Wells Fargo & Company
“This area continues to evolve and is a vital center of economic development for both North Carolina and the U.S. We are proud to be a part of the business landscape here and to help strengthen the Triangle communities.”
-- Wells Fargo’s Piedmont East Regional President Jack Clayton
Wells Fargo & Company: A Thriving Bank for a Thriving Region
Wells Fargo is a diversified Fortune 50 company providing banking, insurance, investments, mortgage, and consumer and commercial finance through approximately 6,200 retail banking stores and more than 12,500 ATMs across North America and internationally. In the Research Triangle Region, the company has over 60 retail banking stores, 150 ATMs and over 2,400 team members dedicated to serving customers and communities here.
The bank’s vision is to satisfy all its customers’ personal and business financial needs, helping them achieve success. It is a commitment that extends across the Triangle and all of North Carolina.
These are exciting times for Wells Fargo as it grows its Triangle presence. In March, the bank celebrated the grand opening of its Gateway Commons retail banking store in Chapel Hill, which includes innovative features like an online banking station, a digital teller line video wall, as well as a state-of-the-art-assisted service ATM. Wells Fargo also continues to add additional ATMs around the Triangle, distribution points along with its online and mobile banking services that provide customers even greater convenience in accessing accounts and pursuing financial objectives.
The financial services legend has corporate roots that extend to its founding in 1852. Today, Wells Fargo has thousands of products and over 80 business units offering solutions for every stage of its customers' personal and professional lives. The San Francisco-based company knows just how important small businesses are to any region’s economy, and it is proud to support the Triangle’s entrepreneurs. In fact, 51 percent of U.S. businesses are within two miles of a Wells Fargo retail store/ATM in its footprint. As America’s #1 SBA 7(a) lender by dollars, the bank supports businesses as they innovate, expand and create jobs that ensure a prosperous and sustainable region.
Wells Fargo is equally focused on ensuring the communities its serves remain vibrant, productive centers with safe neighborhoods and flourishing residents. Last year, the bank donated more than $16 million to non-profit organizations statewide and more than $3.1 million in grants and donations to over 350 non-profits in the Triangle -- including such organizations as the Habitat for Humanity, the United Way and the Centre for Homeownership and Economic Development Corporation. Wells Fargo has also made contributions to the Entrepreneurial Center at Wake Technical Community College, North Carolina State University’s College of Management, the YMCA’s Y Learning program and Made in Durham. Additionally, Wells Fargo team members donated some 13,200 volunteer hours at these and other local non-profits and community groups across the region.
“Our presence today in the Triangle is as strong as ever as we continue to expand our distribution channels, increase our service points and provide innovative banking technology solutions to help our customers achieve long-term financial stability and success,” say Wells Fargo’s Piedmont East Regional President Jack Clayton. “This area continues to evolve and is a vital center of economic development for both North Carolina and the U.S. We are proud to be a part of the business landscape here and to help strengthen the Triangle communities,” adds Clayton, who also is Immediate Past-Chairman of Research Triangle Regional Partnership (RTRP).
Wells Fargo Commercial Banking is No. 1 in lead banking relationships for middle market companies in the U.S. The Triangle Region is one of the largest and fastest growing commercial markets in the country. Wells Fargo’s full-service Raleigh Regional Commercial Banking Office has seen double‐digit growth since 2010. The region has also added specialty-banking teams covering Food and Agribusiness, Life Sciences and Technology. In fact, Wells Fargo’s National Food and Agribusiness Division is the nation’s No. 1 commercial lender to the agriculture industry.
Wells Fargo Commercial Banking offers comprehensive banking services for middle market companies with revenues of $20 million and above, including traditional lending solutions, treasury management, capital markets, investment banking, insurance, risk management, commercial real estate, succession planning and asset management.
Through Wells Fargo Private Bank and Abbot Downing, the bank offers wealth management services to help families plan for a secure financial future. As of 2014, the Private Bank was the fourth largest wealth management provider in the United States, according to Barron’s, offering a full range of financial services and products to help individuals and families build, manage, preserve and transfer wealth. Raleigh's Abbot Downing team includes relationship managers, portfolio managers, planners and client service specialists to provide planning, asset management, private banking, family dynamics and education, and trust, fiduciary and administrative services. Working together, these professionals build strong plans that are inclusive of each generation’s interests, needs and goals.
Wells Fargo’s commitment to helping its customers succeed financially is a critical part of the company’s business strategy; the bank believes in being present and proactive in its neighborhoods and works to make a difference in society. By promoting economic development and self-sufficiency through community development, financial education, cash donations and grants, and through the efforts of its team-member volunteers, Wells Fargo contributes to the long-term success and sustainability of the towns and cities where its employees live and work.
“The Triangle is a thriving region with many exciting initiatives underway, and we consider it a great privilege to be able to serve our customers here,” says Jack Clayton, a Durham native and longtime business leader. “Wells Fargo looks forward to continuing to support the growth and development of this evolving region.”