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Carrie Tolstedt is responsible for retail small business and business banking at Wells Fargo: 23 states $239 billion in assets 58 550 team members more than 3 200 banking stores over 6 800 ATMs and almost 10.9 million retail banking households including 1.5 million small business and business banking households. Community Banking serves four primary customer segments: mass market upper mass affluent small business and business banking. Carrie also leads the Distribution Strategies and Services Group Sales Service and Development Enterprise Marketing and Diversified Products which includes the Consumer and Business Deposits Product Groups Business Direct Auto Finance SBA Lending Merchant Payment Services and Payroll.
With over twenty years of financial services experience Carrie began her career at United Bank of Denver. In 1986 she joined Norwest Bank Nebraska. In May 1998 after leaving to work for FirstMerit Corporation (May 1995-May 1998) she rejoined Norwest Corporation. In December 1998 Carrie became regional president for Central California for Wells Fargo & Company after the merger of Norwest Corporation and Wells Fargo. In 2001 she was named a Group EVP responsible for Wells Fargo’s California Community & Border Banking Group. In mid-2002 she became head of Regional Banking which includes the retail segment across Wells Fargo’s 23-state footprint small business and business banking as well as Wells Fargo & Company’s Customer Strategies Group. In June 2007 Carrie was named to her current role as Senior EVP Community Banking.
Carrie was selected as one of U.S. Banker’s 25 Most Powerful Women in Banking (4th Annual October 2006) one of the Bay Area’s 100 Most Influential Women in Business by the San Francisco Business Times (April 2007) and she was noted as one of five Women to Watch by Fortune magazine (October 2002).
She graduated from the University of Nebraska with a B.S. degree in business administration and completed the Pacific Coast Banking School University of Washington.
She serves on the Board of Directors of Consumer Bankers Association and is a member of Financial Services Roundtable. | 