Wells Fargo Taps Owens to Lead Maryland Middle Market Banking

Nation’s No. 1-preferred bank by middle-market companies promotes seasoned lender

Susan Owens, new regional vice president for Wells Fargo Middle Market Banking group in Maryland. (Photo: Business Wire)

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BALTIMORE--()--Wells Fargo Middle Market Banking, No. 1 in total middle market banking share in the U.S., announced today that it has named Susan Owens to head commercial banking operations in Maryland. As regional vice president, Owens oversees a team of financial service professionals based at the bank’s Baltimore Middle Market Banking hub.

Owen’s 31-year tenure at Wells Fargo includes 20 years of credit management and 10 years of relationship management and business development. Most recently, she led Middle Market Banking business development in central and eastern Virginia. Owens holds a bachelor’s degree in Spanish from the College of William and Mary in Williamsburg, Virginia, and a MBA from Virginia Commonwealth University in Richmond, Virginia.

We are fortifying our Maryland leadership with a seasoned finance professional with a track record of meeting our customers’ needs,” said Edmond Lelo, Mid-Atlantic division manager for Wells Fargo Middle Market Banking. “Susan understands the nuances of this key business sector and is dedicated to helping companies thrive.”

Maryland is home to more than 3,000 mid-size businesses, according Lelo. Nationally, middle-market companies employ more than 50 million Americans.

Wells Fargo Middle Marketing Banking offices primarily serve privately held, family-owned companies with annual revenues of greater than $20 million across a spectrum of industries, including manufacturing, wholesale, retail, distribution, construction, and clean tech.

Fargo team members serve customers throughout Maryland at 86 branch locations, 14 Wells Fargo Home Mortgage offices, 34 Wells Fargo Advisors locations, and its Middle Market Banking hub. Team members volunteered nearly 32,000 hours last year in local communities. In 2015, the bank invested more than $1.9 million to nonprofits and schools through corporate and foundation giving.

About Wells Fargo Middle Market Banking

Wells Fargo is No. 1 in total middle market banking share in the U.S. and has the most lead banking relationships with middle market companies with $25 million to $500 million in annual sales.* With 140-plus offices in 38 states and four Canadian provinces, Wells Fargo Middle Market Commercial Banking provides local service and decision-making for businesses with $20 million and higher in annual sales. 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. Watch stories about successful middle market companies at http://wholesalebanking.wf.com/cmbg-success-stories.

About Wells Fargo

Wells Fargo & Company (NYSE:WFC) is a diversified, community-based financial services company with $1.9 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 8,600 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries and territories to support customers who conduct business in the global economy. With approximately 268,000 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. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.

Contacts

Wells Fargo & Company
Media
Trina Shepherd, 312-630-2315
Latrina.shepherd@wellsfargo.com
@trinashepherdWF

Contacts

Wells Fargo & Company
Media
Trina Shepherd, 312-630-2315
Latrina.shepherd@wellsfargo.com
@trinashepherdWF