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Wells Fargo Commercial Banking Expands in Illinois, Adds Chicago Financial Services Veteran Bob Kastenholz

^{Published on 2010-08-03 08:20:37 - Market Wire}
 

CHICAGO--([ BUSINESS WIRE ])--Wells Fargo & Company (NYSE:WFC) said today that Chicago commercial banking veteran Bob Kastenholz has joined the company as a senior vice president and regional manager. Kastenholz now oversees a Wells Fargo Regional Commercial Banking Office (RCBO) in Chicago that serves middle-market companies with revenues in excess of $20 million.

"Continuing to expand in this market in particular with industry veterans like Bob Kastenholz is a big focus for our Commercial Banking groupa™s strategy."

Previously, Kastenholz worked 25 years for Chicagoa™s LaSalle National Bank, now Bank of America, where he was a senior vice president and market executive in the Commercial Banking Group, serving Midwest clients.

aIllinois continues to be a great market for Wells Fargo, because of the large number of owner-operated middle-market companies here,a said Lisa Johnson, the Chicago-based executive vice president and head of Wells Fargo Commercial Bankinga™s Illinois and Southeast Wisconsin region. aContinuing to expand in this market in particular with industry veterans like Bob Kastenholz is a big focus for our Commercial Banking groupa™s strategy.a

Kastenholz received his bachelora™s degree in finance and business economics from the University of Notre Dame and his M.B.A. in finance and accounting from Washington University in St. Louis.

A resident of Western Springs, Ill., Kastenholza™s community involvement has included serving on the boards of the Better Business Bureau of Northern Illinois, the Chicago Central Area Committee, and Catholic Charities of the Archdiocese of Chicago and its West Suburban Services Group.

Wells Fargo employs 5,597 team members in more than 170 company locations in Illinois. Wells Fargoa™s Commercial Banking Midwest Division is headquartered in Chicago, offering comprehensive solutions tailored for the needs of middle-market businesses. The Midwest Division includes a network of 18 Commercial Banking offices in nine Midwest states, including three in Chicago.

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.2 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 10,000 banking stores, 12,000 ATMs, the Internet (wellsfargo.com and wachovia.com), and other distribution channels across North America and internationally. With more than 278,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked #19 on Fortunea™s 2009 rankings of Americaa™s largest corporations. Wells Fargoa™s vision is to satisfy all our customersa™ financial needs and help them succeed financially.Wells Fargo Commercial Banking has 95 offices in 41 states.