NEW YORK, July 16 (Reuters) - Wells Fargo ( WFC ) is

expanding its healthcare team within its commercial bank and

aims to hire more people at a time when the $1.95 trillion asset

cap on the bank has been lifted.

In 2025, the size of the team grew by more than 30% as it

added more than five employees across the country.

The commercial banking healthcare team that provides

industry-specialized banking services and advice to middle

market companies across healthcare Services, medtech, and

biopharma has expanded and the bank aims to continue adding to

its team, said Wallace Saunders, Wells Fargo Healthcare Banking

executive.

The bank has been expanding its business in its key markets

across the U.S. including Chicago, Florida, the Mid-Atlantic,

Nashville, Northern Texas, and Southern California.

"Healthcare banking is a priority sector for Wells Fargo ( WFC ),,"

said Mary Katherine DuBose who leads Wells Fargo's ( WFC ) Commercial

banking's specialized industries group.

Wells Fargo CFO Michael Santomassimo said that the middle

market and commercial bank space should be an area of growth for

the bank after its second quarter profit beat estimates.

CEO Charlie Scharf on the post-earnings call on Tuesday said

that the technology team of bankers have risen by over 25% over

the past year. The bank has also increased its branch based

financial advisors by over 10% from a year ago.