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More about Wells Fargo

Earlier today, Memphis Mayor AC Wharton met with Wells Fargo regional president Leigh Collier in South Memphis, where she “reaffirmed her company’s commitment to our community,” according to the mayor’s office.

Also Wednesday, Wharton and Shelby County Mayor Mark Luttrell signed a collaboration agreement with Wells, an event Collier also attended, which was an outgrowth of settling the long-running city-county lawsuit against the lender.

Wharton and Wells Fargo executive Leigh Collier

 

Under the terms of the agreement, Wells will invest $425 million in new home loans in the community, with $125 million of that dedicated to low-income and moderate-income families. Wells will also make $4.5 million available in grants to first-time home purchasers, as well as $3 million for a programs related to financial literacy, home buyer counseling, and small business development.

Dansette

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