Wells Fargo & Company (NYSE: WFC) said it has refinanced $54 million for Valley Christian Schools – known for its Microlab experiments aboard the International Space Station – and providing capital funds enhancing the San Jose educational institution’s continued growth.
The refinancing provided a non-tax exempt funding solution with more favorable terms for funding to allow increased enrollment. The school expanded Skyway Campus by almost 55,000 square feet, including a Conservatory of the Arts. The financing also provided capital to support Valley Christian High School to expand the scope of academic offerings to include cancer research in a Bio2 Safety Lab and an increase in the number of experiments involving nanotechnology and molecular research with recently acquired Atomic Force Microscopes.
“Wells Fargo’s innovative capital investments strategy allowed Valley Christian to develop the Applied Math, Science and Engineering Institute which includes many innovations including experiments on the International Station,” said Dr. Clifford Daugherty, Valley Christian Schools President.
“We are pleased to partner with Valley Christian Schools as they continue to grow and enhance their programs and offerings in the San Jose community,” said Margot Golding, the San Francisco-based executive vice president for Wells Fargo’s Education and Nonprofit Banking group, which offers a wide range of customized public finance solutions for capital improvement and a full line of banking products geared toward educational institutions. “The schools’ strong foundation provides a nurturing environment for quality education, helping shape students who positively impact their communities.”
An integral part of the California community, the Valley Christian High School marching band has partnered with a marching band from Beijing, China to perform as the East-West Fusion Band in the upcoming Rose Parade, a first in the parade’s history. Wells Fargo’s iconic Stagecoach will also be a part of the 124th Rose Parade, taking place on Tuesday, January 1, 2013 in Pasadena.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.4 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com), and has offices in more than 35 countries to support the bank’s customers who conduct business in the global economy. With more than 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2012 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.
About Valley Christian Schools:
Valley Christian Schools (VCS) is a private, K-12 Christian school system with an enrollment that exceeds 2,400, located in the heart of Silicon Valley in San Jose, California. Valley Christian Schools provides rigorous college preparatory programs while offering a K-12 comprehensive education. VCS challenges students to aspire toward lives of character, service, and influence while pursuing their individual Quest for Excellence™ through A3 - Academic Achievement, Artistic Beauty, and Athletic Distinction.