Daily News: November 3, 2014

Wells Fargo Adds Resources for Tech Sector in Mountain States

Wells Fargo announced it hired Matt Wysong to lead the expansion of its Technology Banking Group in the Mountain States, with emphasis on Colorado, Utah, Arizona, Nevada, and Idaho.

“The tech industry continues to grow in the Mountain States,” said Steve Smith, who is leading the group’s nationwide expansion. “Wells Fargo Commercial Banking continues to strengthen its ability to serve the technology industry here and is looking for more opportunities.”

The Wells Fargo Technology Banking Group, based in Palo Alto, CA, serves technology and life science clients’ complex financial needs. It now operates nine banking centers nationwide, including recent expansion to Austin, TX; Seattle; Boston; Denver; and Raleigh, NC. These centers are located in U.S. technology clusters to deliver a wide array of commercial banking services for start-ups and more mature technology companies.

Wysong brings more than 10 years of banking experience to his new Commercial Banking post. Previously, he worked for Silicon Valley Bank, where he specialized in financing companies in complex growth stages. Before that, Wysong worked with the Wells Fargo Business Banking Group in Denver.

“We’re thrilled to bring this expertise even closer to our customers,” said Gene Sullivan who heads up Wells Fargo Commercial Banking activities throughout the state. “Matt’s expertise will be a welcome addition to the fast growing technology segment in our market.”