Daily News: August 13, 2013

Wells Fargo Forms Board to Grow Commercial Banking in New England

Wells Fargo said it has formed an executive advisory board for its commercial banking operations in New England. Banking veterans Bob Smyth, Frederick “Fritz” Ferbert and David Splaine will provide their expertise to help analyze, enhance and support the growth strategy of Wells Fargo’s Boston Regional Commercial Banking Office.

The company said the advisory board is a first for the Wells Fargo Commercial Banking team in Boston as it adds resources to meet growing demand for commercial banking services in New England, which is home to more than 3,000 Wells Fargo team members in all lines of business.

“Boston is one of the largest and fastest growing Regional Commercial Banking Offices at Wells Fargo, and I’m thrilled to have the support of these three highly regarded banking veterans as we grow our presence in New England,” said Greg O’Brien, regional head of commercial banking in New England for Wells Fargo.

Smyth is the former chairman, president and CEO of Citizens Bank of Massachusetts. He serves as board chairman of Tru Technologies and as a board director for the following organizations: Cybex International, The Palladium Group, Children’s Hospital Boston, The Boston Retirement Board, Northeastern University’s School of Urban Policy, U.S.S. Constitution Museum and United Way of Massachusetts Bay.

Ferbert is a retired executive vice president and market executive of Middle Market Banking at Bank of America and predecessor, Fleet Boston. He began his banking career in 1975 at Harris Bank in Chicago, joining New England Merchants Bank/Bank of New England in 1979 where he held senior positions in middle market and asset-based lending, acquisition finance, and loan workout. While at Bank of America and Fleet, Ferbert was responsible for origination and portfolio management and was a senior banking executive in the region. Ferbert is a board director for Special Olympics of Massachusetts, Friends for Tomorrow and Polar Beverages.

Splaine is a corporate finance and consulting veteran. He has 20 years of commercial and investment banking experience with Fleet Bank, predecessor Shawmut and a New Hampshire-based sell-side investment bank. He also served as a senior vice president with the Boston Bruins and TD Bank Garden. Since 2009, he has been a consultant for Campus Entertainment and the New Jersey Devils, among other companies. Splaine has been a corporate board director for the Boston Celtics, Juki Automation, Vested Development, Meta Controls, and Georgetown Bancorp, and he is a nominating committee member for the Boston Options Exchange. His local affiliations include the Music Hall, Portsmouth Historic Society, New Heights, Clipper Foundation and The Governor’s Academy.