Wells Fargo Names Malcom to Lead Equipment Finance Bank Division

Wells Fargo & Company has appointed Brent Malcom as executive vice president for its Equipment Finance Division. Based in Minneapolis, Malcom will lead equipment finance sales, credit and service team and activities for the bank division of the newly-combined Wells Fargo Equipment Finance, Inc., and the former Wachovia Equipment Finance.

Equipment Finance's Bank Division provides competitive equipment financing solutions to business and commercial clients and works with the bank's varied relationship management teams.

"Under Brent's leadership, our loan and lease origination activity with bank clients has doubled since 2005 and last year exceeded $2.4B across 7,000+ equipment financings," says John McQueen, head of Wells Fargo Equipment Finance, Inc. and First Union Rail. "As a 21-year veteran of Wells Fargo, Brent has the experience and the expertise to continue expanding our customer focused business model and to partner with our bank officers in building lasting relationships."

Reporting to Malcom are:

-- Spence Hamrick, WFEFI Commercial Banking, national sales manager;

-- Scott McCann, WFEFI Commercial Banking, senior credit manager;

-- Tom Petersen, WFEFI Business Banking, national sales manager;

-- Dan McCall, WFEFI Business Banking, senior credit manager;

-- Mark Trollinger, WFEFI Specialty Credit.

About Wells Fargo Equipment Finance, Inc.

Wells Fargo Equipment Finance, Inc. is a wholly owned subsidiary of Wells Fargo Bank, N.A. Wells Fargo Equipment Finance, Inc. and its Canadian affiliate Wells Fargo Equipment Finance Company, serve more than 45,000 customers in the U.S. and Canada.

Wells Fargo & Company is a diversified financial services company with $1.3 trillion in assets, providing banking, insurance, investments, mortgage and consumer finance through more than 10,000 stores and 12,000 ATMs and the internet (wellsfargo.com) across North America and internationally.

SOURCE: Wells Fargo & Company

Wells Fargo & Company 
Katie Ellis, 415-222-3767

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