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Asian Pacific Islander Small Business Program Receives $100,000 from Wells Fargo

Despite continuing challenges in the economy, the Asian Pacific Islander Small Business Program (API SBP) received a $100,000 donation from the Wells Fargo Foundation as part of the company's ongoing commitment to support the Asian Pacific Islander business community in Greater Los Angeles.

Photo Caption: Rick Lam (second from left), Wells Fargo California Business Banking vice president, and Roy Jasso (third from right), Wells Fargo Community Development representative, present a $100,000 check to API SBP board members - all whom are executive directors of their respective organizations, including:  Chanchanit Martorell (center), Thai Community Development Center; Bill Watanabe (left), Little Tokyo Service Center; and Johng Ho Song (second from right) and Byron Shinyama (right), both from the Koreatown Youth & Community Center.  Members of the API SBP, a collaborative of the five community organizations, received the $100,000 donation at a board meeting in Los Angeles on Apr. 20.  Also pictured is Ron Fong (third from left), the newly appointed API SBP director.

About the Asian Pacific Islander Small Business Program
Formed in 1999, API SBP is a collaborative of five community organizations, the Chinatown Service Center, Koreatown Youth & Community Center, Little Tokyo Service Center CDC, Search to Involve Pilipino Americans, and Thai Community Development Center.  Its partners have shared more than 140 years of service between them, are well known and respected for the quality of their work, the impact of their services and their standing in the community.   API SBP assisted 3500 entrepreneurs in 2009. The organization is partially funded by the U.S. Small Business Administration and does not charge clients for its counseling services.

About Wells Fargo
Wells Fargo & Company is a diversified financial services company with $1.2 trillion in assets, providing banking, insurance, investments, mortgage and consumer finance through more than 10,000 stores and 12,000 ATMs and the internet (wellsfargo.com) 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 across North America. In 2009, the Company gave $202 million in grants to 18,000 nonprofits. The merger of Wells Fargo and Wachovia makes our presence twice as strong in the communities we serve. For more about Wells Fargo's achievements in Social Responsibility: www.wellsfargo.com/about/csr.