Wells Fargo Commercial Banking Names Central Region Head of National Food & Agribusiness Division
Wells Fargo (NYSE: WFC), the top commercial bank lender to production
agriculture in the nation, has named Karen Hardy to the new post of
Central Region head for the company’s National Food & Agribusiness
Division. Based in Denver, she will lead growth of Wells Fargo
relationships with farmers, ranchers, producers, and processors between
the Rocky Mountains and the Mississippi River in the U.S., and between
British Columbia and Manitoba in Canada.
In her 22-year Wells Fargo career, Hardy has built broad Commercial
Banking experience. She has served in roles as relationship manager,
loan team leader, and loan team manager. Since 2007, she has worked in
the regional credit office for the Commercial Banking group’s Mountain
and Central regions in Denver.
As the Food & Agribusiness Division’s Central Region head, Hardy will
lead a 30-person team that works with Wells Fargo Commercial Banking
offices across the U.S. and Canadian breadbaskets – 21 states and four
provinces – to provide customers with specialized agricultural financing
and other resources, including crop insurance. Additional leadership
positions on Hardy’s team will be filled in Chicago; Kansas City,
Kansas; and Texas.
“Karen’s extensive experience in credit and risk management will be a
strong asset in Wells Fargo’s growth of new business in the heart of the
U.S. and Canada,” said Rob Yraceburu, head of the company’s National
Food & Agribusiness Division, which was formed in April. (Follow
link to Wells Fargo news release archive.) “And from her tenure as a
regional credit officer, Karen also knows the industry’s regional
traits.”
About Wells Fargo’s National Division of Food & Agribusiness
Wells Fargo is the No. 1 lender to production agriculture in the United
States. And with regional and industry experts throughout the U.S.,
Wells Fargo’s National
Food & Agribusiness Division provides resources to help meet the
needs of agribusiness, including dairy farmers, food processors,
nurseries, and vegetable, fruit and nut growers. The company provides
financial resources to help businesses grow while also managing risk.
Understanding the impact of regional, national, and global economic
conditions, Wells Fargo offers specialized financing for all areas of
agribusiness, including input supply, production, processing, wholesale
distribution and retailing.
Wells Fargo supports agriculture in other ways as well. For instance, Rural
Community Insurance Services (RCIS), a wholly owned subsidiary, is
the nation’s largest crop insurance provider, offering risk management
protection for more than 100 crops in all 50 states through a national
network of more than 5,000 professionally trained and licensed
independent agents. It provides multi-peril crop insurance and livestock
policies offered through the United States Department of Agriculture’s
Risk Management Agency (RMA), as well as crop hail, flood, named peril,
as supplemental and stand-alone insurance products.
About Wells Fargo Commercial Banking
With 110 offices across the U.S., Wells
Fargo Commercial Banking is the country’s No. 1 lender to middle
market businesses with annual sales above $20 million. In addition to
providing a world-class customer experience for our clients, Wells Fargo
Commercial Bankers are also 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
270,000 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.
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