To oversee its Texas operations, Wells Fargo & Co. has re-hired a former executive who once served as a regional president on the East Coast.
Wells Fargo (NYSE: WFC) created a new layer of executives as part of a corporate restructuring, including bringing on David Miree as Texas region president. Miree is expected to work out of the Houston office and oversee 10,000 employees and 664 branches.
Wells Fargo is the largest retail bank in Austin with $1.7 trillion in assets and 55 branches — subscribers can check out the list at the bottom of this story to see how that compares to other big names in finance.
Miree will report to Michelle Lee, the eastern regional banking executive at Wells Fargo. Miree worked as executive vice president and region president for Wells Fargo’s Philadelphia and Delaware markets between May 2008 and December 2010, according to his LinkedIn profile.
Miree’s most recent position was as executive vice president of Webster Bank in Hartford, Connecticut where he managed the branch network and was responsible for strategy and investments. He’s also worked for Santender Bank N.A., formerly known as Sovereign Bank, where he oversaw a retail branch network of more than 700 locations.
Jeff Schumacher remains Wells Fargo’s regional president for Central Texas and Miree is his new boss, the company told the San Antonio Business Journal.
“Texas is one of the most dynamic and diverse regions in America and Wells Fargo has earned a great reputation across the state,” Miree said in a statement.
Wells Fargo’s management has been dealing with the fallout from a fake account scandal, which resulted in a $110 million settlement in a class-action lawsuit and a $185 million fine.