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TMCNet:  Wells Fargo Launches ApprenticeshipUSA Program for Veterans

[May 18, 2017]

Wells Fargo Launches ApprenticeshipUSA Program for Veterans

In honor of National Military Appreciation Month, Wells Fargo & Company (NYSE:WFC) today announced it has launched its ApprenticeshipUSA program for veterans. A Department of Labor program, ApprenticeshipUSA offers companies the tools needed to develop a highly skilled workforce and provides veterans the opportunity to earn a salary while learning additional skills necessary to succeed in high-demand civilian careers. In addition to ApprenticeshipUSA, Wells Fargo (News - Alert) offers other veteran career transition initiatives, including the Veteran Employment Transition (VET) Internship Program, American Corporate Partners mentorships, and scholarships and emergency grants through Scholarship America.

"Our commitment to hiring veterans remains a top priority for Wells Fargo," said Carly Sanchez, EVP, head of Talent Acquisition Strategy & Delivery at Wells Fargo. "The ApprenticeshipUSA program is an excellent resource for us to attract and retain eligible veterans who have strong leadership competencies and other skills, but may not have strong financial industry knowledge."

ApprenticeshipUSA allows eligible veterans to use their GI Bill education benefits to receive a tax-free onthly payment. The Post-9/11 GI Bill payment is the equivalent of the Monthly Housing Allowance (MHA) of an enlisted rank five (E-5) with dependents (varies by employer location). It is paid by the government in addition to the wages earned as an apprentice and veterans receive a payment for every month of their apprenticeship. After six months of a veteran's apprenticeship, the payment is gradually reduced - and is offset by progressive wage increases.

The ApprenticeshipUSA Program will be piloted in the company's Community Bank, Consumer Lending, and Payments, Virtual Solutions and Innovation divisions. For more information about the pilot and where to apply, please visit: https://www.wellsfargojobs.com/military

Additional Wells Fargo Career Transition Programs for Veterans

Veteran Employment Transition (VET) Internship Program

Wells Fargo launched its VET Internship Program focused on supporting and training transitioning veterans for opportunities within the financial industry. In 2016, Wells Fargo Securities, the company's investment banking and capital markets division, led the pilot program of 8 with such success that the program has expanded to multiple divisions of the bank. Wells Fargo showed great success in expansion efforts, hiring a class of 44 in 2017. Please visit the website (myfuture.wf.com/veteran) for more information on our 2018 program.

Scholarship America

In 2016, Wells Fargo committed $2 million over a four year period to Scholarship America to fund scholarships and emergency grants for veterans and their families to successfully integrate into civilian life. To date, Wells Fargo and Scholarship America have awarded 22 scholarships and 25 emergency grants to support education and vocational training for veterans and the spouses of disabled veterans.

American Corporate Partners

American Corporate Partners (ACP) is a national nonprofit focused on assisting returning veterans in building their next careers through one-on-one mentorship and professional networking opportunities. ACP Mentors and veteran Protégés meet virtually or in-person for approximately one hour per month over the course of one year to discuss career development topics such as résumé review, interview preparation and career advancement. Since 2012, Wells Fargo team members nationwide have mentored 300 ACP veterans. For more information, please visit ACP's website (acp-usa.org)

More information about Wells Fargo's support of service members, veterans, and their families is available at wellsfargo.com/military/veterans.

About Wells Fargo

Wells Fargo & Company (NYSE:WFC) is a diversified, community-based financial services company with $2.0 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 8,500 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 273,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 27 on Fortune's 2016 rankings of America's largest corporations. Wells Fargo's vision is to satisfy our customers' financial needs and help them succeed financially. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.


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