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Wells Fargo To Overhaul Auto Lending Unit

PYMNTS

the embattled bank, is reportedly overhauling its auto lending unit in an effort to control risk. According to a news report in Reuters , citing an internal memo, with the restructuring, Wells Fargo will phase out 57 regional offices in the U.S. and get rid of the regional manager positions in the impacted offices.

Lending 100
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Small banks: Big challenges and big opportunities

Abrigo

Relationship focus helps CFIs Small banks can leapfrog competitors and better serve their communities by combining their unique advantages with smart management and partnerships. Declining deposits, higher cost of funds, and ever-increasing competition are just a few challenges these executives are managing.

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Online Car Buying Co Carvana Adds New Financing Option

PYMNTS

The company has teamed up with Regions Bank to provide the possibility of virtual loans to consumers in Texas, the South and the Midwest. . When someone goes to the auto center section of the Regions Bank website, they’ll be routed to a new, co-branded site from the two companies. .

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Community banks are thriving in Texas

Independent Banker

With the record growth of San Antonio, Houston and Austin, southern Texas is becoming a hub for business. There’s a lot of energy in the southern half of Texas, and it’s not just the resources that power our homes and cars. This region has the kind of energy that draws people to a place and helps them and their businesses thrive.

Texas 182
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Which are America’s healthiest banks?

Abrigo

Based on an analysis of data from more than 6,500 banks across the country, Sageworks recently identified America’s healthiest banks by their Texas Ratios. The list highlights the top 20 banks within each region of the U.S. with the lowest Texas Ratios. Nearly 53 percent of the 80 banks included fell in that asset range.

Texas 150
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How Auto Sales Are Driving New Retail Trends

PYMNTS

The company has teamed up with Regions Bank to provide the possibility of virtual loans to consumers in Texas, the South and the Midwest. When someone goes to the auto center section of the Regions Bank website , they’ll be routed to a new, co-branded site from the two companies.

Trends 134
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15 Minutes With … Jimmy Rasmussen

Independent Banker

in Galveston, Texas. Rasmussen: Yes, it is an honor to serve the Group 3 Banks in Texas, southern New Mexico and northern Louisiana for three more years. IB: How is Texas’s economy holding up with the severe drop in oil prices? In fact, huge expansion projects are now underway across our region. Photo by Robert Seale.

Dallas 131