Chuck Schwab had a successful heart valve replacement surgery last Friday, Schwab officials said in a statement Monday morning.

"He is resting comfortably and recuperating well from the surgery and expects to return home in the next few days," read the statement.

The 73-year-old serves as chairman of Charles Schwab Corp., which he founded in 1971.

Company Statement

Charles Schwab Corporation Company Statement

SAN FRANCISCO--Charles Schwab Corporation CEO and President Walt Bettinger today release the following statement.

"Chairman Charles R. Schwab underwent successful heart valve replacement surgery on Friday December 24th. He is resting comfortably and recuperating well from the surgery and expects to return home in the next few days. Everyone at Schwab wishes him well for a speedy recovery."

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 300 offices and 8.0 million client brokerage accounts, 1.5 million corporate retirement plan participants, 681,000 banking accounts, and $1.5 trillion in client assets. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, www.sipc.org), and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through Schwab Advisor Services. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides banking and mortgage services and products. More information is available at www.schwab.com and www.aboutschwab.com.

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