BAKERSFIELD, Calif.--(BUSINESS WIRE)--Wells Fargo (NYSE: WFC) announced that it has promoted Geraud Smith to regional vice president of its Bakersfield Regional Commercial Banking Office (RCBO). He succeeds Ben Hanson, who led the Bakersfield office from 2008 to 2013 and has taken a new post in Wells Fargo’s Credit Administration.
Smith, who since 2010 had been the company’s loan team manager in Bakersfield, now leads Wells Fargo Commercial Banking in the South Valley. His responsibility also includes serving the bank’s large base of food and agribusiness customers in parts of Southern California.
“Wells Fargo is committed to serving the U.S. food and agriculture industry, and we’re recruiting top talent for our specialized lending teams in markets like Bakersfield where our customers live and work,” said Rob Yraceburu, head of the company’s National Food & Agribusiness Division. “Geraud and his team will continue to work with commercial industries in the South Valley while also serving food and agribusiness customers in Southern California.”
A 16-year banking industry veteran, Smith began his career as a financial analyst with Wells Fargo Bank in Fresno. He holds a bachelor’s degree in business from California State University, Fresno. Smith is also a graduate of Leadership Bakersfield.
About Wells Fargo Bakersfield Commercial Banking
Wells Fargo’s Bakersfield RCBO serves middle market companies in a wide range of commercial and industrial sectors, including energy and commercial real estate. The office also has a specialty team focused on food and agribusiness customers involved in processing, production, manufacturing, and cold storage. Industries served reflect California’s agriculture diversity and include but are not limited to nut crops (pistachios and almonds), grapes (wine and table), leafy greens, fresh produce (strawberries, blueberries, raspberries, carrots), citrus and protein operators.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.5 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 9,000 stores, 12,000 ATMs, and the Internet (wellsfargo.com), and has offices in more than 35 countries to support the bank’s customers who conduct business in the global economy. With more than 270,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune’s 2013 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at blogs.wellsfargo.com.