The banking giant has decided to consolidate its Premier BankingDivision into its long-time Orange County facility. Before now, thedivision was split between the county and San Francisco.
The division specializes in serving high-net-worth clients whooften need a greater array of services than a typical customer.It's the fast-growing segment of the bank's business, says KimBurdick, who has headed the division's Southland operations since1998.
Folding the San Francisco office into the Orange Countyoperations will result in Burdick overseeing an expanded staff of450 employees. They will be responsible for 200,000 accounts withbalances of at least $100,000 each, Burdick says.
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