Tuesday, March 18, 2014

Carlos Evans to retire from Wells Fargo

Carlos Evans, a high-ranking Charlotte Wells Fargo executive and former United Way chairman, is retiring May 31, the bank said Tuesday.

A holdover from Wachovia, where he was head of wholesale banking, Evans joined Wells Fargo when it acquired the Charlotte-based lender in 2008. He is currently the Charlotte-based head of commercial banking for Wells Fargo’s Eastern U.S. operations.

In the fall of 2008, Evans provided the Observer with a firsthand account of the “silent run” on Wachovia’s deposits that led to its eventual sale to Wells Fargo amid concerns about its financial stability.
“When Congress failed to pass the ($700 billion bailout) proposal, when (Washington Mutual) collapsed, you could see the money flowing,” he told the Observer at the time. “My computer screen was lighting up. … You go from being weakened to in trouble in a matter of days. I don’t think people understand how quickly events unfolded.”

Around the time of the Wachovia turmoil, Evans also agreed to be chairman of the United Way of Central Carolinas, which was rocked by the controversy surrounding the $1.2 million in salary and benefits paid to its former CEO. Evans served on United Way’s board until the end of 2009.

“I’m really not sure if United Way would be here today were it not for Carlos,” said Jane McIntyre, executive director of the United Way of Central Carolinas. “He really stepped up,” she said. “He didn’t have any control over the Wachovia/Wells Fargo situation. But down at United Way, he could actually try to work hard to make a difference.”

At Wells Fargo, Evans oversees the operation that serves Eastern U.S. middle-market businesses, meaning those with annual sales between about $20 million and about $1 billion. Evans also has oversight of government and institutional banking for Wells Fargo nationally.

Evans helped make the Wachovia merger a success, Perry Pelos, the head of commercial banking for Wells Fargo, said in an email to employees late Tuesday afternoon.

“During that time, he was instrumental in the successful migration of our customers and team members to Wells Fargo.”

Evans lives in Charlotte and has a residence in Charleston, S.C.


Anonymous said...

Are they forcing you to retire like so many banks are doing these days? Have they told you that you are too old and make too much money? Are they replacing you with a much younger person or even a female and reducing the salary? Are they going to use your salary to start a bank/cafe like First Citizens in South Carolina did? Do not tell me that this is age discrimination because these BIG banks and their chosen ones have answers for that, too. In other words they offer a severance package and threaten to take it back if discrimination is talked about! Do they set your goals themselves and set them so high they could not meet them? If you can answer yes to any of these questions, you have just been screwed by a bank!!!

Anonymous said...

Can you say being forced out as many others at Wells have been.