Wells Fargo Promotes Brouillard to RVP/Middle Market Banking

Wells Fargo Middle Market Banking promoted Jeff Brouillard to regional vice president of its team in San Antonio. He succeeds market leader Mark Metcalfe.

ICBA Commends Fed for ‘Equitable Treatment of Wells Fargo’

ICBA commended the Federal Reserve for “equitable treatment of Wells Fargo following the megabank’s repeated consumer abuses.”

Fed Restricts Wells Fargo’s Growth Until Governance & Controls Improve

Responding to widespread consumer abuses and compliance breakdowns by Wells Fargo, the Federal Reserve said it would restrict the bank’s growth until it sufficiently improves its governance and controls.

Wells Fargo Agents $750MM Facility for Fossil

Fossil Group and Fossil Group Europe amended their credit facility with Wells Fargo as administrative agent to include a $325 million revolving credit facility and a $425 million term loan.

Lee Joins Wells Fargo Asset Management as Global Head of Research

Wells Fargo Asset Management hired Wai Lee as global head of research with the Multi-Asset Solutions team.

Wells Fargo Agents $250MM Facility for Wingstop

Wingstop closed a new $250 million senior secured credit facility with Wells Fargo Bank as administrative agent as part of the company’s recapitalization.

Wells Fargo Sells Shareowner Services to Equiniti Group

Wells Fargo completed the sale of its shareowner services business to Equiniti Group.

Wells Fargo Supports Mid-Con Energy Powder River Basin Buy

Mid-Con Energy Partners has acquired the assets of Powder River Basin. Wells Fargo served as administrative agent for an expansion of the company’s borrowing base to $125 million to support the transaction.

Bon-Ton Files Restructuring Plan, to Close 40 Stores

Bon-Ton Stores filed a pre-packaged restructuring plan with the SEC two weeks after entering forbearance agreements with its ABL lenders, led by Bank of America.

Dahlgren Named Wells Fargo Head of Regulatory Relations

Wells Fargo named Sarah Dahlgren its head of regulatory relations. She will report to Mike Loughlin, Wells Fargo’s chief risk officer, until his successor is named. Loughlin announced his retirement on January 17.