Wells Fargo Commercial Banking Expands to Rochester

Mon Feb 4, 2013 11:10am EST

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Bank`s lending to companies in upstate New York up 50% in past year
ROCHESTER, N.Y.--(Business Wire)--
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

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

Wells Fargo
Dana C. Obrist, 704-715-6138 (Media)

Copyright Business Wire 2013

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