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Wells Fargo Expands Commercial Banking in Anaheim
Monday, October 19, 2009 11:51 AM


(Source: Business Wire)trackingWells 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 Fargocontinues to be at the forefront of business development in Orange County by increasing its investmentthroughout 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.



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