Wells Fargo: Company 'will fight' to earn back Ohio's business
Wells Fargo issued a statement in response to Ohio governor John Kasich's announcement: "Wells Fargo values the State of Ohio's business and will fight to earn it back. Wells Fargo manages its business with the State of Ohio in business lines that are separated from our retail bank: Wells Fargo Securities, which provides the state with access to U.S. capital markets, and Government & Institutional Banking, which specializes in commercial banking. Our retail bank operates one branch in Ohio. In the meantime, Wells Fargo will continue to serve our Ohio customers and be the same, committed community partner in the state. In 2015, we contributed $1.1M to nearly 145 Ohio nonprofits and schools and an additional $374,982 was donated to Ohio schools through Wells Fargo's team member matching grants program. Our Ohio team members contributed $176,750 through our annual Community Support and United Way Campaign. Our local team members also volunteered more than 17,000 hours."