiency by providing housing, jobs and training. Every year, new aspects of this exceptionally strong partnership grow and develop, from capital gifts to major investments to team member volunteer involvement to sponsorship of fundraising events. “They’re a fabulous organization that helps thousands of people every year,” said Debra Paterson, regional presi-dent for Wells Fargo Metro Minnesota and member of the PPL board. The Wells Fargo Foundation made a major contribution to PPL’s 2006 capital campaign in addition to the annual support PPL receives to pilot new programs every year. “PPL is always working to find new ways to help the people they serve, and we help them test new strategies and initiatives,” said Carolyn Roby of the Wells Fargo Foundation. In 2006, Wells Fargo’s Community Development & Specialized Lending team also worked with PPL to develop an EQ2 loan with equity equivalent to a $1 million line of credit to support PPL’s large con-struction projects. “Having the patient, long-term capital of the EQ2 makes it possible for us to spread our wings,” said Steve Cramer, executive director of PPL. Additionally, Pat Gleason, home mortgage consultant, works with PPL on the financing for their affordable condominium projects. The business banking team also assists PPL in efficiently managing their cash to ensure financial success.
A multifaceted relationship that serves more Minnesotans every year.
Clockwise from upper left: Dan Smith, assistant vice president, Community Development LendingDarin Zielsdorf, vice president and manager, Business BankingPat Gleason, home mortgage consultant
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