RALEIGH, N.C.--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) has promoted John Ward to regional vice president of its expanded Commercial Banking team covering the Piedmont Triad and the Triangle. Anchored in Raleigh, the group serves the financial needs of middle market companies with annual revenues of $20 million and above from the Piedmont Triad region to the coast of North Carolina.
A 28-year financial services industry veteran, Ward has served since 2009 as the regional vice president for the Triangle / Eastern North Carolina Regional Commercial Banking Office (RCBO). In his expanded role, he will oversee Commercial Banking operations throughout the Triangle and Piedmont Triad areas where the company has four regional and satellite offices.
“John is a seasoned financial professional with deep roots throughout North Carolina and a strong background in serving middle market companies in the region,” said Suzanne Morrison, head of Wells Fargo Commercial Banking’s Carolinas Division. “His expanded leadership for the region will be invaluable in helping middle-market companies succeed financially.”
Pete Callahan continues as regional vice president of the Piedmont Triad RCBO in Greensboro and reports to Ward. Chapel Hill and Winston-Salem satellite offices serve the Triangle region – including Durham – and Piedmont Triad region, respectively. Ward intends to expand his team in Eastern North Carolina by opening an office in Wilmington in 2016.
Ward began his finance career in 1986 as part of Branch Banking and Trust’s commercial banking training program in Wilmington, N.C. A native of Raleigh, he joined Wells Fargo predecessor First Union National Bank in 1988 as a Commercial Banking relationship manager. Throughout his commercial banking career, Ward has held senior banking roles in Commercial Banking throughout the region, including Wilmington, Greenville, Rocky Mount, and Raleigh.
Ward holds a bachelor’s degree from East Carolina University. He serves on the East Carolina University School of Business board and Wake County Boys and Girls Club finance committee. He serves on the board of advisors for the Greater Raleigh Chamber of Commerce, where he was a past chair for economic development and education committees.
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 life sciences, technology, 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.
