Cape Fear Community College Receives a $5,000 Business Scholarship from Wells Fargo

Wells Fargo has awarded a grant in the amount of $5,000 to Cape Fear Community College for ten merit-based scholarships. The scholarships will be awarded in amounts of $500 to ten students who might not otherwise enroll or remain in college because of financial struggles.

This grant will help close the widening gap between the number of students in need of scholarships and the number of scholarships available to students pursuing careers in the business field. Scholarships will go to students enrolled in one of CFCC’s Business Programs or to students with a pre-major in Business Administration, Accounting, Economics, Finance or Marketing that plan to transfer to a four-year university after completion of the Associates of Arts degree at CFCC.  The partial scholarships will cover approximately 50 percent of the cost of tuition, books, and fees for one semester.

“We are pleased to make this grant to Cape Fear Community College,” said Randy Tomsic, market president for Wells Fargo in Wilmington.

“Wachovia has long been a supporter of education in coastal North Carolina. This grant demonstrates Wachovia’s and Wells Fargo’s ongoing commitment to the Cape Fear community as we move forward in our integration. We’re responsible for being leaders to promote the long-term economic prosperity and quality of life for everyone in our communities. If they prosper, so do we,” Tomsic said.

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.2 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com and wachovia.com), and other distribution channels across North America and internationally. The Company promotes economic growth and self-sufficiency, education, social services, the arts and the environment in thousands of communities. In 2009, the Company gave $202 million in grants to 18,000 nonprofits, and team members contributed more than 1.23 million volunteer hours around the country. For more about Wells Fargo’s achievements in Social Responsibility: www.wellsfargo.com/about/csr.

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