Wells Fargo Eyes Metro Park for New Commercial Hub in Central NJ
August 27 2015 - 10:00AM
Business Wire
James King – 29-year finance veteran – promoted
to regional vice president
Wells Fargo (NYSE:WFC) has its sights set on the Metro Park area
in Iselin, New Jersey for its Commercial Banking hub for the
Central part of the state. At the helm of the Regional Commercial
Banking Office (RCBO) in Metro Park is James King, who has been
promoted to regional vice president.
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At the helm of the Regional Commercial
Banking Office (RCBO) in Metro Park is James King, who has been
promoted to regional vice president. (Photo: Business Wire)
Increased demand for Wells Fargo products and services from the
region’s companies – including the manufacturing, distribution,
healthcare, hospitality, and commercial real estate sectors –
spurred the bank’s expansion into Central New Jersey.
“Wells Fargo has a focused strategy on New Jersey, and
establishing a formal RCBO in Central New Jersey is part of the
overall investment we are making in the region,” said John Manning,
head of Commercial Banking for the East Region. “Central New Jersey
is part of a larger commitment to grow our business throughout the
state. Jim King, a fellow Rutgers graduate, has deep New Jersey
roots, and a breadth of experience and knowledge working with
middle market companies.”
A 29-year Wells Fargo veteran, King leads a team of 17
commercial banking professionals, currently based in Basking Ridge,
who serve middle-market companies throughout Central New Jersey. In
addition to the office opening in Iselin, Wells Fargo has New
Jersey Regional Commercial Banking Offices in Haddon Township and
Summit, with a satellite office located in Princeton. All Basking
Ridge team members will be relocating to Metro Park.
King began his banking career with First Fidelity Bank and since
1996 has held positions in commercial banking with Wells Fargo
predecessor’s Wachovia Bank and First Union National Bank. Since
that time, he has held various relationship management roles at
Wells Fargo, and most recently was a senior relationship manager
and group leader in Commercial Banking in Southern New Jersey.
King holds a bachelor’s degree in economics and English from
Rutgers University. He is also a graduate, with a master’s in
finance from the W. Paul Stillman Graduate School of Business at
Seton Hall University in South Orange, New Jersey.
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. Winner of the 2015 TNS Choice Awards,
Wells Fargo is the No. 1 preferred bank by companies in the U.S.
with annual sales of $50 million to $2 billion.
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
8,700 locations, 12,800 ATMs, 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. 30 on Fortune’s 2015 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150827005096/en/
Wells Fargo & CompanyDana Obrist,
704-715-6138dana.c.obrist@wellsfargo.com@DanaObristWF
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