26-year industry vet and Monterey resident has served area businesses since 2010
MONTEREY, CALIFORNIA — Wells Fargo (NYSE: WFC) today announced that 26-year banking veteran Marci Davis has been promoted to Central Coast Middle Market Banking regional manager. She succeeds Barbara White Thompson, who became head of the company’s Business Risk Management Group.
Davis, a senior vice president, now leads a local team of a dozen commercial banking experts who provide credit, treasury management, and deposit products to middle market companies with annual revenues of $20 million and higher. The group provides local relationship managers with access to local credit decision-making authority to some of Central Coast’s largest and most-recognizable companies in food, beverage, agriculture, energy, manufacturing, wholesale, retail, distribution, and technology.
“Marci understands the diverse needs of Central Coast middle market companies and has spent more than two decades building trust and helping local businesses succeed,” said Steven Sloan, Northern California Division manager for Wells Fargo Middle Market Banking. “Her expertise, integrity, and diligence will ensure that the momentum we have built for many years serving local 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. California ranks among the top 10 states for middle market firms’ headquarters and is home to more than 21,000 middle market businesses, according to the National Center for the Middle Market. Wells Fargo, which has provided local commercial banking expertise and lending in California for more than a century, has 24 commercial lending offices statewide.
Based at Wells Fargo’s Monterey commercial lending office, Davis brings more than two decades of finance and relationship management experience to her new role. She started her career as a bank examiner with the Federal Deposit Insurance Corporation before working with Bank of America commercial banking in California’s Central Valley. In 2005, Davis accepted a senior relationship manager role at Wells Fargo, holding positions in its Business Banking and Wealth Management Groups. She joined the Central Coast Middle Market Banking regional commercial banking office in 2010 as a portfolio manager. Most recently, Davis served as the office’s loan team manager.
A native of California’s Central Valley, Davis earned a bachelor’s degree in finance from California State University, Stanislaus.
She lives in Carmel, California, and is among more than 43,000 Wells Fargo employees who live, work, and support customers and communities in California. In 2017, the company’s Golden State employees volunteered more than 250,000 hours and donated nearly $55.6 million in communities statewide. Wells Fargo donated more than $55.6 million to California nonprofits and schools that same year, including more than $21.5 million for community development, financial literacy, housing, and small business projects.
In 2017, Wells Fargo served Central Coast customers and communities through philanthropic investing of more than $2.1 million to 179 local nonprofits and schools through corporate and foundation giving, including $896,780 for community development project. Wells Fargo offers financial services to Monterey customers including banking, investments, mortgage, and consumer and commercial finance. More than 1,500 Wells Fargo team members live and work in Central Coast communities.
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.
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