RALEIGH, N.C.--(BUSINESS WIRE)--Fueled by global growth in the technology sector, including biosciences, Wells Fargo (NYSE:WFC) has expanded the reach of its Technology Banking Group to the Carolinas.
Hired to lead the bank’s technology and life sciences efforts in the region is Matthew Godwin, former chief financial officer of Williams Realty & Building Company in Raleigh. As part of Wells Fargo’s Regional Commercial Banking Office (RCBO) in Raleigh, he will focus on the Research Triangle Park, the nation’s largest and oldest high-tech research and development cluster, home to more than 170 companies and 38,000 workers.
“The Triangle is home to one of the largest clusters of life science and technology companies in the U.S., and Matt’s addition to the team provides a focused resource to the concentrate on the Research Triangle Park, supporting this rapidly growing segment,” said John Ward, regional vice president of Wells Fargo’s Triangle / Eastern North Carolina Regional Commercial Banking Office.
Previously in his career, Godwin worked five years for Wells Fargo Commercial Banking. He also served at Arthur Anderson as a senior auditor in its commercial and enterprise group. Godwin earned an accounting master’s from North Carolina State.
Propelled by growing demand nationwide from a wide range of U.S. life sciences and technology companies, Wells Fargo’s Technology Group serves four market segments:
- Life Sciences, which serves pharmaceutical, medical device, health care information technology, biotech, and diagnostic industries through all stages of growth: from research and development to product launch, commercialization, and global expansion.
- Technology, which serves companies from inception through commercialization, global expansion, and liquidity. There are subgroups for Start-up Services, Venture Banking, and Middle Market. Key sectors: software, hardware/networking, semiconductor, internet/digital media/advertising, and payments.
- CleanTech, which serves businesses that manufacture, market or develop clean technology products and services.
- Venture Fund Services, which provides financial solutions for venture capital and private equity funds focused on technology industries.
Eleven Technology Banking Group offices nationwide support those market segments in five U.S. regions: Northern California/Silicon Valley, Southern California, Southwest, Northwest, and East. These offices provide a wide range of commercial and institutional banking services, including credit, treasury management, deposit, international financial services, and investment banking to a broad range of life sciences and technology companies.
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 9,000 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.