Two executives at Wells Fargo were lured away by Bank of the West that is wholly owned by BNP Paribas whose headquarters is located on Rue Rougemont. Again, I have found the Phantom of the Opera. How many California vineyards does this French Banque own? Was John DeLuca with Wells when they sponsored the REEL Recovery Film Festival associated with Alcohol Justice? Did a giant French bank use alcoholics in recovery to create a facade?
I am composing a message to the President of the United States of America. We got Dueling Banks fighting over California that was rested away from Mexico by my kin, John Fremont.
President: Belmont Soda Works
BancWest Corporation is wholly owned by BNP Paribas, (www.bnpparibas.com) a global leader in financial services. BNP Paribas is one of the six highest rated banks in the world according to Standard & Poor’s. Present in more than 70 countries, the company has more than 200,000 employees. BNP Paribas has a significant presence in the United States and Europe and strong positions in Asia and the emerging markets.
Prior to joining Bank of the West,
Prior to joining Bank of the West, DeLuca was a Senior Vice President at Wells Fargo Bank, where he led their Wine, Food & Beverage practice in the Western Division. Before that, he worked at Key Banc Capital Markets as Director/Consumer Banking National Head of Wine & Spirits. He holds degrees from the University of California at Berkeley (MBA), Johns Hopkins University (Master of International Relations) and Georgetown University (BA in Government).
Previously, Hsu spent more than 18 years with Wells Fargo Bank, where he held roles including Regional Operating Officer and Loan Team Manager for their San Francisco Commercial Banking Office. Most recently, he was Regional Team Lead of their North Coast Regional Commercial Banking Office. Hsu graduated with honors from the University of California at Davis with a degree in International Relations, Economics and a Minor in Chinese.
Jun 28, 2002
The Wine Institute has selected a successor for John De Luca, the organization’s longtime president and CEO. Robert “Bobby” Koch, a senior vice president in the institute’s Washington, D.C., office and the brother-in-law of President George W. Bush, will replace De Luca beginning July 1, 2003.
De Luca has led the Wine Institute, a trade organization of about 550 California wineries and affiliated businesses, since 1975. He announced his desire to step down a year ago, although he will remain involved with the organization in a newly created executive vice chairman position.
Gladys Horiuchi, the institute’s communications manager, said DeLuca’s new role has yet to be defined. DeLuca declined comment, and Koch was not available.
Koch, whose name is pronounced “cook,” has been with the institute for 10 years. Before that, he was a senior staff member for U.S. Congressmen Richard Gephardt and Tony Coelho, both Democrats. He is married to President Bush’s sister, Dorothy.
About Bank of the West
Bank of the West is a regional financial services company headquartered in San Francisco with $80.7 billion in assets as of June 30, 2016. Founded in 1874, Bank of the West provides a wide range of personal, commercial, wealth management and international banking services through more than 600 branches and offices in 23 states and digital channels. Bank of the West is a subsidiary of BNP Paribas, which has a presence in 75 countries with more than 189,000 employees. To learn more about Bank of the West, visit About Us.
Located just off the Grands Boulevards in Paris, at the bottom of rue Rougemont, an astonishing façade stands out like a backdrop. Approaching further, a curious onlooker will discover an immense building, with this historical monument forming the main entrance. This is the headquarters of the former bank, Comptoir National d’Escompte de Paris, built between 1878 and 1881 under the architect Édouard Jules Corroyer.
Significant drops in farm income and the escalating U.S.-China trade war are prompting a number of banks to scale back on their agricultural lending portfolios.
The farm-loan portfolios of the nation’s top 30 banks declined 17.5%, or $3.9 billion, to $18.3 billion from December 2015 to March 2019, a Reuters report found.
JPMorgan Chase trimmed $245 million, or 22%, of its farm-loan holdings between the end of 2015 and March 31 of this year, Reuters found.
Capital One Financial and U.S. Bancorp also cut their farm-loan portfolios — the former by 33% between the end of 2015 and March 2019, and the latter by 25% during the same period.
BB&T’s agricultural loan holdings fell 29% since peaking in the summer of 2016 at $1.2 billion, and PNC Financial Services Group cut its farm loans by 12% since 2015, Reuters reported.
“Wells Fargo has served the food and agriculture industry through numerous economic cycles, and we remain committed to helping farmers and food and beverage producers across the U.S.,” Phil Smith, head of Wells Fargo Specialized Industries, said in a release.
