Wells Fargo & Co. (NYSE: WFC) has appointed Lynn Marx as a loan team manager in the company’s regional commercial banking office in Chicago, where she will manage both the loan team for the area and all credit decisions.
“We are thrilled to add Lynn to our team as we continue to grow business in Illinois,” said Doug Banzuly, regional vice president of the Northwest Suburban RCBO. “Lynn’s extensive experience in the industry will be a great addition to our team as we aim to be a one-stop shop for all of a middle market business’ financial needs.”
Marx has been in the banking industry for more than 20 years and has experience in equipment financing and commercial finance. Most recently, she served as managing director in the Risk Management and Equipment Finance department at Wachovia. Marx began her career as a loan officer for Bank One Columbus, NA before holding various senior level positions with GE Capital. She has a B.A. from Emory University and an MBA from Indian University.
Wells Fargo & Company is a diversified financial services company. The Company provides retail, commercial and corporate banking services through banking stores located in 39 states and the District of Columbia. It provides other financial services, through subsidiaries engaged in various businesses, principally wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, insurance agency and brokerage services, computer and data processing services, trust services, investment advisory services, mortgage-backed securities servicing and venture capital investment. The Company operates in three segments: Community Banking, Wholesale Banking, and Wealth, Brokerage and Retirement. As of December 31, 2009, the Company provided banking, insurance, investments, mortgage and consumer finance from more than 10,000 stores under various types of ownership and leasehold agreements.
Shares of Wells Fargo & Co. (NYSE: WFC) traded down 0.04% on Monday hitting $25.83 during mid-day trading.
