Banking

Wells Fargo’s north Charlotte president, Terry Renegar, to retire

Wells Fargo said Thursday its community banking president for north Charlotte, Terry Renegar, is retiring after 43 years with the lender and predecessor companies.

Karen Lambert, Wells Fargo president of community banking for South Carolina’s upstate region, will replace Renegar, the San Francisco-based lender said. She will report to Kendall Alley, president of community banking for the Charlotte region.

Renegar began his banking career as a teller in 1971 with Wells Fargo predecessor Northwestern Bank, according to Wells Fargo. He later worked for Wachovia, which Wells Fargo acquired in 2008.

Lambert will relocate to Charlotte, where she will oversee more than 650 employees in 53 stores across Mecklenburg, Cabarrus, Iredell, Rowan and Stanly counties. According to Wells Fargo, she has worked for the company since 1984.

Leigha Smith will continue to serve as community banking president for south Charlotte.

Wells Fargo maintains its largest employment hub in Charlotte, where it employs roughly 22,100 across various business lines.

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