Wells Fargo Names Rick Redden Community Banking Leader for South Carolina
March 9, 2009
Veteran Wachovia leader remains in key regional leadership post
CHARLOTTE, NC – March 9, 2009 – Stan Kelly, Wells Fargo Community Banking regional president for North Carolina and South Carolina, announced that Rick Redden will remain regional president for South Carolina.
Redden has served in this role since July 2007 and is responsible for retail banking, small business banking, and business banking operations, as well as community leadership in the region Redden will continue to be based in Charleston S.C.
“I’m very pleased to have a talented and seasoned banker like Rick leading this important market for our company,” said Stan Kelly, Wells Fargo Community Banking regional president for the Carolinas. “Rick understands the needs of our local customers, teammates and the community, and will provide continuity as we begin the process of combining the best of Wachovia and Wells Fargo.”
Redden joined Wachovia in 1993. He has held numerous leadership positions including Carolinas risk director, senior risk manager in Coastal Corporate Banking, Commercial Banking manager for the Palmetto Region and chief risk officer for South Carolina.
“I am excited to continue in this role and to lead a terrific group of teammates,” said Redden. “My priority is to ensure a smooth merger transition for our customers and communities around the state. We are very committed to South Carolina and our customers will be at the forefront of every decision we make.”
Redden received a bachelor’s degree in business from Appalachian State University and a master’s in business administration from Georgia Tech. He also completed the Wachovia Executive Leadership Program at the University of North Carolina-Chapel Hill. Redden, a resident of the state for more than two decades, is a graduate of Wando High School in Mount Pleasant, S.C. He lives in Charleston with his wife Angela; son Forrest; and daughter Merritt.
In South Carolina, Wachovia is a top private employer with more than 3,200 employees and is the market share leader based on the FDIC’s Summary of Deposits. The company has more than 135 financial centers and over 250 ATMs throughout the state.
About Wells Fargo
Wells Fargo & Company is a diversified financial services company with $1.4 trillion in assets, providing banking, insurance, investments, mortgage and consumer finance through almost 11,000 stores and the internet (wellsfargo.com) across North America and internationally. Wachovia Bank, N.A. is a subsidiary of Wells Fargo & Company.
