Under a series of settlements with Justice, SEC, IRS, Treasury's Office of the Comptroller of the Currency (OCC), and state attorney generals and New York State, Wells Fargo will repay around $185 million in ill-gotten gains and penalties.
The OCC today made public $14 million, or less than 10%, of the bank's total repayments, including $5 million to a Minneapolis hospital, $1.1 million to the Pennsylvania Higher Education Facilities Authority, $584,000 to North Wales borough in Montgomery County, $138,000 to Philadelphia for a "collateralized certificant of deposit" transaction, a total of at least $1.8 million to towns in northern and western Pennsylvania, and $42,000 to Crozer-Chester Medical Center, among others. (Updated with additional information from OCC)
In a statement, the bank said it was glad the investigation is settled, and summarized payments: "$8.9 million to the IRS; $46.075 million to the SEC, $34.518 million to the OCC; and an additional $58.75 million to the state Attorneys General. As previously disclosed, Wells Fargo has also resolved, subject to Court approval, related civil litigation pending in the U.S. District Court for the Southern District of New York for $37 million.