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Wells Fargo Taps Owens to Lead Maryland Mid-Market Banking

September 23, 2016, 07:50 AM

Wells Fargo Middle Market Banking has named Susan Owens to head commercial banking operations in Maryland. As regional vice president, Owens oversees a team of financial service professionals based at the bank’s Baltimore Middle Market Banking hub.

Owen’s 31-year tenure at Wells Fargo includes 20 years of credit management and 10 years of relationship management and business development. Most recently, she led Middle Market Banking business development in central and eastern Virginia.

“We are fortifying our Maryland leadership with a seasoned finance professional with a track record of meeting our customers’ needs,” said Edmond Lelo, Mid-Atlantic division manager for Wells Fargo Middle Market Banking. “Susan understands the nuances of this key business sector and is dedicated to helping companies thrive.”

Maryland is home to more than 3,000 mid-size businesses, according Lelo. Nationally, middle-market companies employ more than 50 million Americans.

Wells Fargo Middle Marketing Banking offices primarily serve privately held, family-owned companies with annual revenues of greater than $20 million across a spectrum of industries, including manufacturing, wholesale, retail, distribution, construction, and clean tech.

With 140-plus offices in 38 states and four Canadian provinces, Wells Fargo Middle Market Commercial Banking provides local service and decision-making for businesses with $20 million and higher in annual sales. Asset-based lending, traditional secured loans, and capital markets provide access to working capital for day-to-day operations and growth.

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