Abbot Downing Names Investment Banking Veteran Joseph Colianni Head of Banking

  Abbot Downing Names Investment Banking Veteran Joseph Colianni Head of   Banking  Business Wire  MINNEAPOLIS -- May 23, 2012  Joseph Colianni, previously managing director in Wells Fargo’s Financial Sponsors Portfolio Management Group, has joined Abbot Downing as senior managing director of banking.  Joseph Colianni, Senior Managing Director of Banking, Abbot Downing (Photo: Business Wire)  Joseph Colianni, Senior Managing Director of Banking, Abbot Downing (Photo: Business Wire)  “Joe’s extensive investment banking experience will be invaluable to our Abbot Downing clients, who often have complex credit needs,” said James Steiner, president of Abbot Downing. “Our clients require the same kind of creativity and customization that Joe delivered in the private equity deals he managed. We believe that Abbot Downing’s sophisticated credit capabilities bring value to our clients that distinguish us from many other asset management firms.”  Colianni joined the Wells Fargo Portfolio Management Group in 2001 and was ultimately named managing director, where he led a team that manages a portfolio of complex transactions related to investment banking and traditional commercial lending. Prior to joining Wells Fargo, he worked nine years at RBC Capital Markets, where he was a principal in Investment Banking. Earlier in his career, he served in leadership roles at Deloitte Consulting LLP (formerly Deloitte & Touche) and Charter Westbrook Hospital. A graduate of Concordia College, Joe earned a master’s degree from Xavier University.  As head of banking at Abbot Downing, Colianni will oversee a broad range of services. In addition to checking and foreign exchange services, Abbot Downing offers treasury management services and interest rate risk management strategies such as swaps, collars and caps. Custom lending solutions include:    *Tactical liquidity to meet estate, financial and investment planning goals     in tax-efficient ways;   *Specialized loans for special needs such as aircraft, art investments and     alternative investments;   *Business succession financing;   *Capital for commercial real estate and businesses, including LLCs and     LLPs; and   *Tailored mortgages.  Abbot Downing serves clients in all 50 states through offices in San Francisco, Palo Alto, Los Angeles, Scottsdale, Denver, Houston, Minneapolis, Chicago, Philadelphia, Washington, D.C., Charlotte, Winston-Salem, Raleigh, Naples, Jacksonville, and Palm Beach.  Abbot Downing, with $32.9 billion in client assets, is part of the company’s Wealth, Brokerage and Retirement group, one of the largest U.S. wealth managers, with $1.3 trillion in client assets.  Wells Fargo launched the Abbot Downing brand on April 2, 2012, as it combined its former Lowry Hill and Wells Fargo Family Wealth businesses. The firm seeks to expand its market share among the roughly 10,000 households in the U. S. that have $50 million or more in investable assets and collectively control more than $1 trillion. The original Abbot Downing built the iconic stagecoaches that have come to represent Wells Fargo and was known worldwide for its ingenuity, high-quality craftsmanship, and distinctive passenger experience. The new Abbot Downing will use the name to reflect the tailored solutions, high-touch service and attention to detail its clients have come to expect.  Abbot Downing, a Wells Fargo business, provides products and services through Wells Fargo Bank, N.A. and its various affiliates and subsidiaries. Some alternative investments and complementary strategies may be available to pre-qualified investors only. Certain products and services offered subject to credit approval or credit qualification.  Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.3 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com), and other distribution channels across North America and internationally. With more than 270,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked No. 23 on Fortune’s 2011 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.  Wells Fargo Bank, N. A. Member FDIC, NMLSR ID 399801  Photos/MultimediaGallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50287192&lang=en  Multimedia Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50287192 〈=en  Contact:  Abbot Downing Sandy Deem, 704-374-2710 Julie Andrews, 704-374-4828  
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