HOUSTON – Wells Fargo (NYSE: WFC) today announced that 35-year banking veteran Sylvia Maggio has been named to lead its Austin, Texas, Middle Market Banking team as senior vice president and regional manager. Maggio replaces longtime market leader Mark Metcalfe, who accepted a leadership role within the bank’s Business Banking Group.

Maggio now oversees Wells Fargo’s local Middle Market Banking operations in Austin and Central Texas, providing credit, treasury management, and deposit products to mid-market companies with revenues of $20 million and higher. She leads a team of commercial banking experts that delivers a localized lending approach, providing more than 80 Wholesale Banking services to some of the area’s largest and most-recognizable companies in agriculture, energy, manufacturing, wholesale, retail, distribution, and technology industries.

“Sylvia has a long history of building trust and helping local Middle Market companies succeed,” said Jonathan Homeyer, North Texas division manager for Wells Fargo Middle Market Banking. “Her expertise, integrity, and diligence will ensure that the momentum Mark has built serving Central Texas businesses continues.”

Middle-market companies drive the U.S. economy as an important engine of job creation. More than 200,000 companies — mostly privately held — generate more than $10 trillion in annual revenues. In Texas, mid-market companies generate more than $500 billion in annual revenue.

Maggio is returning to Wells Fargo after leading the local commercial banking team at BBVA Compass. Before that, she worked for more than eight years at Wachovia Bank in Austin through its acquisition by Wells Fargo, building a commercial lending practice in Austin. From 1984 to 2003, Maggio held leadership roles in Business Banking and Commercial Banking at Bank of America.

Maggio graduated summa cum laude with a bachelor’s degree in economics from Texas Tech University in Lubbock, Texas. She also attended the University of Oklahoma’s Graduate School of Banking in Norman, Oklahoma. Maggio serves on the Thinkery Children’s Museum advisory board, and has volunteered on the Hospice Austin and Breakthrough Austin fundraising committees.

Like Maggio, nearly 20,000 Wells Fargo team members live, work, and support customers and the community in Texas. In 2017, they also volunteered 160,149 hours and donated nearly $4 million in communities statewide. Wells Fargo donated more than $13 million to Texas nonprofits and schools that same year, including nearly $5.7 million for community development, financial literacy, housing, and small business projects.

About Wells Fargo Middle Market Banking

Wells Fargo is No. 1 in total middle market banking share in the U.S. and has the most primary banking relationships with middle market companies with $25 million to $500 million in annual sales.* With 140 offices in 38 states and four Canadian provinces, Wells Fargo Middle Market Banking provides local service and decision-making for businesses with $20 million to $500 million-plus in annual sales. Asset-based lending, traditional secured loans, and capital markets provide access to working capital for day-to-day operations and growth. Expertise and services are available to specialty industries, including technology, food and agribusiness, healthcare, government, higher education, clean technology, and environmental services. Watch stories about successful middle market companies at Wells Fargo Commercial Banking Success Stories.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investments, mortgage, and consumer and commercial finance through more than 8,200 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune’s 2017 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

*Barlow Research Middle Market Rolling 8 Quarter Data 1Q2016-4Q2017 showing Wells Fargo's competitive market performance among companies with $25MM-<$500MM in sales for both primary bank market share and total market share (primary + up to 3 additional banks used). Deposit products offered by Wells Fargo Bank, N.A. Member FDIC.