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

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Contact:

Abbot Downing
Sandy Deem, 704-374-2710
Julie Andrews, 704-374-4828