Matsco becomes Wells Fargo

Oct. 14, 2010
Wells Fargo Practice Finance represents company’s one-stop financial resource to support dental, medical, optometric, and veterinary practices.

EMERYVILLE, California--Wells Fargo has announced unveiling of the Wells Fargo Practice Finance brand from its previous Matsco identity.

This transition articulates a singular resource for finance and support for health-care professionals that aspire to start, grow, or purchase a private practice. Wells Fargo acquired Matsco more than three years ago as part of its acquisition of Greater Bay Bancorp.

As a part of Wells Fargo Practice Finance, current clients will enjoy greater access to the full range of Wells Fargo products and services.

The rebranding initiative reflects the company’s 20-year heritage as a provider of health-care practice financing. This includes start-up and practice acquisition financing, equipment, expansion and practice equity loans, and commercial real estate financing.

It is a promise to clients to understand the opportunities and challenges inherent in their businesses, and to do so by leveraging the breadth of products, services and expertise Wells Fargo has to offer.

Wells Fargo Practice Finance has a particular focus in the dental, veterinary, optometric and medical fields. It is the only practice lender selected especially for members of the American Dental Association and endorsed by ADA Business ResourcesSM for practice financing and commercial real estate.

It is also the preferred provider of practice financing for members of the American Medical Association and the American Animal Hospital Association. As clients of Wells Fargo Practice Finance, health-care practitioners can benefit from access to the products and services that Wells Fargo offers throughout the practice lifecycle.

“As Wells Fargo Practice Finance, we will continue to distinguish ourselves by providing trusted guidance through specialized expertise, our focus on education and our commitment to our clients’ success,” said Allison Farey, president of Wells Fargo Practice Finance. “With our integration into Wells Fargo complete, we are excited to offer even greater levels of support by connecting our customers with the right resources at the right time.”

Added Gregory Liberatore, DDS, of Liberatore Family Dental, a customer since 2000: “Running my own practice was always a dream, but there were times when I didn’t know if I could actually make it work. The Wells Fargo Practice Finance team provided so much more than just the financial backing. From their expert advice to aligning me with the right resources, they gave me the confidence to move forward.”

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