Wells Fargo & Company announced it has named Steve Sloan – a financial services veteran with deep commercial and corporate banking experience – as head of Middle Market Banking for Northern California. Based in San Francisco, Sloan oversees more than 150 team members at offices in Chico, Monterey, Oakland, Palo Alto, Sacramento, San Francisco, San Jose, Santa Rosa, and Walnut Creek.
Sloan succeeds Rohan Kalbag, who was recently promoted to Middle Market Banking Chief Risk Officer. Most recently, Sloan managed a team of 75 bankers in Los Angeles who serve middle-market clients in Wells Fargo’s Southern California Coastal division. Sloan joined Wells Fargo in 2011 from City National Bank, where he worked for more than 25 years in a variety of senior leadership roles, including seven years as head of City National’s Corporate Banking and Structured Finance businesses.
“Given the complexity and scale of the Northern California market, it’s important for us to have experienced bankers like Steve advising our Bay Area clients,” said Sanjiv Sanghvi, head of Middle Market Banking for the West region. “Northern California is a highly diverse economy. Steve’s leadership will be invaluable in helping local middle-market companies grow and expand their capabilities.”
A recent Wells Fargo Economics report shows Northern California companies remain confident about the future and continue to add jobs, thanks in part to today’s more diverse business base in the area. Strong growth in the technology, hospitality, construction, and restaurant industries — key industries for Northern California — have driven recent job growth.
“I look forward to working with our talented team of bankers in Northern California and continuing to bring ideas and financial solutions that meet the needs of the large middle-market business base,” said Sloan.
Sloan earned his bachelor’s degree in economics from the University of California at Santa Barbara and his MBA from the UCLA Anderson School of Management. An active member of his community, he is past president of Temple Israel of Hollywood, a historic Reform Jewish congregation of nearly 1,000 families, and he also serves on the board of directors for Jewish Vocational Service Los Angeles. Until recently, Sloan was also a board member of the Los Angeles County Economic Development Corporation.