Wells Fargo announces $2 billion loan commitment to California small businesses for 1995.

SAN FRANCISCO--(BUSINESS WIRE)--March 7, 1995--Wells Fargo Bank announced Tuesday a $2 billion loan commitment to small businesses in California by the end of the year.

In making the announcement, the bank said that during the 18 months beginning June 1993, it committed $2 billion to small

"We worked hard to surpass our lending goal of $2 billion for California," said Terri Dial, executive vice president of the Business Banking Group. "Now we are coming back with a promise to do it again, but in 12 months not 18 months."

"No bank has ever met small business lending goals of this size," said Dial. "We are pleased with our record of achievement.

"It's important to me that small businesses know that we are just as willing to make the $5,000 loan as we are to make the $500,000 loan," said Dial. -0-

Wells Fargo Bank

Business Banking Group's $2 Billion Goal for 1995

Geographic Markets: $$$ Allocated

1. Alameda County $ 180 million 2. Contra Costa County $ 75 million 3. Fresno/Visalia

$ 75 million 4. Kern County

$ 35 million 5. Los Angeles

$ 550 million 6. Marin County

$ 35 million 7. Monterey/Santa Cruz

$ 50 million 8. Napa/Sonoma/Solano $ 45 million 9. North Coast $ 10 million 10. Orange County $ 175 million 11. Sacramento, Chico, Redding $ 140 million 12. San Bernardino/Riverside

$ 100 million 13. San Diego $ 140 million 14. San Francisco $ 175 million 15. San Joaquin County $ 35 million 16. San Jose

$ 160 million 17. Santa Barbara/San Luis Obispo

$ 20 million

CONTACT: Wells Fargo Bank, San Francisco

Daphne Larkin, 415/396-3606