-

Wells Fargo & Company Announces Full Redemption of the Capital Securities Issued by CoreStates Capital II and CoreStates Capital III

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) and Wells Fargo Bank, National Association (the “Bank”) today announced that the Bank, as sponsor of the trusts listed below, has submitted redemption notices to the property trustee for the redemption of the capital securities listed below on June 30, 2025 (the “Redemption Date”). The redemption price for each security will be equal to 100% of the principal amount of the securities plus accumulated and unpaid distributions to, but excluding, the Redemption Date.

Trust

Security

Principal Amount

CUSIP*

CoreStates
Capital II

Floating
Rate Subordinated
Capital Income
Securities

$150,000,000
($1,000 per Security)

218694AA5

CoreStates
Capital III

Floating Rate Capital
Trust Pass-through
Securities

$300,000,000

($1,000 per Security)

21869MAA5

 

*The CUSIP numbers listed above are for information purposes only. Neither the Bank nor the property trustee for the securities will be responsible for the selection or use of these CUSIP numbers, nor is any representation made as to the correctness on any of the securities.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets. 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. 34 on Fortune’s 2024 rankings of America’s largest corporations.

Additional information may be found at www.wellsfargo.com
LinkedIn: https://www.linkedin.com/company/wellsfargo

News Release Category: WF-CFH

Contacts

Media
Beth Richek, 980-308-1568
beth.richek@wellsfargo.com

Investor Relations
Tanya Quinn, 415-396-7495
tanya.quinn@wellsfargo.com

Wells Fargo & Company

NYSE:WFC

Release Versions

Contacts

Media
Beth Richek, 980-308-1568
beth.richek@wellsfargo.com

Investor Relations
Tanya Quinn, 415-396-7495
tanya.quinn@wellsfargo.com

More News From Wells Fargo & Company

Wells Fargo Enters into Agreement to Sell Rail Equipment Assets

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced it has entered into a definitive agreement to sell the assets of the company’s rail equipment leasing business to a newly formed joint venture between GATX Corporation and Brookfield Infrastructure. The transaction is expected to close in Q1 2026 or sooner, subject to satisfaction of customary closing conditions. “This transaction is consistent with Wells Fargo’s ongoing strategy of simplifying our businesses...

Wells Fargo Confirms Termination of 2015 OCC Agreements

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today confirmed that the Office of the Comptroller of the Currency’s 2015 agreements relating to the company’s previously held financial subsidiaries have terminated. This is the thirteenth consent order closed by Wells Fargo’s regulators since 2019 and the seventh since the beginning of the year. The company’s one remaining consent order is the 2018 consent order with the Federal Reserve Board. About Wells Fargo Wells Fargo...

Wells Fargo to Present at the Bernstein Strategic Decisions Conference

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) said today that Chief Executive Officer Charlie Scharf will present at the Bernstein Strategic Decisions Conference on Wednesday, May 28, 2025 at 8:00 a.m. ET. The live webcast will be available online at https://www.wellsfargo.com/about/investor-relations/events. A replay of the webcast will be available for three months following the presentation. About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a leading financia...
Back to Newsroom