‘Business as usual’ for nation’s No. 1 lender to middle market companies

Wells Fargo & Company (NYSE:WFC), the nation’s largest lender to middle market companies, said today that John C. Adams has been named head of Commercial Banking, effective immediately. He is based in San Francisco.

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John Craig Adams, head of Wells Fargo Commercial Banking (Photo: Business Wire)

Adams reports to Perry Pelos, the former Commercial Banking head, who in July was promoted to a new position that oversees Corporate Banking, Commercial Banking, Government and Institutional Banking and Treasury Management, which are part of the company’s Wholesale Banking group.

Adams is a member of the company’s Management Committee and a 30-year Wells Fargo veteran of commercial and corporate banking. Last year – after nearly two decades of increasing responsibility in Northern California, the Pacific Northwest, and western Canada – he was given charge of Wells Fargo’s biggest Commercial Banking division: 44 regional offices with 600-plus team members in the West. He has also grown the Silicon Valley-based Technology Banking Division to nine cities nationwide, including Seattle, Los Angeles, Boston, and Austin.

In his new role, Adams will oversee more than 140 Wells Fargo Regional Commercial Banking Offices in 38 states and three Canadian provinces, serving middle market companies with annual revenues of greater than $20 million in a broad spectrum of industries, including manufacturing, wholesale, retail, distribution, construction, clean-tech and services.

“John’s steady rise over three decades epitomizes our Wells Fargo leadership story,” said Pelos, noting that his Commercial Banking management team averages 20 years of service. “It’s business as usual for our customers.”

Adams began in banking career in 1985 with First Interstate Bank of California. He earned a bachelor’s in economics and business administration from California State University-Chico, an MBA from Golden Gate University, and graduated from Pacific Coast Banking School. He studied management and leadership development at the Stanford Graduate School of Business and Harvard Business School. Adams is Silicon Valley Leadership Group secretary-treasurer. He also serves on the board of the Bay Area Council Economic Institute and the Chief’s Cabinet of the San Mateo Police Activities League.

About Wells Fargo Commercial Banking

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 customers’ 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.

Wells Fargo & CompanyGabriel Boehmer, 503-784-5319gabriel.h.boehmer@wellsfargo.com@GabeBoehmerWF

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