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Wells Fargo taps Laura Oberst to succeed retiring BBG head

Laura OberstWells Fargo & Company announced that Laura Oberst will succeeds Hugh Long as head of its Business Banking Group (BBG).

Ms. Oberst has led the North Region of Wells Fargo Middle Market Banking since 2014. In her new BBG role, Ms. Oberst will oversee 4,700 Business Banking team members at 450 locations in 39 U.S. states.

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A 32-year Wells Fargo veteran, Ms. Oberst began her career as a management trainee and became a retail branch manager in 1985 for the former Norwest Corp. She then held leadership roles of progressing responsibility in Community Banking and Commercial Banking.

In Middle Market Banking, she oversaw more than 350 team members in 10 states, from the Dakotas to Ohio.

Ms. Oberst earned her bachelor’s degree in business administration from North Dakota State University in Fargo, North Dakota, and her associate’s degree in accounting from Minnesota State University Moorhead.

Ms. Oberst serves on the board of directors for HealthPartners, Inc., the Greater MSP Economic Development Partnership, and the North Dakota Trade Office. She chairs the Wells Fargo Minnesota Leadership Council and the company’s Metropolitan Contributions Committee.

Mr. Long will retire at year-end. He will work closely with Ms. Oberst in the coming months to ensure a smooth transition.




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