Wells Fargo has made major changes to its leadership team and regional structure for its Commercial Banking business, led by Kyle Hranicky, a 25-year company veteran.
With this new structure, Wells Fargo Commercial Banking has more than 6,000 team members across 24 divisions and 80 markets nationwide providing industry expertise, customized solutions and local service to support the diverse financial needs of customers.
As previously announced, Wells Fargo combined its Business Banking, Government & Institutional Banking and Middle Market Banking businesses to establish an integrated Commercial Banking business focused on operating more efficiently, reducing risk and better serving customers.
“In looking for ways to invest in and strengthen our business, we decided to bring together these market-leading businesses because it was an opportunity to further improve how we serve our customers,” said Perry Pelos, head of Wells Fargo Wholesale Banking. “By establishing Commercial Banking, we are building on our strengths, investing in our capabilities and creating an integrated business that best serves the evolving needs of our customers.”
Wells Fargo Commercial Banking provides products and services, including credit and treasury solutions, to customers with annual sales typically ranging from $5 million to $2 billion. With its newly formed national Specialized Industries group, Wells Fargo also provides expertise across industries including Food, Beverage & Agribusiness, Investor Real Estate, Government and Technology throughout its regional presence. Organized under a simplified and consistent leadership structure, the business operates in three regions across the U.S.: East, Central, and West. Each region has division and market leadership structure dedicated to providing local service and decision making.
Under the new Commercial Banking organization, the following leaders report to Hranicky:
Kristin Lesher, a 20-year industry veteran leads the East Region. Based in Washington, D.C., Lesher oversees Commercial Banking operations across six divisions in 19 states as well as the District of Columbia and Eastern Canada. Previously Lesher was co-head of Investment Banking Coverage, part of Corporate and Investment Banking.
Laura Oberst, a 35-year industry veteran, leads the Central Region. Based in Minneapolis, Oberst oversees Commercial Banking operations across six divisions spanning 20 states. Previously Oberst was head of Wells Fargo’s Business Banking Group.
John P. Manning, a 34-year industry veteran, leads the West Region. Based in Irvine, CA, Manning oversees Commercial Banking operations across five divisions in nine states and Western Canada. Previously Manning was head of Wells Fargo Middle Market Banking, East Region.
David Pope, a 35-year industry veteran, heads the Chief Operating Office. Based in Charlotte, NC, Pope is responsible for leading strategic initiatives including market implementation, business initiative support, regional services and partner relationships. Previously Pope was chief operating officer for Wells Fargo’s Business Banking Group.
Phil Smith, a 30-year industry veteran, leads Wells Fargo has made major changes to its leadership team and regional structure for its Commercial Banking business, led by Kyle Hranicky, a 25-year company veteran.
With this new structure, Wells Fargo Commercial Banking has more than 6,000 team members across 24 divisions and 80 markets nationwide providing industry expertise, customized solutions and local service to support the diverse financial needs of customers.
As previously announced, Wells Fargo combined its Business Banking, Government & Institutional Banking and Middle Market Banking businesses to establish an integrated Commercial Banking business focused on operating more efficiently, reducing risk and better serving customers.
“In looking for ways to invest in and strengthen our business, we decided to bring together these market-leading businesses because it was an opportunity to further improve how we serve our customers,” said Perry Pelos, head of Wells Fargo Wholesale Banking. “By establishing Commercial Banking, we are building on our strengths, investing in our capabilities and creating an integrated business that best serves the evolving needs of our customers.”
Wells Fargo Commercial Banking provides products and services, including credit and treasury solutions, to customers with annual sales typically ranging from $5 million to $2 billion. With its newly formed national Specialized Industries group, Wells Fargo also provides expertise across industries including Food, Beverage & Agribusiness, Investor Real Estate, Government and Technology throughout its regional presence. Organized under a simplified and consistent leadership structure, the business operates in three regions across the U.S.: East, Central, and West. Each region has division and market leadership structure dedicated to providing local service and decision making.
Under the new Commercial Banking organization, the following leaders report to Hranicky:
- Kristin Lesher, a 20-year industry veteran leads the East Region. Based in Washington, D.C., Lesher oversees Commercial Banking operations across six divisions in 19 states as well as the District of Columbia and Eastern Canada. Previously Lesher was co-head of Investment Banking Coverage, part of Corporate and Investment Banking.
- CLaura Oberst, a 35-year industry veteran leads the Central Region. Based in Minneapolis, Oberst oversees Commercial Banking operations across six divisions spanning 20 states. Previously Oberst was head of Wells Fargo’s Business Banking Group.
- David Pope, a 35-year industry veteran, leads the Chief Operating Office. Based in Charlotte, NC, Pope is responsible for leading strategic initiatives including market implementation, business initiative support, regional services and partner relationships. Previously Pope was chief operating officer for Wells Fargo’s Business Banking Group.
- Phil Smith, a 30-year industry veteran, leads Specialized Industry. Based in Charlotte, Smith oversees operations to deliver industry expertise and specialized capabilities across 48 states and Canada. Previously Smith was head of Wells Fargo’s Government and Institutional Banking Group.
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