People Moves: Wells Fargo Veteran Pelos Retires

Wells Fargo – Commercial banking CEO Perry Pelos is to retire from Wells Fargo in April 2022.Kyle Hranicky, the current head of middle market banking, will succeed him, according to an announcement from the banking group.

Pelos has spent 35 years at Wells Fargo. He first joined the company in 1987 and was appointed CEO of commercial banking in 2016. Hranicky has worked for Wells Fargo for 26 years and led the corporate banking and energy groups prior to taking his current position.

Hranicky said: “I believe we have a significant opportunity to grow and continue to improve the business, and I will work closely with Perry during this transition to ensure we focus on our key strategic priorities so we can stay nimble, adapt to ongoing market changes, and make sure our business is structured in the future to accomplish these objectives.”

Texas Capital Bank – Daniel Hoverman has been appointed to lead the Dallas-based bank’s investment banking arm, TCBI Securities.

As managing partner and president, a newly created position, Hoverman will report to CEO Rob Holmes and be responsible for establishing TCBI, a newly formed broker-dealer.

Hoverman most recently served as managing director and head of corporate advisory and sponsors coverage at Regions Bank, and has also worked for Houlihan Lokey, Credit Suisse, UBS and Kirkland & Ellis.

Red River Bank – The Louisiana-based bank has hired Meghan Donelon as its New Orleans market president as part of its planned expansion into the region.

Red River said Donelon brought “a wealth of financial services experience” to the role, including from the community banking sector.

CEO Blake Chatelain said the bank had seen “increased opportunities to develop banking relationships in New Orleans” in recent years.

CNB Bank – Michael Peduzzi is the new president and chief operating officer of the Pennsylvania-based bank. He was most recently senior executive vice president and chief financial officer at Mid Penn Bank.

Peter Smith, chairperson of the board of directors of CNB Bank, said Peduzzi brought “superb financial skills and a deep knowledge of banking” to the role.

He added: “He understands the investor community and projects leadership, integrity and empathy. Ten minutes into our first meeting, I knew he was a good fit. Mike will be a great addition to our team, and I look forward to working with him.”