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Wells Fargo Promotes Abigail Matia to Lead Mid-Atlantic Middle Market Banking

06/05/2018
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Company expands its strong female leadership with 25-year commercial banking veteran

WASHINGTON, D.C. – Wells Fargo Middle Market Banking announced today that it has promoted Abigail (Abby) Matia to lead its commercial lending operations for the Mid-Atlantic Region, including Virginia, Maryland, West Virginia, and the District of Columbia.

Taking the reins of a growing Wells Fargo middle market region, Matia now leads seven seasoned banking teams in Baltimore; Bethesda, Maryland; Richmond, Roanoke, Norfolk, and McLean, Virginia; and the District of Columbia. Her 99 team members provide credit, treasury management, and deposit products to companies with revenues of $20 million and above. These commercial banking experts deliver a localized lending approach to some of the region’s largest and most-recognizable companies in agriculture, energy, government, manufacturing, wholesale, retail, distribution, port-related businesses, and technology, among other industries.

“As an experienced commercial banker who has worked in the Mid-Atlantic for 17 years, Abby has a great track record in helping middle market companies succeed financially,” said John Manning, head of Wells Fargo Middle Marking Banking in the Eastern U.S. “She will continue our success in this thriving market, leading with integrity, diligence, and commitment to serving our clients and communities.”

Middle-market companies (defined by Wells Fargo as having annual sales between $20 million and approximately $1 billion) 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.

Matia began her banking career in 1993 as a commercial management associate with Wells Fargo in Winston-Salem, North Carolina. Upon completion of the Commercial Banking Training Program, she moved to Greensboro, North Carolina, where she served as a relationship manager for three years. Matia returned to Virginia following Wachovia’s acquisition of Central Fidelity Bank in 1998. She most recently served as the senior credit officer for Wells Fargo Middle Market Banking’s Southeast and Mid-South regions, covering nine states. In 2017, Matia joined Wells Fargo’s Middle Market Banking Loan Supervisor National Executive Advisory Board.

The native of Baltimore graduated from Washington and Lee University and holds a bachelor’s degree in economics and psychology.

Nearly 700 Wells Fargo team members live, work, and support customers in Washington. They also volunteered 2,400 hours in 2017. Wells Fargo donated nearly $1.7 million to 205 nonprofits and schools in the District through corporate and foundation giving, including: community development ($833,000), education, including K-12 ($352,000), community development ($404,500), and post-secondary and PreK-12 education ($538,600).

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 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.

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.

*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.
Media Contact Dana C. Obrist, 980-307-9583 dana.c.obrist@wellsfargo.com http://www.twitter.com/DanaObristWF

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