Wells Fargo has established a new Southwest Division of its Middle Market Banking business, to be led by Senior Vice President Neal Crapo.

The new division will expand local, dedicated expertise for the bank’s Arizona, Nevada, and New Mexico customers.

Crapo has been a Wells Fargo commercial banker for 25 years. In his new role, Crapo will oversee 40 Middle Market Banking professionals who serve Southwest companies with more than $20 million in annual revenue. Crapo has led the Wells Fargo Food & Agribusiness Eastern Division since 2013. He will be based in Phoenix.

“The region’s diverse economy has been a key factor in Wells Fargo’s steady growth among Southwest middle market companies,” said MaryLou Barreiro, who leads the Mountain Midwest Region and the National Food and Agribusiness Division leadership for Wells Fargo Middle Market Banking. “The growing number of companies relocating to and expanding in the region continues to drive job growth and diversity, and the need for more complex financial services solutions. The addition of Neal will help Wells Fargo Middle Market Banking’s team reach more customers, including food and agribusiness companies located in the Southwest.”