Daily News: February 27, 2015

Wells Fargo Picks Charleston as Commercial Hub for Eastern SC

Charleston has been selected as the commercial banking hub for Wells Fargo in Eastern South Carolina, where the bank’s business with middle market companies has grown by double digits since 2010. At the helm of the regional commercial banking office is Thomas J. Anderson Jr., who was promoted to RVP.

Increased demand for Wells Fargo products and services from the region’s companies &mdadsh; including the manufacturing, agribusiness, healthcare, hospitality, and commercial real estate sectors — spurred Wells Fargo’s expansion in Charleston, according to Stan Gibson, head of Commercial Banking for the Carolinas.

Anderson, a 15-year Wells Fargo veteran, now leads a team of commercial banking professionals who serve middle-market companies throughout Eastern South Carolina. He began his banking career with Wells Fargo predecessor First Union Bank in its Business Banking Group in 1999. Since, he has held various relationship management roles at Wells Fargo, and most recently was a senior relationship manager in Commercial Banking in Charleston.

“Thomas has tremendous experience and a deep understanding of our customers and their businesses,” said Gibson, who relocated to Charleston in 2014 and hired several new local bankers. “Under his leadership, the Eastern South Carolina Region is well-positioned to continue its growth in the market.”

Wells Fargo has a long history in Charleston, South Carolina, which has transitioned from a military-dependent economy to a highly diversified industry base. The company traces its heritage back to several prestigious banking institutions, including Bank of Charleston, which opened for business in 1834. Wells Fargo has been serving middle-market customers, often family-owned businesses, in the region for more than 40 years.