Wells Fargo has opened a banking office at Two Portland Square in Portland by adding a full-service commercial banking office staffed with local, senior managers who will serve Maine companies statewide. The Portland office will offer commercial banking products and services, including commercial and real estate loans, treasury management, global banking, foreign exchange and capital markets, in addition to specialty lending divisions such as beverage finance and food and agribusiness. Wells Fargo northern New England regional vice president Paul Forester said Wells Fargo has been serving business customers throughout northern New England from its Boston office for years, and the decision to open a Portland office was based on the bank’s desire to grow its commercial business in Maine. He said Wells Fargo has the ability to offer smaller loans than some other local banks, and that it has a strategy of expanding its relationship with clients as their banking needs increase over time.
