Wells Fargo (NYSE:WFC) continues to enhance the financial services it
provides middle market companies by opening a new Commercial Banking
office here.
Late last year, Richard Ferrari was hired to lead the new office,
located in an existing Wells Fargo Advisors building in the suburb
community of Pittsford. The Rochester area has seen strong economic
growth during the recovery, making it an attractive market for Wells
Fargo’s Commercial Banking business, which serves middle market
companies with between $25 million and $1 billion in annual revenues.
Lending commitments to this segment in the upstate New York market have
increased 50 percent since December 2011.
“We see substantial and continuing opportunities in western New York,”
said Ferrari. “Wells Fargo’s plan involves expansion into strategic
growth markets, such as Rochester where we can serve our customers and
grow with them in the community.”
Wells Fargo employs approximately 250 team members in Monroe County.
Ferrari intends to expand his team in 2013.
About Wells Fargo Commercial Banking
Wells Fargo Commercial Banking serves middle market businesses with
annual revenues of $25 million to $1 billion. Nationwide, Wells Fargo is
the No. 1 commercial bank in the markets it serves. In addition to
providing a world-class customer experience for our clients, Wells Fargo
commercial bankers also are committed to being good citizens, from
charitable giving to volunteering to public service.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified,
community-based financial services company with $1.4 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 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com),
and has offices in more than 35 countries to support the bank’s
customers who conduct business in the global economy. With more than
265,000 team members, Wells Fargo serves one in three households in the
United States. Wells Fargo & Company was ranked No. 26 on
Fortune’s 2012 rankings of America’s largest corporations. Wells
Fargo’s vision is to satisfy all our customers’ financial needs and help
them succeed financially.
