Wells Fargo Expands Commercial Banking in Anaheim

Wells Fargo & Company (NYSE:WFC) has opened a Regional Commercial Banking Office (RCBO) here to serve companies in the industrial corridor between Orange and Los Angeles counties, including Anaheim, Brea, Fullerton, and Santa Fe Springs.

The new RCBO (1101 E. Orangewood Ave., 714-712-2500) is headed by MaryLou Barreiro, a Regional Vice President who recently led the company’s commercial banking expansion in the New York-New Jersey market and grew the portfolio to nearly $1 billion in commitments in just four years. Barreiro’s Anaheim-based team focuses on the middle market companies – including manufacturers, distributors, wholesalers, and professional services – in northern Orange and eastern L.A. counties.

"Wells Fargo has been in the Orange County and L.A. area for 150 years,” said Barreiro. "We’re headquartered in California. And we launched one of our most innovative creations – commercial banking for medium-sized companies – in Southern California in 1972. Our Anaheim office brings us even closer to middle market customers in this ethnically diverse, growing market.”

Named after an historic railroad depot in the area*, the new Fulton Wells RCBO offers a full array of commercial banking services, including accounts receivable and purchase order financing and international banking. The RCBO’s team of seven brings a total of 118 years in commercial banking experience to its new territory, which stretches from Santa Fe Springs to Yorba Linda and Diamond Bar to Los Alamitos.

"Wells Fargo continues to be at the forefront of business development in Orange County by increasing its investment throughout the community,” said Lucy Dunn, President and CEO of Orange County Business Council. "We’re confident that the county is poised to lead California to economic recovery, and we couldn’t be more proud of Business Council members like Wells Fargo who are leading the way.”

Barreiro, who lives in Laguna Niguel, brings 25 years of financial services experience to her new post. She joined Wells Fargo in 2005 and opened the company’s first RCBO office in New Jersey with a staff of six. By late 2008, Barreiro tripled the size of her team, expanded her office into a regional hub where a half-dozen Wells Fargo business lines were based, and launched two satellite Commercial Banking offices in New York.

Prior to Wells Fargo, Barreiro served as middle market group manager for PNC Bank in New Jersey and in sales management and relationship roles with Summit Bank/Fleet Bank. She earned a bachelor’s degree in management from Rutgers University and graduated from the University of Virginia Graduate School of Banking. An active community leader in the Tri-State area, she was named Woman of the Year by the Bergen County Hispanic American Chamber of Commerce in 2000 and one of New Jersey Business magazine’s 25 Women of Influence in 2002.

Barreiro’s veteran Commercial Banking team in Anaheim, with an average experience of nearly 20 years per person, includes Elizabeth Fuchs, senior relationship manager; Annie Nandial, relationship manager; Bill Meli, loan team manager; Tammy Bowen, customer service manager; Tom Windsor, business development officer; and Gregory Galvez, relationship associate.

Orange and L.A. Counties are home to nearly 14,400 company team members, including 11 Wells Fargo business lines: Commercial Banking, Community Banking (with 389 Wells Fargo banking stores), Business Banking, Corporate Banking, Home Mortgage, International Banking, Insurance Services, Specialized Financial Services, Wells Capital Management, Wells Fargo Financial, and Wells Fargo Foothill.

Wells Fargo Commercial Banking serves companies from $10-$500 million in annual revenues through 95 offices in 41 states and the internet. Nationally, Commercial Banking provides credit, treasury management, investment products, and financial services to middle-market customers. It also serves the agriculture, beverage, environmental services, and technology sectors with specialty industry groups.

About Wells Fargo

Wells Fargo & Company is a diversified financial services company with $1.3 trillion in assets, providing banking, insurance, investments, mortgage and consumer finance through more than 10,000 stores and 12,000 ATMs and the internet (wellsfargo.com) across North America and internationally.

* Late in the 19th century, stage coach passengers en route from Los Angeles to San Diego often stopped here for a few refreshments. In the mid 1870's, Dr. J. W. Fulton had built his resort hotel, attractively landscaped, on the north side of Telegraph Road, two blocks east of the intersection of Telegraph Road and Norwalk Boulevard.

The Los Angeles and Anaheim Railroad, now the Southern Pacific Railroad, was the first line completed through Santa Fe Springs in 1888. The railroad established its depot in the area under the name of Fulton Wells. The California Southern Railroad, now the Santa Fe Railroad, completed its tracks through Santa Fe Springs in 1889.

Source: Wells Fargo Historical Services

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