Wells Fargo 2013 Annual Report Download - page 27

“This will give our children a
place to run around and just
enjoy their new life.”
U.S. Navy veteran Deramichaelous Daniels and his
family have a new home in the Atlanta area, thanks in
part to a property donated by WellsFargo. “Everything
lately has felt like such an uphill battle, and this is the
best news that we’vehad since I left the Navy,” he said.
Those who serve in uniform sometimes face challenges 
upon returning home, including navigating the
complexities of managing credit. Eorts like the one
organized by SERKET Racing, WellsFargo, and the
nonprofit Operation Homefront are helping. 
“Too many of our veterans are struggling to make
endsmeet,” said Mark Llano, who founded the SERKET
Racing team and is also the team’s driver. Llano’s
company, Source One Distributors,Inc., is a WellsFargo
Capital Finance customer. SERKET Racing joined
with the military nonprofit Operation Homefront and
WellsFargo in2013 to award homes to veterans at
threerace events.
“This will provide us with such an amazing opportunity
and will give our children a place to run around and just
enjoy their new life,” said Daniels. “Wehave discussed
owning a home since getting married.”
All told, WellsFargo made 86 home donations to veterans
in 2013 through nonprofits like Operation Homefront.
It’s a model of success: Each veteran who receives a
home lives there for a trial period— paying no rent or
mortgage— but is required to attend financial education
courses. At the end of the trial period, the veteran
receives the deed to the home freeandclear.
In 2012, WellsFargo committed $35million to military
service members and veterans, including $30million in
real estate owned property donations committed over
three years to qualifying nonprofits that serve military
service members and veterans.
Deramichaelous and Mistie Daniels with children | Marietta, Georgia
Mark Llano | Atlanta, Georgia
