Wells Fargo to Expand Newly Restructured Tech Commercial Banking

Wells Fargo & Co. is pushing deeper into technology banking for small to midsize firms through staffing additions, as it seeks to capture a larger slice of the industry’s deals and financings.

The San Francisco-based bank plans to hire about 10 more bankers for its tech team within its commercial-banking business this year, after adding about 20 in 2024, according to Tom Harper, who oversees the team. The additions mark the largest investment in talent that Wells Fargo has made in the unit since it entered tech banking more than two decades ago.

Tech banking in the US went through ...