The Bankers: Bank of America & Wells Fargo

(page 2 of 2)

Wells Fargo

By the time you read this, the muted blue-and-green signs of Wachovia will have been replaced by the red-and-orange stagecoach thingy of Wells Fargo. And the days of Charlotte being home to two of the largest banks in the world will be an increasingly distant memory. But! Wells Fargo employs 20,700 people here, give or take. It controls a lot of office space downtown and a huge campus in the University area. It has propped up the arts in the past year, allaying concerns that Wells wouldn’t support the local community. And, so far at least, its stock price hasn’t been as scary as that other bank in town. Charlotte can’t claim the top guy anymore, but several Wells bankers have sway here.


John Stumpf, CEO

What’s that? Haven’t seen Mr. Stumpf at too many Charlotte cocktail parties? That’s because the dude lives in California. He leaves it to his lieutenants to run the East Coast “hubquarters,” as they’ve taken to calling Charlotte. But still. He’s the boss.










David Carroll, Senior Executive Vice President, Wealth Management (Only local executive who reports directly to CEO)

This former First Union big shot was once rumored to be in line for the CEO seat before the events of fall 2008. Reporting directly to Wells CEO Stumpf, he’s the highest-ranking exec in Charlotte, though he mainly stays out of the public eye—except during the Wells Fargo Championship golf tourney, when his group entertains its biggest customers.









Laura Schulte, President of Community Banking, Eastern Region

She oversees all the branches on the Eastern Seaboard and was one of the first Wells execs to move to Charlotte after the merger. She’s been involved with most of the key nonprofits, such as Center City Partners and the Arts & Science Council, even if she keeps a somewhat low public profile.











Kendall Alley, Charlotte Regional President

Alley, who was with Wachovia in Atlanta before Wells Fargo took over, is the public face of the bank in Charlotte. He does the key interviews and hands over the big charitable checks. If you’re only going to schmooze one Wells banker in Charlotte, this is the guy.










Mike Rizer, Executive Vice President/Community Development Director

He has national responsibilities, heading up all community outreach for the bank. But he’s based here and he serves on a litany of local boards, including the Charlotte-Mecklenburg Coalition for Housing (which was formed to implement a ten-year plan to end homelessness here) and Foundation For The Carolinas.











Tami Simmons, Director of Corporate Philanthropy and Environmental Affairs

Wells Fargo, much to the delight of Charlotte nonprofits and schools, is cultivating quite the reputation for generosity. The bank gave away more than $7.3 million in Charlotte in 2010, and lately has become the go-to funder for arts and culture. And legacy Wachovian Tami Simmons is the one approving all those checks. She also serves on numerous boards, including the YWCA and Communities in Schools.











We invite your responses and discussion. Please refrain from personal attacks, profanity, commercial promotion, or non sequiturs.

Add your comment:


Stay up-to-date on all things Charlotte by signing up for our newsletters. Learn more by clicking here.

Newsletter Sign Up

Blogs »

Dine & Dish

News, Notes, and Gossip About the Charlotte Restaurant Scene

Try This: Scallops at Nan & Byron's

Scallops are tricky, but Nan & Byron's new-ish head chef Kyle Rhodes has come up with a way to fuse the shellfish with classic fall flavors


Charlotte at Home

Creating Your Space in the Queen City

A Cheese Plate for the Tailgate

We consult the experts for a casual game-day assortment


Poking the Hornet's Nest

Greg Lacour on Politics

The Group That's Taking On 'Citizens United'

A national group with a Charlotte chapter is trying to drum up support for the abolition of corporate personhood. Are they dreamers, realists, or both?



Andy Smith on Charlotte Arts & Culture

This Weekend in Charlotte: Bachtoberfest, GUTS CLT, Halloween at the Haven


Dusk Till Dawn

Jarvis Holliday Chronicles Charlotte's Nightlife and Social Scene, Straight No Chaser

Buzz Fest, Celebrity DJs and Parties, Dogtoberfest, Grave Diggers Ball, Seahawks vs. Panthers Viewing Parties, and More - Oct. 23-26

The 20 social events and parties you should know about this Thursday through Sunday.