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Wells Fargo Promotes Longtime Vet to Central Coast Middle-Market Banking Leader

June 27, 2018, 07:41 AM

Wells Fargo announced that 26-year banking veteran Marci Davis has been promoted to Central Coast Middle Market Banking regional manager. She succeeds Barbara White Thompson, who became head of the company’s Business Risk Management Group.

Davis, a senior vice president, now leads a local team of a dozen commercial banking experts who provide credit, treasury management, and deposit products to middle market companies with annual revenues of $20 million and higher. The group provides local relationship managers with access to local credit decision-making authority to some of Central Coast’s largest and most-recognizable companies in food, beverage, agriculture, energy, manufacturing, wholesale, retail, distribution, and technology.

“Marci understands the diverse needs of Central Coast middle market companies and has spent more than two decades building trust and helping local businesses succeed,” said Steven Sloan, Northern California Division manager for Wells Fargo Middle Market Banking. “Her expertise, integrity, and diligence will ensure that the momentum we have built for many years serving local businesses continues.”

Middle market companies drive the U.S. economy as an important engine of job creation. More than 200,000 companies — mostly privately held — generate more than $10 trillion in annual revenues. California ranks among the top 10 states for middle market firms’ headquarters and is home to more than 21,000 middle market businesses, according to the National Center for the Middle Market. Wells Fargo, which has provided local commercial banking expertise and lending in California for more than a century, has 24 commercial lending offices statewide.

Based at Wells Fargo’s Monterey commercial lending office, Davis brings more than two decades of finance and relationship management experience to her new role. She started her career as a bank examiner with the Federal Deposit Insurance Corporation before working with Bank of America commercial banking in California’s Central Valley. In 2005, Davis accepted a senior relationship manager role at Wells Fargo, holding positions in its Business Banking and Wealth Management Groups. She joined the Central Coast Middle Market Banking regional commercial banking office in 2010 as a portfolio manager. Most recently, Davis served as the office’s loan team manager.

A native of California’s Central Valley, Davis earned a bachelor’s degree in finance from California State University, Stanislaus.

She lives in Carmel, California, and is among more than 43,000 Wells Fargo employees who live, work, and support customers and communities in California. In 2017,  the company’s Golden State employees volunteered more than 250,000 hours and donated nearly $55.6 million in communities statewide. Wells Fargo donated more than $55.6 million to California nonprofits and schools that same year, including more than $21.5 million for community development, financial literacy, housing, and small business projects.

In 2017, Wells Fargo served Central Coast customers and communities through philanthropic investing of more than $2.1 million to 179 local nonprofits and schools through corporate and foundation giving, including $896,780 for community development project. Wells Fargo offers financial services to Monterey customers including banking, investments, mortgage, and consumer and commercial finance. More than 1,500 Wells Fargo team members live and work in Central Coast communities.


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