FORT WORTH, Texas--(EON: Enhanced Online News)--Wells Fargo (NYSE: WFC) announced today that it has named Nick Salomone to head Middle Market Banking operations in the Fort Worth and surrounding West Texas area. As regional vice president, Salomone leads a team of 18 financial service professionals based at the bank’s Fort Worth Middle Market Banking group.
Texas is home to more than 10,000 midsize businesses that do more than $505 billion in annual revenue, according to the National Center for the Middle Market. Top-grossing among them include manufacturing, wholesale trade, construction, and retail.
“We are reinforcing our Texas leadership with finance professionals who have a track record of meeting our customers’ needs,” said Cecil Edwards, group head for Wells Fargo Middle Market Banking in Dallas/Fort Worth. “Our growing Fort Worth team understands the cyclical nature of key business sectors in this region and is dedicated to helping local companies succeed.”
Salomone joined Wells Fargo in 2010 and, most recently, led business development for Wells Fargo in Fort Worth and West Texas. Previously, he spent the majority of his banking career as a relationship manager for the middle market and corporate banking groups at a regional bank. Salomone earned a bachelor’s degree in finance from Rawls College of Business at Texas Tech University.
Joining Salomone’s Fort Worth team is Ryan Merz and David Self. Merz was recently named business development officer for the region. A seasoned finance professional, he most recently served as business development officer for Wells Fargo Supply Chain Finance group, where he supported retail, energy services, industrials, technology, and engineering clients. Before joining Wells Fargo in 2013, Merz worked as a financial consultant advisor for Dell, Inc. He holds a bachelor’s degree in finance and accounting from Michigan State University.
Self joined Wells Fargo’s Middle Market Banking group in Fort Worth on Dec. 7. He most recently served as principal relationship manager for its Business Banking Group, managing client relationships with a focus on health care, investment real estate, commercial and industrial, and professional and executive lending. Self previously served as a commercial banker for a regional bank before joining Wells Fargo in 2013. He holds a bachelor’s degree in marketing from Indiana University.
Wells Fargo has eight Middle Market Banking offices throughout Texas that primarily serve privately held, family-owned companies with annual revenues of greater than $20 million across a spectrum of industries, including manufacturing, wholesale, retail, distribution, real estate and energy.
Nearly 6,000 Wells Fargo team members serve customers in the Dallas-Fort Worth area, volunteering nearly 28,000 hours last year in local communities. Wells Fargo contributed $5.4 million to local nonprofits and schools through corporate and foundation giving.
About Wells Fargo Middle Market Banking
With more than 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 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. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,600 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 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 27 on Fortune’s 2016 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.