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Wells Fargo Bank Increases Prime Rate to 8.25 Percent

Business Wire
·1-min read

SAN FRANCISCO, May 03, 2023--(BUSINESS WIRE)--Wells Fargo Bank, N.A., said today it is increasing its prime rate to 8.25 percent from 8.00 percent, effective tomorrow, May 4, 2023.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230503005975/en/

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.

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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/20230503005975/en/

Contacts

Media
Beth Richek, 704-374-2545
beth.richek@wellsfargo.com

Investor Relations
John Campbell, 415-396-0523
john.m.campbell@wellsfargo.com