As demand for new homes picks up, Wells Fargo & Co. (WFC ) says it's staying ahead of the curve by launching a homebuilder banking team to better serve the financial needs of homebuilders.
The team will serve residential developer clients located on the East Coast, Midwest and Texas. Made up of 14 bankers located across the country, the team will function as a central resource for Well Fargo's real estate business.
"We believe our customers will benefit by having a group of experienced and dedicated bankers devoted specifically to this industry," said Bird Anderson, executive vice president at Wells Fargo.
The team will offer financial plans covering project and corporate financing, treasury management, insurance, mortgages and other capital markets products.