Wells Fargo Names New Head of Middle Market Banking in Nevada
July 18 2017 - 9:00AM
Business Wire
Denette Suddeth to lead commercial banking
teams serving middle market companies in The Silver State
Wells Fargo Middle Market Banking announced today that it has
named 20-year banking veteran Denette Suddeth to lead its continued
growth in Nevada. Suddeth succeeds former Regional Manager Phil
Horrell, who was promoted to market executive, a new role focused
on commercial initiatives that foster new business opportunities in
the Southwest.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20170718005346/en/
Denette Suddeth (Photo: Business
Wire)
As senior vice president and regional manager, Suddeth now
oversees 18 Nevada commercial lending professionals in Reno and Las
Vegas who deliver Wells Fargo’s localized approach to serving
middle-market companies with annual revenues of $20 million and
above. The regional offices provide Wholesale Banking services to
customers in a range of industries, including gaming,
manufacturers, retail, distribution, and technology.
“Having worked alongside Denette for many years, there is no
doubt that I’m leaving our Nevada customers and teams in capable
hands,” said Horrell, who was regional manager for Wells Fargo
Middle Market Banking in Nevada from 2003 to 2017. “Denette has
lived in Las Vegas for more than 40 years and has helped customers
succeed through all business cycles.”
Prior to Suddeth’s promotion, she served five years as loan team
leader for Wells Fargo Middle Market Banking in Las Vegas. Suddeth
joined Wells Fargo in 2012 after many years with U.S. Bank, where
she held leadership roles in relationship development, gaming
industry services, and middle market banking.
Suddeth earned her bachelor’s degree in managerial finance from
University of Nevada, Las Vegas. She also attended the Northwest
Intermediate Commercial Lending School in Portland, Oregon, and the
Pacific Coast Banking School in Seattle. An active member of her
community, Suddeth serves as vice chair for the United Way of
Southern Nevada. She also acted as chairman of the board for the
Junior Achievement of Southern Nevada, and as council member for
the Nevada Department of Education advisory council on Family
Engagement.
More than 3,425 Wells Fargo team members live, work, and support
customers and local communities in Nevada. Team members volunteered
more than 20,000 hours last year to support non-profits and schools
in communities across the state. In 2016, Wells Fargo donated more
than $2.1 million to Nevada nonprofits and schools, including
$776,356 in direct regional contributions to improve education in
Nevada.
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 $1.9 trillion in
assets. Wells Fargo’s vision is to satisfy our customers’ financial
needs and help them succeed financially. 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 271,000 team members,
Wells Fargo serves one in three households in the United States.
Wells Fargo & Company was ranked No. 25 on Fortune’s 2017
rankings of America’s largest corporations. 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).
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170718005346/en/
MediaJeanette D. Foster,
415-396-0560Jeanette.D.Foster@wellsfargo.com@JFosterWF
Wells Fargo (NYSE:WFC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Wells Fargo (NYSE:WFC)
Historical Stock Chart
From Apr 2023 to Apr 2024