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Wells Fargo Opens Regional Office In Chicago, Illinois’ West Loop

Area Development Online News Desk (09/18/2013)
Wells Fargo & Company opened its new regional headquarters at the CME Center in Chicago, Illinois’, West Loop.

“Wells Fargo and Chicago share rich and storied histories,” said John Stumpf, Wells Fargo chairman and CEO. “We see opportunities to serve a broad range of commercial, corporate, and individual customers in Chicago – relationships that will propel Wells Fargo’s growth into the next decade.”

Now assembled at the regional hub are 40 Wells Fargo business lines collected from four locations around the city into one central hub where employees can more easily collaborate, learn new skills, and meet with customers. Wells Fargo expects to continue adding positions as growth continues, Mayor Rahm Emanuel’s Office said. Wells Fargo has committed its presence at CME Center through 2028, with an option for 10 more years.

“Wells Fargo is another great example of a global firm recognizing Chicago’s importance as a global city, and committing to be a part of the city’s future,” the Mayor said. “Wells Fargo has benefited from the world-class talent and quality of Chicago’s employees for years and sees Chicago’s growing strategic importance in the world economy. This move is the result of the creation of additional jobs for the residents of Chicago, and will build the strength of our city's collaborative, highly-trained workforce."

“Wells Fargo has continued to increase jobs and grow our businesses in Chicago even during the recession,” said Lisa N. Johnson, head of the Wells Fargo Commercial Banking Midwest Division, whose team is based at the company’s new Chicago hub. “Our company and our team members – Chicagoans who live and work here – are deeply embedded in this exciting city and will continue to invest their resources here.”

"We are pleased to welcome Wells Fargo's new regional headquarters to Chicago, where the company is sure to benefit from the city's skilled workforce, superb quality of life and access to the world," said World Business Chicago President and CEO Jeff Malehorn. "We look forward to working with Wells Fargo for years to come."

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