WASHINGTON--(BUSINESS WIRE)--Continuing its steady growth of Commercial Banking in the East, Wells Fargo & Company (NYSE: WFC) announced today it has opened its newest middle market office in downtown Washington, D.C.
Barbara Angel, a 30-year Wells Fargo veteran, will lead the Regional Commercial Banking Office at 1750 H Street. Her team ― including Mendel Lay, senior relationship manager; Carol Seitz, business development officer; Greg Polgar, relationship manager; Tim Favinger, portfolio manager; and Lakendra Lovette, relationship associate ― serve commercial and mid-corporate companies throughout the Greater Washington region. In addition to traditional sector businesses, such as light manufacturing and distribution, D.C. is home to many businesses in the government services space.
“Wells Fargo has enjoyed strong growth throughout the mid-Atlantic since 2013, following Edmond Lelo’s appointment as Mid-Atlantic Division Manager,” said John Manning, head of Wells Fargo Commercial Banking for the East Region. “D.C. is an especially important market as evidenced by the growth of our commercial lending presence throughout the region. We believe our overall investment in the region will help middle market business to thrive.”
“Since 2013, we have added two new offices and 20 team members in three locations serving greater Washington, including McLean, Virginia; Bethesda, Maryland; and now downtown D.C.,” said Keith Hoelzer, region head of Wells Fargo Commercial Banking for the Capital Region. “This region is home to hundreds of dynamic, diverse companies representing everything from health care to technology and government contractors to wholesalers and distributors.”
Wells Fargo first arrived in the District in 1914, entering the nation’s capital on B&O Railroad connections. The company’s first office in the nation’s capital was located at 1221 G Street NW. Today, Wells Fargo has close to 700 team members working throughout the District.
About Wells Fargo Commercial Banking
With more than 140 offices in 38 states and four 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 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. Winner of the 2015 TNS Choice Awards, Wells Fargo is the No. 1 preferred bank by companies in the U.S. with annual sales of $50 million to $2 billion.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.8 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through 8,700 locations, 12,800 ATMs, the internet (wellsfargo.com) and mobile banking, 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. 30 on Fortune’s 2015 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.