Wells Fargo Expands Middle Market Banking in New England

Wells Fargo’s Middle Market Banking group opened a regional office in Worcester, MA, rounding out the bank’s New England expansion. The bank tapped 28-year banking veteran Deborah (Deb) Larsen to lead commercial lending operations in Central and Western Massachusetts.

The new commercial office marks Wells Fargo’s fifth in New England. The bank first launched the New England division in 2015 under the leadership of Boston-based Gregory O’Brien. Since then, the company has opened offices in Providence, RI; Portland, ME; Manchester, NH and now, Worcester.

“Our mid-market commercial operations model is to have local representation backed by specialized resources, whether that’s industry expertise or specific financial capabilities that our bank can provide,” said O’Brien, New England division manager for Wells Fargo Middle Marking Banking. “We partner with those resources, wherever they may be located, to deliver comprehensive financial services and solutions to our customers.”

Larsen now leads Wells Fargo’s local middle market banking business, which provides credit, treasury management and deposit products and services to middle-market companies with revenues of $20 million and more, from Worcester and North Worcester County to Springfield, MA. Reporting to Larsen is Ben Leonard, senior relationship manager, based in Springfield, MA.

“Deb is an experienced commercial banker in this region and brings her passion for serving middle-market companies’ financial needs to our expanding Wells Fargo team in New England,” O’Brien said. “She will lead this growing market with integrity, diligence and commitment to serving our clients and community.”

Larsen began her banking career in 1990 with First National Bank of Boston (predecessor to Fleet Bank and later Bank of America), managing credit and deposit portfolios for middle-market companies. After nearly 20 years with Bank of America, she joined UniBank for Savings, where she served as a senior lender in commercial and business banking in Worcester.

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