Wells Fargo (WFC) is forming an advisory board to strengthen its commercial banking presence in New England.
Banking veterans Bob Smyth, Frederick "Fritz" Ferbert and David Splaine will make up the executive advisory board, Wells announced Tuesday. The board will advise Wells' regional commercial lending team in Boston.
Smyth is the former chairman, president and chief executive of Citizens Bank of Massachusetts, a subsidiary of Royal Bank of Scotland's Citizens Financial Group. Ferbert is a retired executive vice president and market executive of middle-market banking at Bank of America (BAC). Splaine has been director of Georgetown Bancorp (GTWN) since 2008.
"Boston is one of the largest and fastest growing regional commercial banking offices at Wells Fargo, and I'm thrilled to have the support of these three highly-regarded banking veterans as we grow our presence in New England," Greg O'Brien, Wells' regional head of commercial banking in New England, said in a press release.
Wells has more than 3,000 commercial lending employees in New England. Its commercial bank serves midsize businesses with annual sales over $20 million.
The San Francisco company has $1.4 trillion in assets.