The FINANCIAL — Continuing to invest in new resources for U.S. middle market companies, Wells Fargo announced on January 22 that it has chosen El Paso as home for a new Middle Market Banking office.
El Paso is the latest addition to the bank’s national network of regional commercial lending offices that now totals more than 120 across the U.S. and Canada.
Vanessa Barreda-Ramirez has been promoted to lead the West Texas location, advancing the bank’s community-based approach to serving privately held, middle-market companies with revenues of $20 million and above. Barreda-Ramirez, an 18-year El Paso banker, will help Wells Fargo continue its double-digit, year-over-year commercial lending growth in the Southwest. She most recently was a senior relationship manager for Wells Fargo’s Business Banking Office in El Paso, serving companies with revenues of $5 million to $20 million, according to Wells Fargo.
“At a time when some banks are pulling back across the state, Wells Fargo is pushing forward, adding offices, and hiring talented bankers to serve Texas companies,” said Guido Kemp, Wells Fargo Middle Market Banking manager for New Mexico and West Texas. “Our strength and stability allow us to invest in communities where middle market companies continue to power the local economy.”With the expansion to El Paso, Texas is now home to a total of eight Wells Fargo Middle Market Banking offices, including three regional offices in Dallas/Fort Worth, three in Houston, and one each in San Antonio and Austin.
“The El Paso market has been a good market for us, and we continue to deepen our relationships with great companies in the area,” Barreda-Ramirez said. “I am honored by the number of businesses that entrust us to meet all of their financial needs each and every day.”
Before joining Wells Fargo in 2015, Barreda-Ramirez held positions at JP Morgan Chase in El Paso. She earned a bachelor’s degree in business administration and an MBA in finance from University of Texas, El Paso.