U.S. Markets closed

Retired Wells Fargo leader Jack Clayton joins TowneBank

Lauren Ohnesorge
Retired Wells Fargo leader Jack Clayton joins TowneBank

Longtime Raleigh bank executive Jack Clayton is back – this time at Virginia-based TowneBank, which bought Paragon Commercial in 2017. Clayton, who retired as regional president of Wells Fargo in 2017 after a 40-year career, has been named president of business strategies for the bank's North Carolina operation, as well as vice chairman of the bank’s Raleigh advisory board. Retired Paragon CEO Bob Hatley said Clayton will “become part of the team.” “He’s really going to help us as Towne continues to expand its footprint,” he said.