You are reading

Wells Fargo Commercial Bank Slated For Long Island City

Wells Fargo

Dec. 16, 2015 Staff Report

Wells Fargo will open a commercial banking location in Long Island City next year, its first outside of Manhattan.

The new Regional Commercial Banking Office will sit at 47-40 21st St. and is slated to open in March 2016.

Wells Fargo’s RCBO customers are businesses including manufacturers, wholesalers, retailers and service companies. According to a release from the company, this new office is geared in particular towards the outer boroughs’ middle market companies in industries such as warehousing, transportation, real estate, manufacturing, distribution, apparel and healthcare.

Historically, Wells Fargo has served outer borough middle market companies from its Manhattan offices.

“Establishing offices in New York’s outer boroughs offers Wells Fargo a unique opportunity to serve middle market companies in Queens, Brooklyn, Staten Island and the Bronx close to home with local bankers,” John Manning, head of Wells Fargo Commercial Banking’s East Region, said in a statement.

The Long Island City office will be led by Josephine Savastano, who joined Wells Fargo in 2013 as an RCBO regional vice president. Savastano is also a Long Island City Partnership board member.

email the author: news@queenspost.com

2 Comments

Click for Comments 
MRLIC

There are more banks than we need. In Manhattan there are banks and Duane Reades on every corner. I hope that don;t happen here in LIC.

Reply

Leave a Comment
Reply to this Comment

All comments are subject to moderation before being posted.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Recent News

Five Queens startups win $20,000 each in 2024 Tech + Innovation Challenge

May. 19, 2024 By Czarinna Andres

A diverse range of businesses, including a yoga studio, an olive oil distributor, a female health care provider, a sustainable mushroom farmer, and an AI-powered physical therapy service, have been named winners of the 2024 Queens Tech + Innovation Challenge (QTIC). Each winner will receive a $20,000 grant to support their business operations.

QBP Richards, advocates rally to demand Mayor Adams restore funding to City’s libraries

May. 17, 2024 By Gabriele Holtermann

A rally was held at the Queens Public Library at Forest Hills on May 16, during which Queens Borough President Donovan Richards, Queens Public Library President and CEO Dennis Walcott, union reps and library advocates called on Mayor Eric Adams to reverse the proposed $58.3 million budget cuts to the New York Public Library (NYPL), the Brooklyn Public Library (BPL), and the Queens Public Library (QBL) for Fiscal Year 2025, which begins on July 1, 2024.

Queens elected officials secure $70 million from New York State Budget for school safety equipment in religious and independent schools

May. 17, 2024 By Anthony Medina

Religious and independent schools throughout the city will soon receive additional funding for school safety equipment, thanks to Assemblymember Andrew Hevesi and State Senator Michael Gianaris, who, after extensive advocacy efforts, successfully secured $70 million from the New York State Budget for 2024-25 for Non-Public School Safety Equipment (NPSE) grants.