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News Stories (42 Results) - Wells Fargo

Wells Fargo & Company announced it has exceeded its initial $75 million commitment for the Wells Fargo Works for Small Business: Diverse Community Capital program by awarding $13 million in lending capital and grants to 19 Community Development... view press release
December 07, 2018, 09:00 AM


Anthony Norris, a portfolio manager of the Wells Fargo Multi-Sector Income Fund, has announced his intention to retire from Wells Fargo Asset Management (International), LLC, and the institutional investment industry on October 3, 2018. He will... view press release
August 31, 2018, 08:00 AM


Small business optimism is at an all-time high in the latest quarterly Wells Fargo/Gallup Small Business Index, conducted July 11-18, 2018.The survey, which measures small business optimism, had an overall Index score of 118, 12 percentage points... view press release
August 10, 2018, 08:00 AM


Wells Fargo announced that 20-year banking veteran Lora Powers has been promoted to its Chicago Middle Market Banking leadership team as a senior vice president and regional manager. She succeeds longtime market leader Doug Banzuly, who accepted a... view press release
May 15, 2018, 08:00 AM


The Board of Directors of Wells Fargo & Company announced it has elected three new independent directors as part of its succession planning and refreshment process. The three new directors, each of whom will join the board on Jan. 1, 2018... view press release
November 30, 2017, 08:01 AM


Holly Energy Partners entered into its third amendment to its credit facility by and among HEP Operating, as borrower, Wells Fargo Bank, National Association, as administrative agent and an issuing bank, increasing the size of its facility by $200... view press release
August 07, 2017, 07:00 AM


Wells Fargo announced that it has reached an agreement in principle to settle a class action lawsuit concerning retail sales practices, which was filed in May 2015 in the Northern District of California (Jabbari v. Wells Fargo, N.A., et al.). The... view press release
March 30, 2017, 08:00 AM


CIT Group announced that CIT Equipment Finance made two key appointments designed to further grow CIT’s Office Imaging dealer relationships in the Southeast and Midwest regions of the United States. The new executives will report to David Gerrard... view press release
November 10, 2016, 07:50 AM


Opus Bank announced Geoff Anfuso, Senior Managing Director - Institutional Syndications, has been appointed to the newly created role of Senior Vice President, Head of Commercial and Specialty Banking. Anfuso is a 13-year commercial banking veteran... view press release
October 24, 2016, 08:04 AM


Texas Capital Bank announced Robin Hamilton has joined the bank as Fort Worth Regional Chairman and David Williams as Fort Worth Regional President. Hamilton spent 27 years with Wells Fargo, leading the bank’s middle-market business in the Fort Worth... view press release
August 16, 2016, 07:24 AM


Toll Brothers, Inc. has finalized a new five-year $1.215 billion bank credit facility. The unsecured facility, which closed today and matures in May 2021, replaces the Company's existing $1.035 billion revolving credit facility, which was scheduled... view press release
May 20, 2016, 07:16 AM


Banc of California, the holding company for Banc of California, National Association, has expanded the company's undrawn, revolving line of credit from $25 million to $75 million.  The line of credit was underwritten by Wells Fargo Bank."The expanded... view press release
April 21, 2016, 07:44 AM


Five of the largest U.S. commercial banks — Capital One, Fifth Third, PNC, TD, and Wells Fargo — and Safeguard Scientifics announced they have invested a total of $30 million in Transactis, a leading provider of electronic billing and payment... view press release
April 18, 2016, 07:24 AM


Holly Energy Partners, L.P. has amended its existing revolving credit facility to increase the maximum amount of the facility from $850 million to $1.2 billion. The credit agreement is available to fund capital expenditures, investments, acquisitions... view press release
March 11, 2016, 07:51 AM


The country’s biggest banks have established themselves as the strongest brands among U.S. middle market companies—a segment that is growing in the form of increased demand for credit and other banking services.    Meanwhile, the list of strongest... view press release
December 03, 2015, 07:56 AM


Century Housing, a leading Community Development Financial Institution (CDFI), announced it closed a $100 million syndicated credit facility with Chase as agent and lead lender, and Charles Schwab Bank, Wells Fargo, BBVA Compass, HSBC Bank USA, and U... view press release
August 25, 2015, 03:22 PM


TriMas Corporation announced that it entered into an agreement to acquire Allfast Fastening Systems, Inc. (Allfast) for approximately $360 million. Upon closure of the transaction, Allfast will become part of the Company’s Aerospace segment, formerly... view press release
September 22, 2014, 08:03 AM


Ares Management announced that on May 7, 2014, it closed its amended and restated revolving credit facility (the “Facility”) that was entered into in connection with Ares Management’s initial public offering. The amendment, among other things... view press release
May 20, 2014, 07:39 AM


Rising to the challenges and complexities of rapid growth and reform in the U.S. health care system, Wells Fargo has named two financial services veterans to new leadership roles in Government and Institutional Banking (GIB).Melissa Bastan has been... view press release
April 10, 2014, 07:26 AM


Interval Leisure Group, Inc. (NASDAQ: IILG) announced today that its subsidiary, Interval Acquisition Corp., has entered into an amendment and incremental revolving commitment agreement, increasing its existing $500 million revolving credit facility... view press release
April 09, 2014, 07:46 AM


RockPile Energy Services, LLC , a wholly owned subsidiary of Triangle Petroleum Corporation announced that it has closed on a senior secured revolving credit facility in the amount of $100 million. The new Credit Facility is a five-year term $100... view press release
March 31, 2014, 07:31 AM


