PRINCETON, N.J.--(BUSINESS WIRE)--

Wells Fargo (WFC) has its sights set on the Metro Park area in Iselin, New Jersey for its Commercial Banking hub for the Central part of the state. At the helm of the Regional Commercial Banking Office (RCBO) in Metro Park is James King, who has been promoted to regional vice president.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150827005096/en/

Increased demand for Wells Fargo products and services from the region’s companies – including the manufacturing, distribution, healthcare, hospitality, and commercial real estate sectors – spurred the bank’s expansion into Central New Jersey.

“Wells Fargo has a focused strategy on New Jersey, and establishing a formal RCBO in Central New Jersey is part of the overall investment we are making in the region,” said John Manning, head of Commercial Banking for the East Region. “Central New Jersey is part of a larger commitment to grow our business throughout the state. Jim King, a fellow Rutgers graduate, has deep New Jersey roots, and a breadth of experience and knowledge working with middle market companies.”

A 29-year Wells Fargo veteran, King leads a team of 17 commercial banking professionals, currently based in Basking Ridge, who serve middle-market companies throughout Central New Jersey. In addition to the office opening in Iselin, Wells Fargo has New Jersey Regional Commercial Banking Offices in Haddon Township and Summit, with a satellite office located in Princeton. All Basking Ridge team members will be relocating to Metro Park.

King began his banking career with First Fidelity Bank and since 1996 has held positions in commercial banking with Wells Fargo predecessor’s Wachovia Bank and First Union National Bank. Since that time, he has held various relationship management roles at Wells Fargo, and most recently was a senior relationship manager and group leader in Commercial Banking in Southern New Jersey.

King holds a bachelor’s degree in economics and English from Rutgers University. He is also a graduate, with a master’s in finance from the W. Paul Stillman Graduate School of Business at Seton Hall University in South Orange, New Jersey.

About Wells Fargo Commercial Banking

With more than 140 offices in 38 states and three Canadian provinces, Wells Fargo Commercial Banking provides local service and decision-making for businesses with annual revenues of greater than $20 million. 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 life sciences, technology, food and agribusiness, healthcare, government, higher education, clean technology, and environmental services. Wells Fargo has the highest market share of middle-market company relationships in the U.S., according to the 2013 TNS Commercial Banking Momentum Monitor. Winner of the 2015 TNS Choice Awards, Wells Fargo is the No. 1 preferred bank by companies in the U.S. with annual sales of $50 million to $2 billion.

About Wells Fargo

Wells Fargo & Company (WFC) is a nationwide, diversified, community-based financial services company with $1.7 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through 8,700 locations, 12,800 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 266,000 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 all our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150827005096/en/

MULTIMEDIA AVAILABLE:http://www.businesswire.com/news/home/20150827005096/en/