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Brendon Riley takes reins of banks expanding Middle Market Banking hub
DALLAS–(BUSINESS WIRE)–Wells Fargo & Company (NYSE: WFC) announced today that it has named 16-year company veteran Brendon Riley to its Dallas Middle Market Banking leadership team as regional vice president, effective immediately. He succeeds Tom Krueger, who joined the companys Great Lakes commercial lending team.
In his new role, Riley oversees 10 experienced commercial banking professionals in Dallas who deliver Wells Fargos localized approach to serving privately held, middle-market companies with revenues of $20 million and above.
Texas is home to eight Wells Fargo Middle Market Banking offices, including three regional offices in the Dallas/Fort Worth area, three in Houston, and offices in San Antonio and Austin. Growth in the downtown Dallas office led to the expansion of new Middle Market Banking offices in Oklahoma and North Dallas.
?Tom Krueger led Wells Fargos steady growth in Dallas, and Brendon will continue that momentum in supporting middle market companies in the area, said Cecil Edwards Jr., region manager for Wells Fargo Middle Market Banking in North Texas, who has more than 35 years in the industry. ?Were pleased to bring yet another high-caliber leader to the market to help local companies succeed financially.
Riley joins James Schmeltekopf, Wells Fargos Middle Market Banking Southern division manager, and Regional Vice President Nick Salomone. In October, Schmeltekopf succeeded promoted leader Monica Cole, and Salomone was tapped to lead operations in the Fort Worth and surrounding West Texas.
The regional offices provide more than 80 Wholesale Banking services to customers in industries such as manufacturing, wholesale, retail, distribution, and technology. Edwards said the bank will continue to add new commercial bankers and staff to support customer demand here in one of the nations fastest-growing metro areas.
Riley previously served as a senior vice president in Houston, responsible for local credit decisions, risk management, and development of financial analysts. He brings 16 years of banking experience to the Dallas team. Riley began his career at Wells Fargo in its Investment Banking division. He also worked as a National Labor Relations Board attorney.
Riley holds an MBA in finance from Columbia University, a Juris Doctor from Washington University School of Law in St. Louis, and a bachelors in economics from University of Michigan. Before moving to Texas, Riley served on the boards of the Herberger Theater Center in Phoenix and the Greater Phoenix Black Chamber of Commerce.
More than 19,000 Wells Fargo team members live, work, and support customers and local communities in Texas. Team members volunteered more than 143,000 hours last year to support non-profits and schools in communities across the state. In 2016, Wells Fargo donated more than $10.6 million to 1,404 Texas nonprofits and schools, including $4.1 million for community development, including financial literacy, housing, and small business projects.
About Wells Fargo Middle Market Banking
Wells Fargo is No. 1 in total middle market banking share in the U.S. and has the most primary banking relationships with middle market companies with $25 million to $500 million in annual sales.* With 140 offices in 38 states and four Canadian provinces, Wells Fargo Middle Market Banking provides local service and decision-making for businesses with $20 million to $500 million-plus in annual sales. Asset-based lending, traditional secured loans, and capital markets provide access to working capital for day-to-day operations and growth. Expertise and services are available to specialty industries, including technology, food and agribusiness, healthcare, government, higher education, clean technology, and environmental services. Watch stories about successful middle market companies at http://wholesalebanking.wf.com/cmbg-success-stories.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $2.0 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,500 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 273,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 27 on Fortunes 2016 rankings of Americas largest corporations. Wells Fargos vision is to satisfy our customers financial needs and help them succeed financially. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
* Barlow Research Middle Market Rolling 8 Quarter Data 4Q2014-3Q2016, showing Wells Fargo’s competitive market performance among companies with $25MM-<$500MM in sales for both primary bank market share and total market share (primary + up to 3 additional banks used).
Wells Fargo & Company
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