BlueLinx Holdings Inc., a leading distributor of building products in North America, today announced that it has entered into an amendment to its U.S. revolving credit agreement with a syndicate of banks led by Wells Fargo Bank, N.A. to improve... view press release
March 17, 2014, 07:46 AM


A. M. Castle & Co., a global distributor of specialty metal and plastic products, value-added services and supply chain solutions, announced it has increased its asset-based revolving credit facility from $100 million to $125 million.  The increased... view press release
January 23, 2014, 07:11 AM


OFS Capital Corporation, a business development company (BDC), announced its wholly owned subsidiary, OFS Capital WM, LLC, has entered into an amendment that extends the terms of its senior secured revolving credit facility with Wells Fargo Bank... view press release
November 27, 2013, 07:49 AM


TCP Capital Corp., a business development company, announced that it has amended its $116 million revolving credit facility with Wells Fargo Securities, LLC, as administrative agent and arranger, to extend the maturity date from July 31, 2014 to July... view press release
September 20, 2013, 07:29 AM


Universal Trailer Corporation, one of the nation’s largest trailer manufacturers, has entered into an arrangement with Wells Fargo Bank that extends its financing line five years through 2018. The announcement was made by the Board of Directors of... view press release
August 13, 2013, 07:07 AM


Headline earnings numbers for the largest U.S. banks have been helped considerably by large releases of loan loss reserves in the second quarter. Fitch Ratings believes that over the near term, additional modest reserve releases for these banks are... view press release
July 22, 2013, 07:51 AM


The U.S. banking regulators' proposal to double the minimum Basel III leverage ratio, referred to as the supplementary leverage ratio, is likely to be manageable for affected banks, Fitch Ratings says. But the 6% standard is onerous for bank... view press release
July 12, 2013, 07:13 AM


Textainer Group Holdings Limited, the world’s largest lessor of intermodal containers based on fleet size, today announced that Textainer Limited, which is a wholly-owned subsidiary of the Company, utilized an accordion feature in its five-year... view press release
June 26, 2013, 07:09 AM


American Realty Capital Trust IV, Inc. announced that on June 18, 2013, through its operating partnership, it entered into a $750 million credit facility with Regions Bank, JP Morgan Chase Bank, N.A., Wells Fargo Bank, National Association, Bank of... view press release
June 20, 2013, 07:28 AM


Wells Fargo has named Neal Crapo to the new post of Eastern Region head for the company's recently formed National Food & Agribusiness Division. He will lead the division's expansion in the East, and its headquarters will be based in Charlotte. Most... view press release
June 10, 2013, 08:04 AM


Laredo Petroleum Holdings, Inc. ("Laredo" or the "Company") announced that the Company's senior secured credit facility has been amended to increase the borrowing base to $1 billion from $825 million. Following closing of the Company's previously... view press release
May 30, 2013, 07:09 AM


Wells Fargo Government and Institutional Banking (GIB) has named Keith Grundy as regional manager and senior vice president of Healthcare Financial Services (HFS) team in the Western U.S. Based in San Francisco, Grundy leads a team of 13 healthcare... view press release
May 20, 2013, 07:44 AM


IO, a leader in software-defined data centers,announced the closing of a new $260 million multi-year credit facility led by Wells Fargo. IO's existing bank group, consisting of Wells Fargo and Mutual Bank of Omaha, has been expanded to include Bank... view press release
May 14, 2013, 11:05 AM


Wells Fargo reported record net income of $5.2 billion for first quarter 2013, up from $4.2 billion for first quarter 2012, and up from $5.1 billion for fourth quarter 2012. “Our company earned $5.2 billion in first quarter 2013, the highest... view press release
April 15, 2013, 08:03 AM


Rex Energy Corporation entered into an amended and restated credit agreement to expand its borrowing base under the company's senior secured credit facility from $240 million to $325 million. In addition, the company has extended the maturity of the... view press release
April 01, 2013, 02:53 PM


Starbucks Coffee Company announced the renewal of its unsecured, revolving credit facility, which increases borrowing capacity from $500 million to $750 million. The credit facility is scheduled to mature on February 5, 2018, and replaces the current... view press release
February 11, 2013, 07:09 AM


LMI Aerospace, a supplier of structural assemblies, kits and components and provider of design engineering services to the aerospace and defense industries, successfully completed the syndication of $350 million senior secured credit facilities to... view press release
February 06, 2013, 08:08 AM


Prospect Capital funded a recapitalization of Nationwide Acceptance Corporation with $25.2 million of combined debt and equity financing. Milestone Advisors, (now part of Houlihan Lokey) served as exclusive financial advisor to Nationwide on the... view press release
February 04, 2013, 08:08 AM


TriMas Corporation, a diversified global manufacturer of engineered and applied products, announced it entered into an amendment of its accounts receivable facility with Wells Fargo Bank, N.A. The amended facility has been extended until October 11... view press release
December 24, 2012, 07:16 AM


Balboa Capital Corporation announced the acquisition of a revolving credit facility with Wells Fargo Capital Finance, part of Wells Fargo & Company. Balboa Capital will use this additional capacity to fund the company’s complete portfolio of... view press release
December 20, 2012, 08:11 AM


Starwood Hotels & Resorts Worldwide closed a new $1.75 billion senior credit facility on November 30, 2012. The new facility matures on February 28, 2018, or such later date as may be adjusted from time to time, and replaces its existing $1.5 billion... view press release
December 03, 2012, 08:22 AM