Wells Fargo 2009 Annual Report Download - page 18

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
In mid-2008, the city of LosAngeles decided to do business with both
Wachovia and WellsFargo. Months later, the two companies announced
their agreement to merge. The city asked: How can you work together
to help us? Corrie Bowman of Wachovia, Lynn Love of WellsFargo and
dozens of team members seized the opportunity to work together to help
the city. Result: a revolution in the city’s cash-management systems and
other changes that have saved the city $5.5million (and counting), in part
by eliminating a decades-old general ledger that still required hand-entered
deposit records. “From day one, we put the customer fi rst and we delivered
as one team,” Love said.
Saved for L. A. –
$5.5million
The vision that works
“From day one, we put the
customer fi rst and we
delivered as one team.”
Corrie Bowman and Lynn Love
Team Members, Los Angeles, California