Wells Fargo Tech Unit to Open Offices in New York, Boston, Seattle

Print
Email
Reprints
Comment
Twitter
LinkedIn
Facebook
Google+

Wells Fargo & Co. (WFC) plans to expand its tech banking division into New York this year. The expansion of banking services targeted to tech-related companies comes on the heels of the fourth-largest bank by assets opening new offices in Boston and Seattle in 2013.

The division will have four specialty groups:

The technology group will handle software, hardware/networking, semiconductor, internet/digital, media/advertising and payments sectors. The CleanTech group will focus on businesses that manufacture, market or develop clean tech products and services. The Life Sciencesunit will handle pharmaceutical, medical device, health care information tech, biotech and diagnostic industries. A fourth group will provide venture fund services. All four provide loan, treasury management, deposit, international, and investment banking services.

JOIN THE DISCUSSION

SEE MORE IN

'The Law Penalizes the Consumers It Set Out to Protect': Comments of the Week

American Banker readers share their views on the most pressing banking topics of the week. As excerpted from the Comments sections of AmericanBanker.com articles.

(Image: Fotolia)

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.

The FinTech 100

FIS and Tata once again top the annual FinTech 100 list of vendors, ranked by revenue; IBM and Hewlett-Packard lead the pack of tech companies serving multiple industries; and Bionym and Silver Tail are among the 10 Tech Companies to Watch.
DAILY ENEWSLETTER UPDATE

A Newsletter featuring Bank Technology News' top stories plus special reports and data

This feature displays payments industry news and analysis from American Banker sibling brand PaymentsSource. Registration is required; for more information contact customer service.

TWITTER
FACEBOOK
LINKEDIN
Already a subscriber? Log in here
Please note you must now log in with your email address and password.