Wells Fargo Opens Michigan Commercial Banking Office
Grand Rapids, MI — February 20, 2004
Wells Fargo (NYSE:WFC) is expanding its Michigan operations with the opening of a new Regional Commercial Banking Office in Grand Rapids. Regional Vice President Don VanDine will lead the office and be responsible for providing financial services to companies throughout the state that have annual revenues of more than $10 million. “Wells Fargo has been serving customers through its mortgage office in western Michigan for more than a decade, and opening a Regional Commercial Banking Office is a natural expansion of our operations,” said VanDine. “Wells Fargo’s Midwest Division is growing rapidly in a highly competitive market, as we have differentiated ourselves with tremendous financial capacity, superior technology, and a very deep product line. Our goal is to help our customers succeed financially.” A 21-year veteran of the banking industry, VanDine recently joined Wells Fargo from Provident Bank, and was President of Michigan National Bank in Grand Rapids. He has a bachelor’s degree in Finance and Economics from Michigan State University. Kyle Baldwin will join VanDine as Assistant Vice President and Commercial Relationship Manager. Baldwin has six years of commercial banking experience, and has a bachelor’s degree in Business Administration and Economics from Aquinas College. The commercial banking group joins the over 700 Wells Fargo team members in Michigan who provide financial services through over 60 offices in the state. Wells Fargo businesses employ 52 team members in western Michigan, including Wells Fargo Home Mortgage, Acordia Insurance, Wells Fargo Financial (consumer lending), Wells Fargo Financial Leasing, and Wells Fargo Financial Acceptance (indirect auto financing). Since 1999, Wells Fargo has provided community banking through 34 banking stores in the Upper Peninsula. VanDine believes Wells Fargo will continue to expand in western Michigan. “A number of business lines typically follow the Commercial Banking Group into new markets, and western Michigan should be no exception,” said VanDine. “Wells Fargo believes in delivering excellent service locally while leveraging the global resources of one of the nation’s premier commercial banking organizations, so it’s logical that we will continue to expand our presence.” Wells Fargo’s Commercial Banking Group is in the McKay Tower in downtown Grand Rapids. “We’re excited to be a part of the continuing development of the city’s central business district,” said VanDine. Located at 146 Monroe Center, Suite 1210, Grand Rapids, the new office expands Wells Fargo’s Commercial Banking network to 55 offices nationwide. Wells Fargo & Company is a diversified financial services company with $388 billion in assets, providing banking, insurance, investments, mortgage and consumer finance from more than 5,900 stores, the internet (wellsfargo.com), and other distribution channels across North America and internationally. Wells Fargo Bank, N.A. is the only “Aaa”-rated bank in the United States.