As home to more than 100 manufacturing companies, this Florida region is a key market to Wells Fargo’s expansion in the state, according to Kelly Madden, executive vice president for Wells Fargo Commercial Banking in North Florida. Wells Fargo’s Commercial Banking division boasts industry specialty teams, including agriculture, healthcare, technology and life sciences, allowing customers access to financial expertise to meet their particular needs.
“Gainesville has grown into a substantial market for our commercial customers,” said Madden, a 26-year Wells Fargo Commercial Banking veteran who is based in Jacksonville, Florida. “By expanding our presence in this region, we are able to better serve these customers where they live and work.”
Tapped to lead commercial banking efforts in the satellite office is Andrew Cavallari, an 18-year financial services veteran. He relocated from Chicago, where he served as vice president and relationship manager for Wells Fargo’s Chicago Regional Commercial Banking office since 2001. Cavallari began his banking career with Bank of America in Chicago as an assistant vice president in middle market banking.
“As another testament to Gainesville’s growing regional economy, we welcome Wells Fargo’s decision to add a dedicated commercial banking office here,” said Susan Davenport, vice president of economic development for the Gainesville Chamber of Commerce. “Recruiting Andy Cavallari to run this office brings to the region yet another strong business leader with vast experience. We look forward to the opportunities this will afford our regional business community.”
About Wells Fargo Commercial Banking
With more than 140 offices in 38 states and three Canadian provinces, Wells Fargo Commercial Banking provides local service and decision-making for businesses with annual revenues of greater than $20 million. 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 life sciences, technology, food and agribusiness, healthcare, government, higher education, clean technology, and environmental services. Wells Fargo has the highest market share of middle-market company relationships in the U.S., according to the 2013 TNS Commercial Banking Momentum Monitor.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.6 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 8,700 locations, 12,500 ATMs, and the internet (wellsfargo.com), and has offices in 36 countries 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. 29 on Fortune’s 2014 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 Wells Fargo Blogs and Wells Fargo Stories.