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Wells Fargo Boosts Chicago Technology Banking Team with Investment in Talent

Efforts part of Commercial Banking鈥檚 focus on rapidly growing segment

SAN FRANCISCO--(BUSINESS WIRE)-- has expanded its Chicago-based team with two key hires, reinforcing the bank鈥檚 long-term commitment to innovation and growth in commercial banking for the tech sector. This expansion represents the since the group鈥檚 inception 25 years ago.

Wells Fargo Boosts Chicago Technology Banking Team. (Colorful city skyline.) (Photo: Wells Fargo)

Kyle Duhon joins from J.P. Morgan Chase as a banker focused on scaling growth-stage technology companies. He will collaborate with Neuman Osman and Kristina Connolly, who support a wide range of tech clients鈥攆rom emerging startups to publicly traded firms鈥攚ith comprehensive financial solutions.

John Stevens steps into the newly created role of National Division Sales Executive, where he will lead coast-to-coast sales strategy. His appointment reflects the sector鈥檚 continued momentum, driven by increased IT spending, AI investment, and a renewed focus on innovation. John also joins from J.P. Morgan Chase.

鈥淲ells Fargo鈥檚 Technology Banking division has supported thousands of tech companies for more than two decades. This latest investment signals our intention to continue focusing on growth, innovation, and client success,鈥� said Tom Harper, Wells Fargo Technology Banking Division Executive, and leader of the national team.

Chicago: A Strategic Growth Hub

Matt Servatius, Market Executive and Central Practice Leader, covering states across the Midwest through Mountain and Texas geographies, emphasized Chicago鈥檚 pivotal role in the division鈥檚 expansion strategy:

鈥淐hicago鈥檚 tech ecosystem is thriving. Innovators are increasingly seeking financial companies who understand their unique needs. Wells Fargo offers a robust platform deeply connected to both local and national tech communities, and we are excited to welcome Kyle and John and remain committed to adding top talent in Chicago.鈥�

Making Waves in Chicagoland

This expansion aligns with Wells Fargo鈥檚 broader . This includes doubling the size of its Commercial Banking sales team, increasing the number of retail banking centers, and supporting community development through philanthropy and real estate financing for multifamily and affordable housing.

Additionally, recent initiatives to help scale small business growth in the community include the Wells Fargo Innovation Incubator, which recognized , a Chicago-based organization, as a 2025 . The provides funding to develop a catalytic investment model for early-stage technologies.

鈥淪ince Evergreen's early days, Wells Fargo has been a long-time contributor and supporter of our mission to serve climate tech founders across the Midwest. We鈥檙e thrilled to see this key Financial Institution continue to invest in the innovation ecosystem of Chicago,鈥� said Michelle Carr, CEO of Evergreen Climate Innovations.

Wells Fargo also recently launched the program in Chicagoland, including a $2.5 million grant to , a nonprofit supporting local entrepreneurs with capital, coaching, and connections.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 34 on Fortune鈥檚 2024 rankings of America鈥檚 largest corporations. News, insights, and perspectives from Wells Fargo are also available at .

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About Wells Fargo鈥檚 Technology Banking Group

As part of the Commercial Banking division, Wells Fargo鈥檚 Technology Banking Group has delivered specialized insights and recommendations to technology companies for more than 25 years. The team provides scalable support to clients in all stages of the business lifecycle 鈥� early, growth, and maturity 鈥� and combines industry experience with the strength and resources of one of the largest U.S. commercial banks. Primary subsector focus includes Software, Fintech, E-commerce, Semiconductor, Business & Technology Services, and Sustainable Tech. See more insights and perspectives from .

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Sarah Hatch, 618-407-0953

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Source: Wells Fargo & Company