Wells Fargo Middle Market Commercial Banking recently announced that Karen Fluegge has been promoted to regional vice president of the Bellevue Middle Market Commercial Banking region. Her team serves eastern King, Snohomish, Skagit, Whatcom, and San Juan counties. Karen Fluegge succeeds Don Grant, a 39-year Wells Fargo veteran, who retired at the end of June.
In her new role, Karen Fluegge leads 19 local Wells Fargo commercial banking professionals who serve middle-market, public, and privately held companies with annual revenues greater than $20 million. Wells Fargo is the No. 1 middle market lender in the U.S.
“Karen’s strong sales leadership and her constant dedication to putting customers first made her the perfect choice to lead the Bellevue and North Puget Sound markets,” said Mary Knell, head of Wells Fargo Middle Market Commercial Banking in Washington and Western Canada.
Karen Fluegge brings expertise in working with many Pacific Northwest industries, including technology, life sciences, and manufacturing. Most recently, Fluegge served as senior vice president and head of business development for Middle Market Commercial Banking in the San Francisco Bay Area. Before that, she oversaw the East Bay regional office. Fluegge joined Wells Fargo in 1990 as a relationship manager. She has also managed a privately held business and consulting practice.
Karen Fluegge holds a bachelor’s degree in economics from University of California, Davis, and an MBA from the University of Southern California. She has also volunteered on education boards in her local community and with Special Olympics of Northern California.
About Wells Fargo Middle Market Commercial Banking
Wells Fargo is No. 1 in total middle market banking share in the U.S. and has the most lead banking relationships with middle market companies with $25 million to $500 million in annual sales.* With 140-plus offices in 38 states and four Canadian provinces, Wells Fargo Middle Market Commercial Banking provides local service and decision-making for businesses with $20 million and higher in annual sales. Asset-based lending, traditional secured loans, and capital markets provide access to working capital for day-to-day operations and growth. Expertise and services are available to specialty industries, including food and agribusiness, healthcare, government, higher education, clean technology, and environmental services.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.8 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through 8,800 locations, 13,000 ATMs, the internet and mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 269,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 30 on Fortune’s 2015 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially.