Company News »

Wells Fargo Adds Resources for Tech Sector in Mountain States

Business Wire
Share on StockTwits
Published on

Wells Fargo & Company (NYSE:WFC) announced today it hired Matt Wysong to lead the expansion of its Technology Banking Group in the Mountain States, with emphasis on Colorado, Utah, Arizona, Nevada, and Idaho.

“The tech industry continues to grow in the Mountain States,” said Steve Smith, who is leading the group’s nationwide expansion. “Wells Fargo Commercial Banking continues to strengthen its ability to serve the technology industry here and is looking for more opportunities.”

The Wells Fargo Technology Banking Group, based in Palo Alto, California, serves technology and life science clients’ complex financial needs. It now operates nine banking centers nationwide, including recent expansion to Austin, Texas; Seattle; Boston; Denver; and Raleigh, N.C. These centers are located in U.S. technology clusters to deliver a wide array of commercial banking services for start-ups and more-mature technology companies.

Wysong brings more than 10 years of banking experience to his new Commercial Banking post. Previously, he worked for Silicon Valley Bank, where he specialized in financing companies in complex growth stages. Before that, Wysong worked with the Wells Fargo Business Banking Group in Denver. Wysong earned his bachelor’s and master’s degrees from the University of Colorado and is a board member of the March of Dimes’ Denver Chapter.

“We’re thrilled to bring this expertise even closer to our customers,” said Gene Sullivan who heads up Wells Fargo Commercial Banking activities throughout the state. “Matt’s expertise will be a welcome addition to the fast-growing technology segment in our market.”

About Wells Fargo Commercial Banking

With more than 140 offices in 38 states and three Canadian provinces, Wells Fargo Commercial Banking provides local support for businesses with annual sales generally in excess of $20 million. Experienced relationship managers and lending managers live and work where our customers do business. Commercial Banking services – including asset-based lending, traditional secured loans, and capital markets – provide access to working capital for day-to-day operations and funding for growth. Commercial Banking also provides expertise and services for specific industries, including beverage, food and agribusiness, technology, health care, government, higher education, clean technology, and environmental services.

About Wells Fargo

Wells Fargo & Company (NYSE:WFC) is a nationwide, diversified, community-based financial services company with $1.6 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 8,700 locations, 12,500 ATMs, and the internet (wellsfargo.com), and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2014 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.

Share on StockTwits