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Banking | Finance 2025: MCLAUGHLIN, SHANE
NORTHERN VIRGINIA REGION EXECUTIVE, WELLS FARGO, MCLEAN
Virginia Business //September 2, 2025//
Banking | Finance 2025: MCLAUGHLIN, SHANE
NORTHERN VIRGINIA REGION EXECUTIVE, WELLS FARGO, MCLEAN
Virginia Business //September 2, 2025//
In 2024, McLaughlin quietly stepped into the role of regional bank president for Washington, D.C., Northern Virginia and much of Maryland, following the exit of John Allen, who had been the region bank president for D.C. and Maryland. Allen is now executive vice president and chief banking officer of City First Bank.
A Virginia Tech alumnus, McLaughlin joined Wachovia in 2004, working as a licensed financial specialist in Richmond. He quickly climbed the ranks, first becoming a financial specialist sales leader, then West End district manager.
Following Wells Fargo‘s acquisition of Wachovia, McLaughlin in 2011 was named area president in Washington, D.C. He later took over the Northern Virginia market. In 2017, Wells Fargo named McLaughlin region bank president for northern Virginia.
San Francisco-based Wells Fargo reported about $1.92 trillion in assets at the end of 2024. It is the nation’s fourth largest bank. Over the years, the company’s workforce has dropped. It had about 272,000 workers in 2019 and reported 218,000 employees as of the end of 2024.
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