California Loans News

Wells Fargo & Company has established a Regional Commercial Banking Office (RCBO) in Anaheim, California. This banking office was built in order to extend the company’s services to other institutions located in the industrial corridor between Orange and Los Angeles counties. These services are also available in Anaheim, Brea, Fullerton, and Santa Fe Springs.

Regional vice president Mary Lou Barreiro, who recently headed the company’s commercial banking expansion in the New York-New Jersey market, leads this new RCBO project. She is known for her achievement of growing the New York-New Jersey market’s portfolio to nearly $1 billion in commitments within four years. She brings 25 years of financial experience to her new position. She became a member of Wells and Fargo in 2005 and founded the company’s first RCBO office with a staff of six in New Jersey. Barreiro decided to triple the size of her team, expand her office into a regional hub, and launch two satellite Commercial Banking Offices in New York.

Barreiro’s Anaheim-based team prioritizes the middle market companies. These include manufacturers, distributors, wholesalers, and professional services in northern Orange and eastern L.A. counties. The commercial banking team in Anaheim would be consisted of legitimate people who have an average experience of nearly 20 years per person.

Barreiro narrated Wells Fargo’s 150-year history. She stated that Wells Fargo has headquartered in California and launched one of their most innovative creations in 1972. This innovation has something to do with commercial banking for middle-sized companies, and it was launched in Southern California. She added that their Anaheim market is very strategic because it enables them to easily reach middle market customers within a diverse and increasing market.

The new Fulton Wells RCBO, which was named after a historic railroad depot in the area, offers a wide range of commercial banking services. These banking services include accounts receivable and purchase order financing and international banking. Offering a total of 118 years in commercial banking experience, the RCBO’s team of seven started to extend its services to its new territory. Its new territory is comprised of the Santa Fe Springs to Yorba Linda and the Diamond Bar to Los Alamitos.

Lucy Dunn, president and CEO of Orange County Business Council, testifies on how Wells Fargo continues to be the catalyst of business development in Orange County. Wells Fargo manages this by increasing its investment throughout the community. The Orange County Business Council is confident that the Orange County is on the brink of leading California to economic recovery. The group is proud of different Business Council members like Wells Fargo who consistently lead the way.

Wells Fargo extends its commercial banking services to companies from $10 to $500 million in annual revenues through its 95 offices in 41 states and the Internet. Commercial Banking has proven its worth by providing credit, treasury management, investment products, and financial services to middle-market customers on a national level. It also serves different industry groups like the agriculture, beverage, environmental services, and technology sectors.

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