Wells Fargo Lures BofA Executive to Head NJ Commercial Banking

SUMMIT, NJ—Wells Fargo & Company has lured a veteran Bank of America executive, Peter Dontas, to lead the newly created New Jersey Division of Wells Fargo Commercial Banking. He leads a team of 57 commercial banking professionals who serve middle-market companies through four Wells Fargo Regional Commercial Banking (RCBO) and satellite offices throughout New Jersey. Dontas is based in Summit until the company opens its office in Iselin.

Dontas, a 32-year industry veteran, most recently was New Jersey market executive for commercial and middle-market banking with Bank of America. In his new role, Dontas serves as the senior executive for Wells Fargo’s Commercial Banking in New Jersey ? a region previously covered out of New York City and Philadelphia. Bringing the New Jersey offices under one umbrella also brings local senior leadership and local credit decisions to middle market customers throughout the state, the bank says.