Wells Fargo & Company said that John C. Adams has been named head of Commercial Banking, effective immediately. He is based in San Francisco.
Adams reports to Perry Pelos, the former Commercial Banking head, who in July was promoted to a new position that oversees Corporate Banking, Commercial Banking, Government and Institutional Banking and Treasury Management, which are part of the company’s Wholesale Banking group.
Adams is a member of the company’s Management Committee and a 30-year Wells Fargo veteran of commercial and corporate banking. Last year – after nearly two decades of increasing responsibility in Northern California, the Pacific Northwest, and western Canada – he was given charge of Wells Fargo’s biggest Commercial Banking division: 44 regional offices with 600-plus team members in the West. He has also grown the Silicon Valley-based Technology Banking Division to nine cities nationwide, including Seattle, Los Angeles, Boston, and Austin.
In his new role, Adams will oversee more than 140 Wells Fargo Regional Commercial Banking Offices in 38 states and three Canadian provinces, serving middle market companies with annual revenues of greater than $20 million in a broad spectrum of industries, including manufacturing, wholesale, retail, distribution, construction, clean-tech and services.
“John’s steady rise over three decades epitomizes our Wells Fargo leadership story,” said Pelos, noting that his Commercial Banking management team averages 20 years of service. “It’s business as usual for our customers.”
Adams began in banking career in 1985 with First Interstate Bank of California. He earned a bachelor’s in economics and business administration from California State University-Chico, an MBA from Golden Gate University, and graduated from Pacific Coast Banking School. He studied management and leadership development at the Stanford Graduate School of Business and Harvard Business School. Adams is Silicon Valley Leadership Group secretary-treasurer. He also serves on the board of the Bay Area Council Economic Institute and the Chief’s Cabinet of the San Mateo Police Activities League.
Wells Fargo Commercial Banking provides local service and decision-making for businesses with annual revenues of greater than $20 million. Asset-based lending, traditional secured loans, and capital markets provide access to working capital for customers’ day-to-day operations and growth.