Wells Fargo Private Bank marked the opening of a new and expanded office space in Chandler, Ariz., with a ribbon cutting ceremony earlier in the month that was attended by several local dignitaries.

Chandler Mayor Jay Tibshraeny cut the ceremonial ribbon along with leaders from The Private Bank.  Chandler Vice Mayor Kevin Hartke, councilmembers Nora Ellen, René Lopez, and Terry Roe, and Chandler Chamber of Commerce President/CEO Teri Kimble also attended the celebration.

The 7,000 square foot facility is located in the Park Place development at the intersection of the 101 and 202 freeways near Price and Spectrum roads in the Park Place development.

“It is important for us to be close to our clients, and this new space allows us to serve our clients in the East Valley with a greater focus on local service from advisors who are listening,” said Ryan Backlund, regional managing director for The Private Bank.

The building will provide room for 25 additional team members as well as space for future expansion.

“This new space also allows us to expand with additional trusted advisors as the need arises.

Chandler is a vibrant and growing community, and Wells Fargo is proud to be able to continue our investment in this community and to better serve our clients,” Backlund added.

Clients of The Private Bank have access to specialists across all lines of business including private banking, credit, investment management,  and trust and estate services through Wells Fargo Bank, NA, as well as insurance and brokerage services through Wells Fargo Advisors, LLC.

“As one of the most financially stable cities in the country, this new branch of The Private Bank is a perfect fit for Chandler and the dynamic employment base within the Price Corridor,” Mayor Jay Tibshraeny said. “I want to thank Wells Fargo for its continued investment in our community, and wish them great success in this new endeavor.”

“Wells Fargo is one of our largest stakeholder companies here in Chandler and their innovation, customer service and technology is among the top in the country,” said Terri Kimble, President/CEO of the Chandler Chamber of Commerce.   “They saw an opportunity for a high-end service with a concentration on investment right here in Chandler and jumped on the opportunity.  There is no doubt in my mind it will be well met.”