35-year financial services veteran to lead nationwide team serving 3,000 government clients

SAN FRANCISCO--(BUSINESS WIRE)--Oct. 8, 2024-- Wells Fargo & Company (NYSE: WFC) today named Elena M. Gallo as Government Banking Division Executive. Gallo, a 35-year financial services veteran, succeeds Mara Holley, who is retiring after leading Government Banking since 2015. Gallo is based in New York.

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Elena M. Gallo, Government Banking Division Executive, Wells Fargo Commercial Banking (Photo: Wells Fargo)

Gallo has served as Northeast market executive for Government Banking since 2019, leading a team of relationship managers from Virginia to Maine. They serve the financial needs of federal and state agencies and authorities, water districts, and school districts.

“We’re fortunate to have someone with Elena’s leadership ability and expertise in big, complex government entities,” said Phillip Smith, vice chair of Specialized Industries, which includes Government Banking. “Her wealth of experience will propel our team and clients to new levels of success.”

In her new role, Gallo will lead Government Banking nationwide for Wells Fargo’s Commercial Banking division, serving more than 3,000 government agencies, public utilities, transportation, and housing authorities in 43 states.

“I am thrilled about Elena’s elevation to the new division executive role for our Government Banking businesses,” said Mara Holley, whose Wells Fargo career spanned 30 years. “I am confident she will lead our team with energy and wisdom in support of our clients.”

Gallo joined Wells Fargo in 2003 in treasury management sales and became Northeast Regional vice president in 2017. Before that, she worked more than a decade at JPMorgan Chase. A native of New York, Gallo earned a bachelor’s degree in business administration from Wagner College on Staten Island.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 34 on Fortune’s 2024 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.

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News Release Category: WF-LO

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Media
Gabriel Boehmer, 503-830-9995
gabriel.h.boehmer@wellsfargo.com

Source: Wells Fargo & Company