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Wells Fargo appoints new southern NJ president

By ,
John Zimmerman.
John Zimmerman. - ()

Wells Fargo has appointed John Zimmerman to president of its southern New Jersey operations.

Zimmerman will move to New Jersey from Central Florida, where he worked as Wells Fargo’s area president since 2014. He will report to Larisa Perry, president of the bank’s Northeast Community Bank Lead Region. An 18-year veteran of the bank, Zimmerman will oversee 640 bankers and be headquartered in Moorestown.

He replaces Brian Formisano, who took on the role in July as part of an executive restructuring and is leaving for a position in Las Vegas.

“John is extremely focused on ensuring our customers have a positive and consistent experience when visiting any of our branches. And, that all of their financial goals and dreams are being addressed by our bankers,” Perry said in a press release. “In the coming months, he looks forward to becoming involved in community activities and causes important to South Jersey.”

Wells Fargo is based in California but is one of New Jersey’s biggest retail banks. It has $1.9 trillion in total assets and also offers banking, insurance, investments, mortgage and consumer and commercial finance.

The bank is still rebuilding its reputation with consumer banking clients after last year’s scandal, in which it was found to have created at least 3.5 million fake accounts without consent and charged 800,000 customers for unwanted car insurance.

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Vince Calio

Vince Calio

Vince Calio covers health care and manufacturing for NJBIZ. You can contact him at vcalio@njbiz.com.

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