Business adds four new regions; announces new national industry group
In a move to further strengthen its capabilities and local market
presence, Wells Fargo’s Business Banking Group (BBG), part of Wells
Fargo & Company (NYSE: WFC), announced today it has moved from
three to seven regions, with a banking leader appointed for each. With
the new geographic presence, Wells Fargo can provide its Business
Banking customers with more localized support and market expertise. In
order to best serve customers in specific industries, BBG also
established a new National Specialty Industry Group, which will focus on
serving Business Banking customers in select industries, including
Investment Real Estate and Food and Agriculture. The team will also
partner with other Wells Fargo businesses that are serving customers in
similar industries.
Serving more than 100,000 businesses across the U.S. with annual sales
generally from $5 million to $20 million, BBG provides a range of
services, including credit, cash management, risk management,
succession, and wealth management.
“We created the new regional structure and established the specialized
industry group to be closer to our Business Banking customers and
continue to provide them with the financial services, products, and
advice they need to manage risk, maximize efficiency and grow their
business,” said Laura Oberst, head of Wells Fargo’s Business Banking
Group. “This is an important and growing segment for Wells Fargo, and we
want to ensure we are best positioned to serve the needs of our
customers.”
The new structure now includes the East, Midwest, Mountain, Northeast,
Pacific Northwest, SoCal Nevada and Southwest regions.
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East Region is led by Lucia DiNapoli Gibbons, a 15-year
company veteran. Based in Summit, N.J., Gibbons oversees Business
Banking operations in D.C., Maryland, Virginia, North Carolina, South
Carolina, Tennessee, Georgia, Alabama, Mississippi and Florida. Prior
to her current role, Gibbons was the Business Banking manager of the
former Eastern region.
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Midwest Region is led by Tim Billerbeck, a 27 -year
company veteran. Based in Des Moines, Iowa, Billerbeck oversees
Business Banking operations in Illinois, Indiana, Iowa, Michigan,
Minnesota, Nebraska, North Dakota, South Dakota and Wisconsin. Prior
to his current role, Billerbeck was division manager for the Wells
Fargo Middle Market Banking Beverage Finance Division and region sales
manager for the Middle Market Banking south region.
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Mountain Region is led by Jennifer Anderson, 20-year
company veteran. Based in Phoenix, Anderson oversees Business Banking
operations in Arizona, Colorado, Idaho, Montana, Utah and Wyoming.
Prior to her current role, Anderson was the Business Banking manager
for Arizona, Nevada and Utah.
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Northeast Region is led by John Cole, 17-year company
veteran. Based in Summit, N.J., Cole oversees Business Banking
operations in New Jersey, New York, Connecticut, Massachusetts,
Pennsylvania, Ohio, and Delaware. Prior to his current role, Cole led
the Northeast region as part of the previous structure for the Eastern
Region.
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Pacific Northwest Region is led by Laura MacNeil,
11-year company veteran. Based in Seattle, MacNeil oversees Business
Banking operations in Alaska, Oregon, Northern California and
Washington. Prior to her current role, MacNeil was head of Risk
Management and Compliance for Wells Fargo’s Middle Market Banking
Division.
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Southern California Nevada Region is led by Steve Bernstein,
a 15-year company veteran. Based in San Diego, Bernstein leads
Business Banking operations in Southern California and Nevada. Prior
to his current role, Bernstein served as division manager for the
Southern California division of Business Banking.
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Southwest Region is led by Dean Rennell, a 34-year
company veteran. Based in Phoenix, Rennell leads Business Banking
operations in Arkansas, Kansas, Louisiana, Missouri, New Mexico and
Texas. Prior to his current role, he managed Business Banking for the
Western Mountain region.
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National Specialty Industry Group is led by Don Fracchia,
37-year company veteran. Prior to his current role, Fracchia managed
Business Banking operations for the Pacific Midwest region.
About Wells Fargo Business Banking
Wells Fargo Business Banking offers customers a breadth of products and
services provided by Wells Fargo Bank, N.A. or its affiliates, including
credit, cash management, risk management, employee benefits, succession,
and wealth management. Wells Fargo’s Small Business Administration (SBA)
Lending Group is part of Business Banking. Wells Fargo is the No. 1 SBA
7(a) lender in total dollar volume for seven consecutive years (federal
fiscal years 2009 – 2016) and in dollars and units during federal fiscal
year 2016.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based
financial services company with $2.0 trillion in assets. Founded in 1852
and headquartered in San Francisco, Wells Fargo provides banking,
insurance, investments, mortgage, and consumer and commercial finance
through more than 8,500 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 273,000 team members, Wells Fargo serves one
in three households in the United States. Wells Fargo & Company was
ranked No. 27 on Fortune’s 2016 rankings of America’s largest
corporations. Wells Fargo’s vision is to satisfy our customers’
financial needs and help them succeed financially. News, insights and
perspectives from Wells Fargo are also available at Wells
Fargo Stories.