Hundreds of community members, workers, and even some shareholders disrupted the Annual Shareholders Meeting of Wells Fargo held in San Francisco on May 3rd, 2011. The protesters demanded "an immediate foreclosure moratorium". Unlike other big banks, Wells Fargo has yet to change it's foreclosure procedures, the protesters charged in a press release. More than two years into the government's Home Affordable Modification Program, Wells Fargo has agreed to modify only 22 percent (77,402 out of 350,169) of it's loans which qualify for the program.

The protest began with hundreds gathering for a short rally at Justin Herman Plaza at the Embarcadero in San Francisco at 11:30 am. Then they received marching instructions from Miss Shirley of Oakland ACCE (Alliance of Californians for Community Empowerment). They marched from the Embarcadero, up Market Street, to the Merchants Exchange Building on California Street where Wells Fargo was holding it's meeting and rallied there. Among the speakers was Betty Olson-Jones, President of the Oakland Education Association (OEA), who said that she, as a shareholder, was about to go inside to bring the protesters' demands into the meeting. She announced other shareholders inside who would support her. Subsequently, the proceedings of the Annual Shareholders Meeting were delayed and disrupted for about an hour, according to Bill Chorneau, Spokesperson for Oakland ACCE. Meanwhile, hundreds of protesters formed a picket line outside the building and chanted loudly, urged on by a powerful sound system. The picket line extended the entire length of the 400 block of California Street.

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