Hugh Long, the president of Wells Fargo's (WFC) Pennsylvania and Delaware market is leaving the post to become the bank's new head of business banking.

In the newly created position, Long and his team will target businesses with annual revenue of $2 million to $20 million. Long will report to Carrie Tolstedt, Wells Fargo's executive vice president of community banking who oversees the company's retail and business-banking operations.

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