With 22 regional commercial banking offices (RCBOs) and 450 team members, Wells Fargo’s commercial banking already serves middle market businesses with annual sales from $10m to $500m in California.
Perry Pelos, who oversees Wells Fargo commercial banking in the West, said: “We’re building the premier, relationship-focused commercial banking organization in the Golden State. Wells Fargo is ready to support California’s entrepreneurs as they find new ways to grow in the economy.”
Rob Yraceburu, a 25-year California banker who oversees the Central California division with eight RCBOs and 150 team members, will take on responsibility of three new markets: Inland Empire, Orange County, and San Diego.
John Adams, a 20-year California banker who manages the Northern California division and the growth technology and technology industry group, will take on responsibility of North Coast and Sacramento RCBOs. He will be based in San Francisco.
John Manning, a 23-year industry veteran who manages the Los Angeles division, will oversee South Bay market. He will be based in Los Angeles.
David Ritchie, a 29-year California banker who manages the Orange County RCBO, will take on responsibility for the California markets south of Orange County as well. He will be based in Irvine, California.
MaryLou Barreiro, a 23-year industry veteran who currently manages the Fulton Wells RCBO, will head San Gabriel RCBO. She will be based in Anaheim.
Wells Fargo offers banking, insurance, investments, mortgage and consumer finance services through more than 10,000 stores, 12,000 ATMs and the internet across North America and internationally.
