Wells Fargo names head of Business Banking

Wells Fargo has appointed Dennis Devine as its new head of Business Banking, effective in late February 2026.

Key facts

• Role and scope: Devine will lead Wells Fargo’s Business Banking unit serving business customers with annual sales of up to $25$ million, reporting to Kleber Santos, Co‑CEO of Consumer Banking and Lending.

• Location: He will be based in Charlotte, North Carolina.

• Effective date: The appointment is effective immediately per the press release, with announcements dated February 22–23, 2026.

Devine’s background

• Most recent role: President and CEO of Alliant Credit Union.

• Prior roles: Led consumer and business banking at KeyBank, overseeing retail, business banking, wealth, home lending, and auto finance.

• Earlier career: Held leadership positions at Citizens Financial Group, PNC, and National City.

• Experience: More than 20 years in financial services, largely in consumer and business banking.

Strategic context

• Segment focus: Wells Fargo highlights Business Banking as serving small and mid-sized firms nationwide and as a core contributor within Consumer Banking and Lending.

• Competitive angle: Commentaries frame the hire as part of a push to strengthen small‑business banking amid intense competition for SME relationships at large banks.

What additional angle are you most interested in here—org implications (e.g., reporting lines, overlap with Commercial Banking), competitive read-through, or implications for small‑business credit strategy?