Wilmingtonbiz logo
Print
Banking & Finance

Tomsic Heads Wells Fargo's Small Business Initiative In Region

By Jenny Callison, posted Jun 7, 2012
Tomsic

Wells Fargo’s Wilmington market president has a new position with a regional business focus.

Randy Tomsic has been named business banking manager for Wells Fargo’s newly aligned Triangle East South region, the bank announced Wednesday.  The region includes Wilmington, Fayetteville, Jacksonville, Morehead City and New Bern.  Tomsic will be based in Wilmington and will continue to serve as market president. Two new business bankers will support the business community’s growth in the Wilmington market.

According to the bank’s news release, the business banking initiative comes as a result of a small business index survey Wells Fargo and Gallup conducted in early April, which showed that 14 percent of small business owners said they planned to apply for new credit over the next year.

The April survey also showed a decline of 3 percentage points over a similar January survey in the number of small business owners who said they had found it difficult to obtain credit in the previous 12 months. Between January and April, the number of business owners expecting difficulty securing credit in the coming 12 months fell by 6 percentage points (from 38 to 32 percent), according to the news release, which stated also that improved optimism about future credit availability contributed to the Small Business Index’s 8-point growth over last quarter from 15 to 23, and is the strongest index score recorded since Q3 2008 when the index was at positive 45.

“The study’s findings are consistent with the optimism we are experiencing locally among the business community,” Tomsic said in the release. “We want to make sure Wells Fargo has a strong team of experienced bankers dedicated to helping small businesses in our region succeed.”

Two experienced commercial bankers have been tapped to support Wells Fargo’s business banking expansion in the Wilmington market.

Stuart Smith joins Wells Fargo as the market’s business banking manager. Smith worked for Gateway Bank in Wilmington where he served as the special assets manager, commercial real estate manager and city executive since 2010.  Prior to that, he worked for RBC Centura Bank in Wilmington as a regional commercial real estate banker.  He has more than 23 years of experience in financial services and is a graduate of the University of Virginia.   

Reggie Webb becomes Wells Fargo’s business banking relationship manager for Wilmington.  Webb has worked for the bank since 2006 and most recently served as a personal banker.  Prior to that, he worked as a service claims representative for Nationwide Insurance in Wilmington.  Webb earned a bachelor’s degree from Elizabeth City State University and received a master’s of public administration degree from the University of the Virgin Islands in St. Croix.

“The markets that we have combined in the new region have many similarities, in terms of their small business service sector, their coastal environment and their military presence,” Tomsic said. “We’re positioning ourselves, as the economy continues to improve, to be well prepared to respond to increased loan demand throughout the region.”

Tomsic joined Wells Fargo in 1988 and has served as the Wilmington market president since 2004. Prior to that, Tomsic held senior roles including community bank director, regional business banking sales director and commercial relationship manager.

Join The Discussion

Similar Stories

Ico insights

INSIGHTS

SPONSORS' CONTENT

In The Current Issue

Army Chooses First Citizens For Banking Award

First Citizens Bank has won the Army’s Distinguished Bank Service Award as the best bank on an Army post in the continental United States, bank officials announced in late August.

Wilmington Health Joins At-Home Blood Pressure Monitoring Project

The American Medical Group Association (AMGA) selected Wilmington Health as a testing site for a program to help patients monitor and contr...

‘Smart Homes’ Catching On As Prices Drop

Aside from the intimidation factor before iPhones and iPads were invented, prices for the equipment and installation necessary to automate a...

Ico topnews Editor's Picks

Tiny Parks Take Over Parking Spaces Downtown

Cece Nunn - 54 minutes ago

UNCW Economist Woody Hall To Retire

Jenny Callison - About 1 hour ago

New 256-apartment Complex Planned For Independence Boulevard

Cece Nunn - Sep 18, 2014 Trending News

VantageSouth Becomes Yadkin Bank In Wilmington, Eastern N.C.

Jenny Callison - Sep 18, 2014 Trending News
Realtors

THE BARBARA PUGH REAL ESTATE TEAM

"The BARBARA PUGH Team" stands ready to assist you in your home buying or selling needs. With a combined 30 years of experience in the real estate market we can provide the knowledge and professional ...more

Ico trending Trending News

Ico newsinimages News in Pictures

Have a tip, pitch or guest column?  Send us a tip.

Gallery Galleries

Video Videos

Power Breakfast Series - Special Sauce for Economic Development - March. 2014
WilmingtonBiz Expo Keynote - Ken Lowe - Founder HGTV, CEO Scripps Networks - March. 2014

Register to Continue Seeing Wilmington's Best Business Coverage!


There are three ways to register for free.

Sign in with LinkedIn, Facebook or create an account:



Already registered? Login here.

Your free registration includes:

  • Access to 10 articles per month on WilmingtonBiz.com
  • Email updates to stay informed on local business news
  • A mobile optimized website
  • Advanced notification of Business Journal events
  • Management of your digital and print subscriptions
Laptop iphone ipad