Wells Fargo Expands Commercial Banking Operations in Baltimore

Growing team and new office in Annapolis a reflection of increasing opportunities to serve middle market companies in the area

BALTIMORE--()--Continuing its steady growth in the state of Maryland, Wells Fargo (NYSE: WFC) has expanded its leadership team and added resources to serve middle market companies in the Baltimore area and throughout the state. In addition, Wells Fargo has announced the opening of a Commercial Banking office in Annapolis.

Spurred by strong business growth, Wells Fargo’s Greater Maryland Regional Commercial Banking Office (RCBO) added 11 new team members in 2013, including several new leadership positions. Since 2010, the team has doubled its portfolio and acquired more than 80 new client relationships.

The Greater Maryland Region is led by Sean Sands, a 25-year financial services veteran and native of Baltimore. Sands has recently taken the reins of the RCBO after joining Wells Fargo as regional vice president in 2012. Prior to joining Wells Fargo, Sands served as principal and investment banking professional with SC&H Capital in Sparks, Maryland. Previously, he spent 10 years as senior relationship manager in Commercial Banking with Wells Fargo predecessors Wachovia Bank and First Union National Bank in Baltimore. He began his commercial banking career with First National Bank of Maryland.

Sands says that the growth of Wells Fargo’s Commercial Banking group may be viewed as unusual at a time when many other banks are focused on cutting expenses.

“Our model at Wells Fargo is to provide local customer relationship management, along with local decision-making, and servicing,” said Sands. “With the continued growth in our business, we have invested in adding top talent in our market so we can best serve our customers in the communities in which they live and work,” he said.

Sands holds a bachelor’s degree in business administration and a master’s degree in finance from Loyola University Maryland’s Sellinger School of Business. Named in 2004 as one of the Baltimore Business Journal’s “40 under 40 Business Leaders”, he is also active in the Baltimore community, where he currently serves as a board member with the Independent College Fund of Maryland and the Economic Alliance of Greater Baltimore.

Sands named Etienne Cambon as Commercial Banking regional vice president. Cambon leads a team of eight bankers serving middle market companies throughout the region. A 25-year veteran of the financial industry, he joined Wells Fargo as a senior relationship manager in 2006. Most recently, Cambon led business development for the Maryland team. Etienne holds a bachelor’s degree from Washington & Lee University in Lexington, Va., and is a member of the United Way Anne Arundel County Partnership Board.

“Our local relationship coverage model, backed by the resources and broad capabilities of the largest commercial bank in the U.S., enables Wells Fargo to bring a highly customized financial services solution to each of our clients,” adds Cambon.

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 locations, 12,000 ATMs, and the internet (wellsfargo.com), and has offices in 36 countries to support customers who conduct business in the global economy. With more than 264,000 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.

Contacts

Wells Fargo & Company
Media
Dana Obrist, 704-715-6138
dana.c.obrist@wellsfargo.com
@DanaObristWF

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Contacts

Wells Fargo & Company
Media
Dana Obrist, 704-715-6138
dana.c.obrist@wellsfargo.com
@DanaObristWF