Lead Wells Fargo Region Presidents Named for Greater Los Angeles and Southern California Markets

Wells Fargo & Company (NYSE: WFC) announced today that new lead region presidents for the Greater Los Angeles and Southern California Regions have been named. David DiCristofaro, a 17-year company veteran, assumes responsibility for the Greater Los Angeles Region, which serves customers in Los Angeles, Riverside, and San Bernardino counties along with Coachella Valley through 268 retail banking stores and nearly 5,000 team members. Ben Alvarado, a 23-year Wells Fargo veteran, assumes responsibility for the Southern California Region, which serves customers in Orange, Imperial, and San Diego counties through 232 retail banking stores and more than 3,600 team members.

DiCristofaro and Alvarado succeed John Sotoodeh who led the combined markets previously called the Southern California Region. Sotoodeh was recently named regional banking executive for the Southwest, which includes Texas, New Mexico and Arkansas.

“David is an exceptional leader with a passion for helping individual and business customers succeed financially,” said Lisa Stevens, head of Regional Banking Sales and Marketing and regional banking executive for the Pacific Midwest Region. “He invests time and energy to serve the community and has held leadership roles in organizations such as the Pasadena Playhouse and Pasadena Educational Fund, which support the overall vitality of the community. I know our customers, team members and the Greater Los Angeles region will benefit from David’s extensive banking experience and his dedication to satisfying our customers’ financial needs and contributing to a successful community.”

“Ben is a dynamic, people-focused leader who is dedicated to the communities, customers and team members he serves. He has an unwavering commitment to provide our customers with financial products and services that meet their needs and an excellent customer experience,” said Stevens. “His strong professional experience and his passion for the people of Southern California will serve him and his team well in helping even more customers achieve their financial dreams.”

DiCristofaro joined Wells Fargo in 1997 and is currently the region president for the Greater Los Angeles market. He is responsible for 152 stores and more than 2,800 team members. Prior to his current role, he served as regional president for the Greater San Gabriel and South Coast markets, finance officer for Wells Fargo’s Los Angeles Metro region, and finance and strategy manager for the Northern California region. Before joining Wells Fargo, he worked as a consultant with BDO Seidman. DiCristofaro received his bachelor’s degree in finance and management from New York University’s Stern School of Business.

An active community leader, he is the board chair of The Pasadena Playhouse, vice chairman of the American Red Cross of Greater Los Angeles, and a director for the Pasadena Educational Foundation.

Alvarado, a 23-year Wells Fargo veteran who started his career as a teller, was most recently the region president for the Orange County-Inland market responsible for 121 retail banking stores and 1,900 team members. Previously, he held various retail and business banking positions which included area president for the Long Beach Coastal Division, district manager, commercial loan officer, sales development coach, and store manager. Alvarado earned his bachelor’s degree from California State University, Long Beach and an MBA from Pepperdine University.

He is active in the community and serves on the board of directors for Orange County United Way and Memorial Care Foundation and the advisory board for Miller Children’s Hospital Long Beach.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.6 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 8,700 locations, 12,500 ATMs, and the internet (wellsfargo.com), and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2014 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 perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.