Wendel Pardue, Richard Gross, and Buddy Billingsley join Regions Bank from Wells Fargo and will focus on providing financing and advisory services to private regional and national developers with an emphasis on office, retail, industrial and multifamily projects.
Pardue has been named commercial real estate market manager for Texas with responsibility for managing a team of commercial real estate relationship managers and service specialists across the state. Pardue and Gross will be based in Dallas with a primary focus on clients and projects in the Dallas-Fort Worth metroplex. Billingsley will be based in Austin, responsible for business development in Austin, San Antonio, and surrounding markets.
“Wendel, Richard, and Buddy are tenured bankers who know the Texas real estate market well and have experience working with clients through a variety of economic cycles,” said Rusty Campbell, Real Estate Banking Executive. “Texas is a robust economic engine for the country and an important growth market for Regions. This expansion will allow us to help support continued and diversified growth across the state through prudent commercial real estate lending.”Regions has a long history of providing financing and advisory services to national and regional developers, particularly in the Southeast, and continues to add capacity and resources to support economic recovery and job creation throughout the communities the bank serves. During the second quarter of 2013, Regions grew total loan balances by $1.1 billion and total new business loan production increased 36 percent as compared to the prior quarter. Pardue has been active in commercial real estate banking in Texas since the mid-1980s. Prior to joining Regions, Pardue held a number of commercial and middle market real estate banking leadership roles at Wells Fargo and legacy Wachovia Bank, most recently serving as commercial real estate market manger for Central Texas responsible for the Wells Fargo commercial real estate platform for Austin, San Antonio, El Paso and Oklahoma. Pardue received his MBA from the University of Texas and a bachelor’s degree in business from Texas Christian University. He has served as a board member for the Real Estate Council of Dallas Foundation Board and is an active member in the Urban Land Institute and the International Council of Shopping Centers.