PORTLAND, Maine--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC), the nation’s No. 1 lender to middle market companies, announced today that Portland will be home to its newest Middle Market Banking office, staffed with local, senior relationship managers who will serve Maine companies statewide.
The Portland team will offer a full suite of commercial banking products and services, including commercial and real estate loans, treasury management, global banking, foreign exchange, and capital markets, in addition to multiple specialty lending divisions, including Food & Agribusiness and Beverage Finance.
Two veteran New England commercial bankers recently joined Wells Fargo Middle Market Banking and will be based at Two Portland Square, where Wells Fargo Advisors, the bank’s investment planning and advice division, has served local customers since 1989. Named as senior relationship managers who will serve Maine clients are Rob Small and Dave Ott. Both report to Paul Forester, regional vice president for Middle Market Banking in Northern New England.
“Wells Fargo has always been bullish on family owned companies that have been the core of Maine’s economy for generations,” said Forester, who leads Wells Fargo Middle Market Banking in Maine, New Hampshire, and Vermont. “Rob and Dave epitomize Wells Fargo’s commercial banking tradition of local expertise, service, and streamlined approvals.”
Small, a senior vice president, brings nearly 20 years of commercial lending experience to Wells Fargo. Most recently, he worked as a senior relationship manager for TD Bank. Before that, he worked nearly a decade as a commercial loan officer for the Finance Authority of Maine in Augusta. Small earned a bachelor’s degree from Bentley College in Waltham, Massachusetts. He serves on the board of Day One, a substance abuse treatment program for Maine teens. Small, his wife, and three sons live in South Portland.
Ott attended high school in Cumberland and obtained a bachelor’s degree in economics at Bowdoin College in Brunswick, Maine. He most recently served as a vice president with Bank of America Merrill Lynch in Boston. He brings 15 years of commercial banking experience with northeast middle market companies to Wells Fargo, focused on global derivative products for the last decade. Ott began his career as an associate client manager with FleetBoston Financial, where he was credit trained. Ott, his wife, and two children currently live in Winchester, Massachusetts and plan to relocate to Maine.
Earlier this year, Forester also named John Flint as a business development officer for the Northern New England Middle Market Banking team. A 14-year Wells Fargo veteran, Flint is based in Manchester. He is responsible for originating transactions to finance working capital, corporate growth, mergers and acquisitions, and recapitalizations. Before his current role, Flint served in business development for Wells Fargo Capital Finance in Boston, focused on asset-based relationships throughout New England and other northeastern markets.
About Wells Fargo Middle Market Banking
Wells Fargo is No. 1 in total middle market banking share in the U.S.* With 150-plus offices in 38 states and four Canadian provinces, Wells Fargo Middle Market Commercial Banking provides local service, decision-making for businesses with $20 million, and higher in annual sales. Asset-based lending, commercial and real estate 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.
* 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, according to Barlow Research Middle Market rolling 8-quarter data 1Q2014-4Q2015.
