Wells Fargo Names Commercial Banking Leader in Florida
Wells Fargo hired Kelly Madden to lead commercial banking operations in Florida.
Wells Fargo hired Kelly Madden to lead commercial banking operations in Florida.
Cervus Equipment entered into an amended facility with a syndicate of underwriters led by TD Bank, and including CIBC and Wells Fargo.
According to the Wells Fargo/Gallup index, the overall Investor and Retirement Optimism Index is now the highest it has been since 2007, following several years of gradual, steady increases.
Wells Fargo announced that Southern California Lead Region President John Sotoodeh will head Wells Fargo’s Southwest region. He succeeds Paul W. “Chip” Carlisle, who announced his retirement earlier this year.
Oceaneering International announced that it has entered into an $800 million credit agreement. Wells Fargo is the administrative agent under the new credit agreement.
Wells Fargo announced Kathryn Broussard and Byron Kives, both formerly of JPMorgan Chase, joined its Commercial Banking team in New Orleans as SVPS.
Wells Fargo announced that banking industry veteran Howard Halle will retire at the end of this year. Halle has led Commercial Banking in Florida since 1999.
Wells Fargo said it has opened a new commercial banking office in Gainesville, FL and has tapped Andrew Cavallari, an 18-year financial services veteran, to lead the effort.
Wells Fargo reported Q3/14 net income of $5.7 billion was up from $5.6 billion in Q3/13. The bank noted that its Q3/14 net interest margin of 3.06% was down from 3.15% sequentially and 3.39% in Q3/13.
Eagle Rock Energy amended its five-year credit facility with a syndicate of banks led by Wells Fargo as administrative agent. Current commitments total $320 million, with the ability to increase up to $1.2 billion.