Wells Fargo has hired KeyBank alum Dennis Devine to lead its business banking operations, effective immediately, the San Francisco-based lender announced Monday.
Devine spent eight years at KeyBank, capping his stint as president of consumer banking at the Cleveland-based lender, according to LinkedIn. He left the bank in 2020 and became CEO at Alliant Credit Union, a position he held until 2024, his LinkedIn profile indicates.
“Dennis brings to Wells Fargo more than 20 years of financial services experience and a deep understanding of how to meet the needs of Business Banking customers,” Kleber Santos, co-CEO of consumer banking and lending at Wells, said in a statement. “We look forward to him joining our team and leading our work to further strengthen how we support and build our relationships with our business customers.”
Devine will report to Santos and be based in Charlotte, North Carolina. In his role, he’ll be responsible for meeting the financial needs of business owners with up to $25 million in annual sales. Business banking was among his charges at KeyBank, where he also oversaw retail, wealth management, home lending and auto finance, according to Monday’s press release.
“Business banking fulfills an essential role to the success of businesses in every U.S. community, and Wells Fargo is uniquely positioned to support business owners across the country with its scale, experience and full array of financial products and services,” Devine said. “I’m looking forward to joining a team that has a solid foundation and is prepared to drive even greater value for business customers in our communities.”
Wells’ consumer, small and business banking unit saw roughly $6.6 billion in earnings in 2025’s fourth quarter, a 9% year-over-year increase, the bank reported in January. Wells looks to continue to expand on that number after the Federal Reserve last June freed the bank from a seven-year penalty capping its assets at $1.95 trillion.
Devine has a track record of overseeing growth. Over his four years at the helm of Alliant, the credit union’s assets grew from roughly $13.5 billion to about $19.5 billion and membership jumped 64%, according to American Banker.
Before joining KeyBank, Devine served in executive roles at Citizens, PNC and National City, according to LinkedIn. PNC acquired the latter in 2008.
Wells Fargo serves roughly 3 million small businesses in the U.S., it said.
