Wells Fargo Commercial Capital Expands Into Boston, Aims For National Leadership in Restaurant Financing
Boston — June 1, 2006
Wells Fargo Commercial Capital – part of Wells Fargo & Company – said today that it has hired two former managers of Bank of America's Restaurant Group in Boston, as part of its goal to become the national leader in restaurant financing. Alexandra Burke has been hired as a managing director and will head up WFCC’s customer development and loan production program. She will remain located in Boston. She has eight years of experience in lending in the restaurant sector beginning with Bank of Boston through its sale to Bank of America. She is a graduate of Smith College (Mass.). Heidi Piche joins Wells Fargo as a vice president responsible for WFCC’s customer development and loan production. She will remain located in Boston as well. Ms. Piche also came up through Bank of Boston's restaurant lending group and has seven years of lending experience in this sector. She is a graduate of Colby College (Maine). Wells Fargo Commercial Capital provides capital to owners of multi-unit branded retail businesses in the restaurant sector, including both large franchisees and franchisors (minimum transaction size is $10 million). The addition of this experienced loan production team will result in greater access to Wells Fargo’s financial solutions for owners of restaurants or restaurant brands in need of acquisition financing or the refinancing of debt. WFCC (1-888-BRANDED or www.wfccapital.com.) is headquartered in San Diego. Wells Fargo & Company is a diversified financial services company with $492 billion in assets, providing banking, insurance, investments, mortgage and consumer finance to more than 23 million customers from more than 6,200 stores and the internet (wellsfargo.com) across North America and elsewhere internationally. Wells Fargo Bank, N.A. is the only bank in the United States to receive the highest possible credit rating, “Aaa,” from Moody’s Investors Service.