Wells Fargo adds Portland middle market banking office
Wells Fargo
Rob Small (left) and David Ott are the new senior relationship managers at Wells Fargo's newest Middle Market Banking office in Portland.
Another banker has come to Portland targeting middle market companies.
Wells Fargo & Co. (NYSE: WFC), which claims to be the leading U.S. lender to middle market companies, said Aug. 5 that Portland will be home to its newest Middle Market Banking office, which will be staffed with local, senior relationship managers who will serve Maine companies statewide.
The two senior relationship managers focused on Maine clients are Rob Small and Dave Ott, who together have 35 years of experience in banking. Both report to Paul Forester, regional vice president for Middle Market Banking in Northern New England.
The men will be based at Two Portland Square, the same location as Wells Fargo Advisors, the bank’s investment planning and advice division. Middle market banking targets businesses with $20 million and higher in annual sales.
Wells Fargo said the Portland team will offer a full suite of commercial banking products and services, including commercial and real estate loans, treasury management, global banking, foreign exchange, and capital markets, in addition to multiple specialty lending divisions, including food and agribusiness and beverage finance.
“Wells Fargo has always been bullish on family-owned companies that have been the core of Maine’s economy for generations,” said Forester.
Small has nearly 20 years of commercial lending experience and was most recently a senior relationship manager for TD Bank. Before that, he worked nearly a decade as a commercial loan officer for the Finance Authority of Maine in Augusta.
Ott has a bachelor’s degree in economics at Bowdoin College in Brunswick. He most recently was a vice president with Bank of America Merrill Lynch in Boston. He has 15 years of commercial banking experience with northeast middle market companies focused on global derivative products for the last decade. Ott began his career as an associate client manager with FleetBoston Financial.
Most Recent
Most Recent
Comments