CHARLESTON, S.C.--(BUSINESS WIRE)--Charleston has been selected as the Commercial Banking hub for Wells Fargo (NYSE: WFC) in Eastern South Carolina, where the bank’s business with middle market companies has grown by double digits since 2010. At the helm of the Regional Commercial Banking Office (RCBO) at 177 Meeting Street is Thomas J. Anderson, Jr., who has been promoted to regional vice president.
Increased demand for Wells Fargo products and services from the region’s companies – including the manufacturing, agribusiness, healthcare, hospitality, and commercial real estate sectors – spurred Wells Fargo’s expansion in Charleston, according to Stan Gibson, head of Commercial Banking for the Carolinas.
Anderson, a 15-year Wells Fargo veteran, now leads a team of commercial banking professionals who serve middle-market companies throughout Eastern South Carolina. He began his banking career with Wells Fargo predecessor First Union Bank in its Business Banking Group in 1999. Since, he has held various relationship management roles at Wells Fargo, and most recently was a senior relationship manager in Commercial Banking in Charleston.
“Thomas has tremendous experience and a deep understanding of our customers and their businesses,” said Gibson, who relocated to Charleston in 2014 and hired several new local bankers. “Under his leadership, the Eastern South Carolina Region is well-positioned to continue its growth in the market.”
Anderson holds both a bachelor’s and master’s degree from The Citadel, where he currently serves as an adjunct professor in The Citadel School of Business. He is a board member for Buist Academy Foundation, for which he also serves as finance committee chairman, and Carolina Youth Development Center. Anderson belongs to the South Carolina Captive Insurance Association.
Wells Fargo has a long history in Charleston, South Carolina, which has transitioned from a military-dependent economy to a highly diversified industry base. The company traces its heritage back to several prestigious banking institutions, including Bank of Charleston, which opened for business in 1834. Wells Fargo has been serving middle-market customers, often family-owned businesses, in the region for more than 40 years.
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 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 $1.7 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.