FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Wells Fargo & Company (NYSE:WFC) has promoted Erick Strati to regional vice president of Commercial Banking for South Florida, one of the state’s most-diverse economies.
Strati leads a team of 17 Commercial Banking professionals who serve middle-market companies throughout South Florida. This region has experienced a resurgence of traditional industries such as construction, real estate, and professional services, as well as, continued growth in information technology, trade and international services.
Strati, a 17 -year company veteran, most recently served as a senior relationship manager for Commercial Banking in South Florida. He succeeds David Matter, who recently moved to the Loan Supervision team.
“Erick has tremendous experience and a deep understanding of our customers, their businesses, and the nuances of the South Florida markets,” said Kelly Madden, head of Wells Fargo Commercial Banking in Florida. “His leadership will be invaluable in helping local middle-market companies succeed financially during the current market’s opportunities and challenges.”
Strati began his banking career in Hollywood, Florida, as a branch manager with Bank of America. He joined Wells Fargo predecessor Wachovia Bank as a branch manager in Pembroke Park and Lauderhill, Florida in 1998. He has held senior level positions with Wells Fargo in Broward County, Florida, including leadership roles in Small Business Banking and Business Banking. He joined the Commercial Banking team in Fort Lauderdale in 2010.
Strati earned a bachelor’s degree in finance from Concordia University in Montreal, Canada, and a master’s degree from Florida Atlantic University in Boca Raton. He is the past co-chair for the United Way of Broward County campaign, member of the Advisory Council for 4Kids of South Florida and youth soccer coach.
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 $1.7 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 mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 266,000 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.