Tanner Phifer will lead middle market asset-based lending origination for Wells Fargo Commercial Banking, which is part of the bank’s secured lending and leasing businesses, in the west region.
Gibraltar Business Capital increased its credit line with Wells Fargo Capital Finance from $75 million to $100 million, with an accordion that could increase the line up to $150 million.
Wells Fargo Capital Finance named Cyndi Giles head of its Lender Finance Group, replacing Andrea Petro who retired after a 30-year career in the ABL industry that included launching and leading Lender Finance for 17 years.
Wells Fargo Commercial Banking named Cyndi Giles to head Commercial Banking in Oklahoma. As regional vice president, Giles oversees teams based in Oklahoma City and Tulsa.