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Wells Fargo Names New Head of Middle Market Banking in Nevada

July 19, 2017, 07:15 AM

Wells Fargo Middle Market Banking announced that it has named 20-year banking veteran Denette Suddeth to lead its continued growth in Nevada. Suddeth succeeds former Regional Manager Phil Horrell, who was promoted to market executive, a new role focused on commercial initiatives that foster new business opportunities in the Southwest.

As senior vice president and regional manager, Suddeth now oversees 18 Nevada commercial lending professionals in Reno and Las Vegas who deliver Wells Fargo’s localized approach to serving middle-market companies with annual revenues of $20 million and above. The regional offices provide Wholesale Banking services to customers in a range of industries, including gaming, manufacturers, retail, distribution, and technology.

“Having worked alongside Denette for many years, there is no doubt that I’m leaving our Nevada customers and teams in capable hands,” said Horrell, who was regional manager for Wells Fargo Middle Market Banking in Nevada from 2003 to 2017. “Denette has lived in Las Vegas for more than 40 years and has helped customers succeed through all business cycles.”

Prior to Suddeth’s promotion, she served five years as loan team leader for Wells Fargo Middle Market Banking in Las Vegas. Suddeth joined Wells Fargo in 2012 after many years with U.S. Bank, where she held leadership roles in relationship development, gaming industry services, and middle market banking.

Suddeth earned her bachelor’s degree in managerial finance from University of Nevada, Las Vegas. She also attended the Northwest Intermediate Commercial Lending School in Portland, Oregon, and the Pacific Coast Banking School in Seattle. An active member of her community, Suddeth serves as vice chair for the United Way of Southern Nevada. She also acted as chairman of the board for the Junior Achievement of Southern Nevada, and as council member for the Nevada Department of Education advisory council on Family Engagement.

More than 3,425 Wells Fargo team members live, work, and support customers and local communities in Nevada. Team members volunteered more than 20,000 hours last year to support non-profits and schools in communities across the state. In 2016, Wells Fargo donated more than $2.1 million to Nevada nonprofits and schools, including $776,356 in direct regional contributions to improve education in Nevada.

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