Wells Fargo Introduces National Food, Beverage and Agribusiness Group
ATLANTA – Committed to best serving the financial needs of customers across a variety of industries, Wells Fargo & Company (NYSE:WFC) announced today the formation of a national Food, Beverage & Agribusiness group, part of the company’s Specialized Industries division within Commercial Banking. The group is led by 24-year industry veteran Monica Cole, who is based in Atlanta and reports to Phil Smith, head of Wells Fargo Specialized Industries.
“Wells Fargo has served the food and agriculture industry through numerous economic cycles, and we remain committed to helping farmers and food and beverage producers across the U.S.,” said Smith. “Our team of experienced bankers provide our customers with financial services and solutions that help them grow and thrive through future generations. Monica’s talent and experience make her the right person to lead the team as they support an industry that is so vital to our economy.”
As the No. 1 agricultural production lender in the U.S. for 23 consecutive years, and a leading beverage lender, Wells Fargo’s Food, Beverage & Agribusiness team provides financial resources to help businesses grow. Understanding risk variables inherent within the industry — including legislative, regulatory, food safety, weather, disease, consumer trends, and international trade — Wells Fargo offers specialized financing for all areas of agribusiness and food and beverage, including input supply, production, processing, wholesale distribution, and retailing.
The national business includes a tenured group of food and agribusiness industry advisors, analysts and a dedicated agribusiness economist. The advisor group provides credit-assessment support, including strategic plan analysis, industry risk assessment and peer benchmarking. Focused on providing specialized industry perspectives to agribusiness customers and understanding the impact of regional, national and global economic conditions, the team distributes an industry newsletter, Food for Thought, to provide timely insight on various food and agribusiness trends and topics.
In addition to Cole, Wells Fargo has named the following leaders:
Jacquie Fredericks recently joined Wells Fargo from CoBank to lead the Agribusiness division for the Central region covering 16 states: Arkansas, Colorado, Iowa, Kansas, Louisiana, Minnesota, Missouri, Montana, North Dakota, Nebraska, New Mexico, Oklahoma, South Dakota, Texas, Wisconsin and Wyoming. Based in Denver, Fredericks brings more than 20 years of industry experience providing debt capital to agricultural producers, traders, processors and branded food companies, which has allowed her to contribute to the agricultural supply chain from farm to table.
Chris Nay is based in Chicago and oversees the national Food and Beverage team for Wells Fargo Commercial Banking. With 24 years in financial services, the past 13 specifically covering the food and beverage sector, his deep knowledge of the industry and understanding of the complex food and beverage supply chains help customers achieve their goals. The team primarily works with companies in food and beverage manufacturing and distribution.
Gene Peterson, a fourth-generation family farmer, has been named to lead the Agribusiness division for the West region covering nine states: Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah and Washington along with Western Canada. Based in Phoenix, Peterson began his career with the U.S. Department of Agriculture in 1985, administering agriculture, business and rural residential loans. He joined Wells Fargo in 1986. In 2006, his role expanded to oversee Wells Fargo Commercial Banking operations in addition to agribusiness lending in Arizona. He has worked in finance his entire 34-year career, 33 with Wells Fargo.
Shannan Townsend brings more than 30 years of financial services experience to her role leading the Agribusiness team in the East, covering 25 states: Alabama, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Kentucky, Maine, Massachusetts, Maryland, Michigan, Mississippi, North Carolina, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee, Vermont, Virginia and West Virginia along with Eastern Canada. Previously, Townsend led the Consumer Division within Corporate Banking where her team focused on companies with revenues exceeding $500 million in the Consumer Products, Food, Beverage and Tobacco sectors.
As previously announced, the Commercial Banking division combines three Wells Fargo businesses into one, making for a streamlined delivery model for clients with annual sales typically ranging from $5 million to $2 billion.
About Commercial Banking
Wells Fargo Commercial Banking delivers a comprehensive suite of products and industry expertise to serve the diverse financial needs of companies with annual sales typically ranging from $5 million to $2 billion. As a leader in serving commercial customers, Wells Fargo offers financial services, including credit and treasury management solutions, as well as specialized expertise across industries including Technology, Food, Beverage & Agribusiness, Investor Real Estate, Government, and Small Business Administration Lending. With more than 6,000 team members across 24 divisions and 80 markets nationwide, Commercial Banking provides customers with local service and decision making.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,600 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy. With approximately 263,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.Media Jen Hibbard, 415-314-3062 email@example.com http://www.twitter.com/jenhibbardWF