Wells Fargo Creates Home Builder Banking Group

Wells Fargo & Co. has formed a new business unit to serve the needs of its residential developer clients on the East Coast, Texas, and Midwest.

According to the San Francisco-based lender, the new group will ‘provide a comprehensive suite of financial solutions including project and corporate financing facilities, and a referral network to treasury management, insurance, mortgage and capital markets products.’ The group, which consists of 14 bankers located across the country, will also serve as a centralized resource on the industry for Wells Fargo's entire commercial real estate business. Wells Fargo's existing home builder relationships in the West will continue to be served by their local coverage teams.

‘The home builder community has unique needs,’ says Bird Anderson, executive vice president at Wells Fargo, who will oversee the new team. ‘We believe our customers will benefit by having a group of experienced and dedicated bankers devoted specifically to this industry. We're starting to see some modest signs of increased demand in the homebuilding sector in many markets. Our dedicated banking team is ready to help satisfy our home builder clients' financial needs as the market begins its recovery.’


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