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Wells Fargo

Jul 30, 2024

Big deals

These economic development announcements were some of the largest in Virginia for 2023 and the first half of 2024: CENTRAL VIRGINIA Chesterfield County: In April, the offices of U.S. Sens. Tim Kaine and Mark Warner and U.S. Rep. Jennifer McClellan announced that Danish electrolyzer manufacturer Topsoe plans to build a $400 million manufacturing facility with […]

Feb 28, 2024

Roanoke/New River Valley Big Deal: Banking on Roanoke

When Roanoke County economic development officials pitched Wells Fargo on expanding its customer support center operation in the county, they emphasized how well they’d taken care of the nation’s fourth-largest bank previously and how they would continue to do so. The pitch worked. Now the bank’s $87 million expansion will be the largest commercial office […]

Sep 26, 2023

Wells Fargo to launch $87M expansion in Roanoke County

San Francisco-based Wells Fargo will spend $87 million to modernize and expand its Roanoke County customer support center, adding 1,100 jobs in a deal that will make the bank the county’s largest employer. The deal is also the largest project employment announcement in the county’s history, as well as its largest commercial office investment, Gov. […]

Aug 30, 2023

Finance | Insurance 2023: JOSEPH W. ‘JOE’ MONTGOMERY

It’s coming up on Montgomery’s 50th anniversary of working at Optimal Service Group of Wells Fargo Advisors, a wealth management firm with about $28 billion in funds under advisement. A former All-American captain of William & Mary’s football team, Montgomery was inducted this year into the Virginia Sports Hall of Fame. When he wasn’t chosen […]

Aug 30, 2023

Finance | Insurance 2023: JANET N. TOPE

Many executives at Tope’s level have a long list of employers on their résumés. Tope has just one: Wells Fargo. The Florida State University alumna “stumbled into” the bank in 1988 straight out of college with her business degree in hand and has been there ever since. In 2017, she was promoted to director of […]

Aug 30, 2023

Finance | Insurance 2023: SHANE McLAUGHLIN

McLaughlin has been at Wells Fargo for more than 12 years, including six as the bank‘s region bank president for Northern Virginia. A Virginia Tech graduate, McLaughlin joined Wachovia as a licensed financial specialist in 2004 and became a Wells Fargo employee when that bank acquired Wachovia in 2008. In 2011, McLaughlin was given leadership […]

Feb 5, 2021

Wells Fargo makes $1.5M donation for small business loans

Wells Fargo & Co., Virginia’s third-largest bank by 2019 deposits, announced Thursday it has donated $1.5 million to Richmond-based nonprofit Virginia Community Capital (VCC) to help local minority and/or woman-owned small businesses stay open and save jobs amid the pandemic. During the next two years, the VCC will disburse $1 million of the funding in […]

Feb 1, 2021

Wells Fargo to lay off 320 Henrico County employees

The investment management and financial brokerage business unit of Wells Fargo & Co., Virginia’s third-largest bank by 2019 deposits, will lay off 320 employees from its Henrico County office. The wealth and investment management jobs are moving to some of the bank’s larger locations, Wells Fargo Advisors spokesperson Shea Leordeanu said in a statement. Wells […]

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