Wells Fargo Middle Market Banking Expands to El Paso

EL PASO — Continuing to invest in new resources for U.S. middle market companies, Wells Fargo announced today that it has chosen El Paso as home for a new Middle Market Banking office. El Paso is the latest addition to the bank’s national network of regional commercial lending offices that now totals more than 120 across the U.S. and Canada.

Vanessa Barreda-Ramirez has been promoted to lead the West Texas location, advancing the bank’s community-based approach to serving privately held, middle-market companies with revenues of $20 million and above. Barreda-Ramirez, an 18-year El Paso banker, will help Wells Fargo continue its double-digit, year-over-year commercial lending growth in the Southwest. She most recently was a senior relationship manager for Wells Fargo’s Business Banking Office in El Paso, serving companies with revenues of $5 million to $20 million.

“At a time when some banks are pulling back across the state, Wells Fargo is pushing forward, adding offices, and hiring talented bankers to serve Texas companies,” said Guido Kemp, Wells Fargo Middle Market Banking manager for New Mexico and West Texas. “Our strength and stability allow us to invest in communities where middle market companies continue to power the local economy.”With the expansion to El Paso, Texas is now home to a total of eight Wells Fargo Middle Market Banking offices, including three regional offices in Dallas/Fort Worth, three in Houston, and one each in San Antonio and Austin. 

“The El Paso market has been a good market for us, and we continue to deepen our relationships with great companies in the area,” Barreda-Ramirez said. “I am honored by the number of businesses that entrust us to meet all of their financial needs each and every day.”

Before joining Wells Fargo in 2015, Barreda-Ramirez held positions at JP Morgan Chase in El Paso. She earned a bachelor’s degree in business administration and an MBA in finance from University of Texas, El Paso.

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 $1 billion-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 http://wholesalebanking.wf.com/cmbg-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 8,300 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 263,000 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.