SAN FRANCISCO – Wells Fargo has formed a group dedicated to serving residential developer customers on the East Coast, Texas and in the Midwest.
The homebuilder banking group is made up of 14 bankers located throughout the country that will provide a range of products, including project and corporate financing facilities, and a referral network to treasury management, insurance, mortgage and capital markets products, according to American Banker, an affiliate of Credit Union Journal. The team will serve existing customers while also looking for new business within its coverage area. Wells Fargo’s existing homebuilder customers in the West will continue to be served by local bankers.
Wells Fargo said it is beginning to see “modest signs of increased demand in the homebuilding sector in many markets.” The bank said homebuilder customers will benefit from a group of bankers focused on this specific industry.
