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TheStreet Open House

Wells Fargo Insurance Names Jason Paulnock Managing Director For Minnesota

To better meet the specialized insurance needs of its Minnesota customers, Wells Fargo Insurance, part of Wells Fargo & Company (NYSE: WFC), named Jason Paulnock senior vice president and managing director for its Minnesota offices. Paulnock will lead business development, client service and sales, and cross-sell for the company’s insurance operations in Minnesota. Based in Minneapolis, he will report to John Meder, regional managing director for Wells Fargo Insurance's Midwest region.

“Minnesota is an important market to Wells Fargo Insurance,” said Meder. “As we continue to expand our capabilities and services to the large number of Wells Fargo customers in the region, Jason’s extensive career within the bank and his financial expertise will help provide our customers with even more comprehensive insurance and financial risk solutions.”

A 19-year company veteran, Paulnock held various leadership roles within Wells Fargo’s Business Banking, Commercial Banking, and Corporate Banking. Most recently, he served as regional vice president for Wells Fargo’s Midwest Government, Education & Nonprofit banking team where he oversaw Wells Fargo's government and nonprofit commercial banking activity in 11 states.

Paulnock has a bachelor’s degree in economics from Carleton College and received his MBA from University of Minnesota’s Carlson School of Management. He is also a member of the Government Finance Officers Association of the United States and Canada (GFOA), the National Association of College and University Business Officers (NACUBO), and sits on Abbot Northwestern Hospital Foundation’s board of directors.

Wells Fargo Insurance’s Minnesota region includes 12 offices and 889 team members who provide insurance services to Wells Fargo’s business banking, middle market, large corporate, and high net worth customers in the region.

About Wells Fargo Insurance

Wells Fargo Insurance 1 is the fifth largest insurance broker in the world ( Business Insurance, 2013). With 127 offices in 36 states including D.C., Wells Fargo Insurance provides solutions for a wide range of customers, including retail consumers, high net worth individuals, small businesses, as well as middle market and large corporate customers. The 7,000 insurance professionals of Wells Fargo Insurance write or place $15 billion of risk premiums annually in property, casualty, benefits, international, personal lines, and life products and also includes the nation’s largest crop insurance provider, Rural Community Insurance Services (RCIS).

About Wells Fargo & Company

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.4 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 has offices in more than 35 countries to support the bank’s customers who conduct business in the global economy. With more than 270,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune’s 2012 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.

1 Ranking includes Wells Fargo Insurance Services USA, Inc., Wells Fargo Insurance Services of West Virginia, Inc., Wells Fargo Insurance, Inc., and Rural Community Insurance Company

Copyright Business Wire 2010

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