Wells Fargo Names John Ritacco as Middle Market Banking Advisor to Build Commercial Relationships in New York
December 02 2016 - 10:41AM
Business Wire
Wells Fargo (NYSE: WFC) announced today that it has tapped John
Ritacco as an executive advisor for Middle Market Banking in
greater New York.
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Wells Fargo (NYSE: WFC) announced today
that it has tapped John Ritacco as an executive advisor for Middle
Market Banking in greater New York. (Photo: Business Wire)
Ritacco, retired president and chief executive officer of the
former CMS Bancorp, Inc., which was recently acquired by PCSB Bank,
brings 30 years of financial services experience to Wells Fargo. In
his new advisory role, Ritacco directs Wells Fargo Middle Market
Banking’s growth strategy across the greater New York region,
including offices in White Plains and Shelton.
“The greater New York and Connecticut markets are growing for
Middle Market Banking at Wells Fargo,” said Kevin Burke, regional
vice president of Wells Fargo Middle Market Banking for greater New
York and Connecticut. “Our middle market customers will benefit
from John’s expertise and long-standing experience in the
region.”
Wells Fargo Middle Market Banking’s growth strategy of hiring
executive advisors to establish relationships and increase business
began in Boston in 2013. After strong initial success, the strategy
expanded to Pittsburgh and Philadelphia, with the most recent
advisor announced for the state of New Jersey in late 2015. Since
inception, the company’s Middle Market Banking offices with
executive advisors have seen an increase in opportunities for
business development and growth as a result.
“We’ve studied the business climate throughout the region and
believe that by bringing strong, strategic advisors into these
growth markets, we gain additional insight through the lens of our
industry veterans,” said John Manning, head of Wells Fargo Middle
Market Banking, East Region. “Our customers benefit from the
seasoned business acumen of these incredibly talented local
business leaders.”
Ritacco began his banking career with Wells Fargo predecessor
First Union National Bank in White Plains, New York. In 2001, he
joined Reliance Bank, a privately held commercial bank, where he
served as president and CEO until 2004. Ritacco had served as
president and CEO of CMS Bancorp (now PCSB Bank), a small business
and commercial business banking firm, since 2006 until it was
acquired. His experience includes servicing companies and
organizations, both domestic and international, in professional
services, retail, manufacturing, wholesale distribution, and
tax-exempt industries. Ritacco holds a bachelor’s degree from the
University of Rhode Island in Kingston, Rhode Island.
About Wells Fargo Middle Market Banking
With more than 140 offices in 38 states and four Canadian
provinces, Wells Fargo Middle Market Banking provides local service
and decision-making for businesses with $20 million to $500
million-plus in annual sales. 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. 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 42 countries and territories to support customers
who conduct business in the global economy. With approximately
269,000 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. News, insights and perspectives from
Wells Fargo are also available at Wells Fargo Stories.
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version on businesswire.com: http://www.businesswire.com/news/home/20161202005492/en/
Wells Fargo & CompanyMediaDana Obrist,
704-715-6138dana.c.obrist@wellsfargo.comTwitter: @DanaObristWF
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