Wells Fargo promoted Kristin Lesher, a 21-year veteran of the company, to lead middle market banking. Lesher previously led middle market operations across 19 states, Washington, D.C., and eastern Canada as head of the east region for the company.
Wells Fargo appointed Vanessa Rodriguez to lead community lending and investment within its commercial real estate group. During her 20-year career with Wells Fargo, Rodriguez has held various relationship manager roles.
SmartStop Self Storage exercised $200 million of its accordion under its existing multi-currency credit facility with a syndicate of banks led by KeyBank, Wells Fargo, Citibank and Bank of Montreal. KeyBanc Capital Markets and KeyBank served as joint lead arrangers and administrative agents.
The Secured Finance Network (SFNet) added to its executive and management committees for fiscal year 2022. These leaders guide the association, make policy decisions, confirm new members and provide thought leadership in advocacy and education.
Helix Energy Solutions Group entered into a new $80 million asset-based revolving credit facility with a syndicated banking group. Bank of America and Wells Fargo acted as joint lead arrangers for the facility.
America’s Car-Mart extended the term of its revolving credit facilities to Sept. 29, 2024, and increased the total permitted borrowings to $600 million. In addition, CIBC Bank USA and Axos Bank joined the lending group.
Wells Fargo announced its new digital infrastructure strategy, combining a multi-cloud approach with third-party data centers. Wells selected Microsoft Azure as its primary public cloud provider and Google Cloud for additional business-critical public cloud services.
Perry Pelos will retire from Wells Fargo in April 2022 and Kyle Hranicky, head of Middle Market Banking, will succeed him as CEO of its Commercial Banking segment, effective immediately. Hranicky will report to CEO Charlie Scharf and serve on the company’s Operating Committee.
Wells Fargo named Talena Hooper division executive to lead the bank’s commercial banking division in the Great Plains. Based in Kansas City, MO, Hooper now oversees commercial banking operations across Arkansas, Iowa, Kansas, Missouri and Nebraska.
Clarence Nunn joined Wells Fargo Wealth & Investment Management as head of diverse segments. Nunn will support Wells Fargo’s focus on expanding its commitment to diversity, equity and inclusion.