Wells Fargo & Company announced that James K. Vargo has joined its growing Commercial Banking team in Chicago. In his new role as senior vice president and business development officer, he will work with middle market companies, those with at least $20 million in annual revenue. Most recently, Vargo served as chief financial officer (CFO) and treasurer for Home Direct USA in Hillside, Ill., from 2005 to 2013. He was CFO for The Bekins Company, also in Hillside, from 2002 to 2005.

Mr. McCarthy, 55, has accepted an executive position with Wells Fargo.

Wells Fargo & Company announced dividends on five series of preferred stock. A quarterly cash dividend of $20.00 per share was declared on its 8.00% non-cumulative perpetual class A preferred stock, Series J, liquidation preference $1,000 per share. The Series J dividend is payable on June 17, 2013, to holders of record as of the close of business on May 31, 2013. A quarterly cash dividend of $18.75 per share was declared on its 7.50% non-cumulative perpetual convertible class A preferred stock, Series L, liquidation preference $1,000 per share. The Series L dividend is payable on June 17, 2013, to holders of record as of the close of business on May 31, 2013. A quarterly cash dividend of $325.00 per share was declared on its 5.20% non-cumulative perpetual class A preferred stock, Series N, liquidation preference $25,000 per share. This dividend equals $0.325 per depositary share, each representing a 1/1,000th interest in a share of Series N preferred stock. The Series N dividend is payable on June 17, 2013, to holders of record as of the close of business on May 31, 2013. A quarterly cash dividend of $320.31 per share was declared on its 5.125% non-cumulative perpetual class A preferred stock, Series O, liquidation preference $25,000 per share. This dividend equals $0.32031 per depositary share, each representing a 1/1,000th interest in a share of Series O preferred stock. The Series O dividend is payable on June 17, 2013, to holders of record as of the close of business on May 31, 2013. A quarterly cash dividend of $306.25 per share was declared on its 5.25% non-cumulative perpetual class A preferred stock, Series P, liquidation preference $25,000 per share. This dividend equals $0.30625 per depositary share, each representing a 1/1,000th interest in a share of Series P preferred stock. The Series P dividend is payable on June 17, 2013, to holders of record as of the close of business on May 31, 2013.