Wells Fargo Announces Artist-in-Residence to Join Efforts to Support Diverse- and Women-Owned Small Businesses

Rhea-AI Summary

Wells Fargo is enhancing support for diverse and women-owned small businesses by appointing Sophia Yeshi as its first artist-in-residence. Yeshi's inaugural project features a newly designed 'Open' sign, symbolizing resilience amidst pandemic challenges. The sign can be downloaded or picked up at Wells Fargo branches. This initiative is part of the bank's broader commitment, including a $420 million Open for Business Fund, aimed at providing financial assistance to small businesses affected by COVID-19. Yeshi's residency will last through December 2021, focusing on branding consultations for small business customers.

Positive

• Wells Fargo launched the Artist-in-Residence initiative to support diverse and women-owned small businesses.
• Sophia Yeshi's 'Open' sign symbolizes resilience of small business owners during the pandemic.
• The Open for Business Fund, valued at $420 million, helps financially impacted small businesses.

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• None.

Wells Fargo is expanding its existing efforts to support diverse- and women-owned small businesses by welcoming graphic designer and illustrator Sophia Yeshi as the bank’s first-ever artist-in-residence. For her first project as the Wells Fargo Artist in Residence, Yeshi reimagined the “Open” sign as a bold statement to symbolize the perseverance of millions of small business owners through the unprecedented challenges of the pandemic – as well as the long road ahead to full recovery. The new “Open” sign is available for download at wellsfargo.com/together and later this summer, small business owners can pick up a sign at any Wells Fargo branch while supplies last.

Open Sign (Photo: Wells Fargo)

The Artist-in-Residence initiative is part of Wells Fargo’s commitment to offer small business owners access and assistance to tools, guidance and resources – including financial grants and loans available from nonprofits via the Open for Business Fund. The fund is a roughly $420 million small business recovery effort for those hardest hit by the pandemic. A list of Open for Business Fund grant recipients is available here to help business owners connect to CDFIs and non-profits so they can explore new avenues to capital and support.

“I’m honored to continue working with Wells Fargo in their pursuit of sharing the stories of resilient small business owners, and making critical resources available to all small businesses as they recover from the pandemic,” said Yeshi. “It was very rewarding to shine a light on the stories of individual diverse small businesses as part of my recent collaboration with the bank. With the new “Open” sign I created for my first project as Artist in Residence, I’m excited to celebrate the passion and dedication of all small business owners as they begin a new chapter.”

The Artist-in-Residence initiative follows the bank’s recent collaboration with three artists including Yeshi, Deborah Lee and Gabriela Alemán – who created custom “Open” signs bringing to life the unique stories of diverse- and women-owned small businesses. These business owners, from traditionally marginalized and historically underrepresented communities, were disproportionately impacted by COVID-19 and their stories are part of the inspiration behind Yeshi’s new “Open” sign.

Yeshi is Wells Fargo’s first artist-in-residence, and her residency runs through December 2021. In addition to the creation of the new “Open” sign, Wells Fargo will tap into Yeshi’s unique style to influence the look and feel of internal campaigns and design assignments. Yeshi will also provide Wells Fargo small business customers with branding consultations as they reimagine their businesses in the months ahead. The Artist-in-Residence program is part of the company’s “We made a way. Together.” campaign, focused on helping entrepreneurs connect to resources and learn from peers about new ways to evolve their businesses.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets and proudly serves one in three U.S. households and more than 10% of all middle market companies and small businesses in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 30 on Fortune’s 2020 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health and a low-carbon economy. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Additional information may be found at www.wellsfargo.com | Twitter: @WellsFargo.

About Sophia Yeshi

Sophia Yeshi is a queer Black and South Asian illustrator and graphic designer based in Brooklyn, New York. She is a digital native that discovered Photoshop at 12 years old while growing up in Baltimore, Maryland. She created Yeshi Designs to shine a light on Black women, women of color, and folks in the LGBTQ+ community of all shapes and sizes that are bold, dynamic, and demand attention. Now, she creates culturally relevant work centered around topics she is passionate about like climate change, mental health, body positivity, and self-confidence.

News Release Category: WF-SB

View source version on businesswire.com: https://www.businesswire.com/news/home/20210630005935/en/

FAQ

What is Wells Fargo's Artist-in-Residence program for small businesses?

Wells Fargo's Artist-in-Residence program supports diverse and women-owned small businesses, with Sophia Yeshi as the first artist-in-residence. She aims to highlight small business resilience through art.

How much funding is available through Wells Fargo's Open for Business Fund?

Wells Fargo's Open for Business Fund is approximately $420 million, designed to assist small businesses severely affected by the COVID-19 pandemic.

What project did Sophia Yeshi create for Wells Fargo?

Sophia Yeshi reimagined the 'Open' sign to symbolize the perseverance of small business owners during the pandemic.

How long will Sophia Yeshi's residency at Wells Fargo last?

Sophia Yeshi's residency as Wells Fargo's artist-in-residence will continue through December 2021.

Where can small business owners obtain the new 'Open' sign designed by Yeshi?

The new 'Open' sign can be downloaded from Wells Fargo's website or picked up at any Wells Fargo branch while supplies last.