Wells Fargo Commercial Banking Adds Downtown D.C. Office
February 11 2016 - 11:31AM
Business Wire
Strong demand from middle market companies
drives continued growth
Continuing its steady growth of Commercial Banking in the East,
Wells Fargo & Company (NYSE: WFC) announced today it has opened
its newest middle market office in downtown Washington, D.C.
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Wells Fargo Commercial Banking Office
opens in downtown D.C. Team pictured from left to right: Carol
Seitz, Tim Favinger, Barbara Angel, Greg Polgar, Mendel Lay and not
pictured, Lakendra Lovette (Photo: Business Wire)
Barbara Angel, a 30-year Wells Fargo veteran, will lead the
Regional Commercial Banking Office at 1750 H Street. Her team ―
including Mendel Lay, senior relationship manager; Carol Seitz,
business development officer; Greg Polgar, relationship manager;
Tim Favinger, portfolio manager; and Lakendra Lovette, relationship
associate ― serve commercial and mid-corporate companies throughout
the Greater Washington region. In addition to traditional sector
businesses, such as light manufacturing and distribution, D.C. is
home to many businesses in the government services space.
“Wells Fargo has enjoyed strong growth throughout the
mid-Atlantic since 2013, following Edmond Lelo’s appointment as
Mid-Atlantic Division Manager,” said John Manning, head of Wells
Fargo Commercial Banking for the East Region. “D.C. is an
especially important market as evidenced by the growth of our
commercial lending presence throughout the region. We believe our
overall investment in the region will help middle market business
to thrive.”
“Since 2013, we have added two new offices and 20 team members
in three locations serving greater Washington, including McLean,
Virginia; Bethesda, Maryland; and now downtown D.C.,” said Keith
Hoelzer, region head of Wells Fargo Commercial Banking for the
Capital Region. “This region is home to hundreds of dynamic,
diverse companies representing everything from health care to
technology and government contractors to wholesalers and
distributors.”
Wells Fargo first arrived in the District in 1914, entering the
nation’s capital on B&O Railroad connections. The company’s
first office in the nation’s capital was located at 1221 G Street
NW. Today, Wells Fargo has close to 700 team members working
throughout the District.
About Wells Fargo Commercial Banking
With more than 140 offices in 38 states and four 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 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 diversified,
community-based financial services company with $1.8 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 265,000 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 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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Wells Fargo & CompanyDana Obrist, 704-715-6138
(Media)dana.c.obrist@wellsfargo.com@DanaObristWF
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