|FOR IMMEDIATE RELEASE
||May 6, 2004
||Kathryn Funk-Baxter, Interim Vice President for Finance
(361) 825-2495; Jorge A. Ramirez, Assistant Vice President for Communications
Wells Fargo Awarded Five-Year Contract to Provide Banking Services at
Texas A&M University-Corpus Christi
Wells Fargo Bank, N.A. will assume
operations of the bank branch and ATM located at the University Center
of Texas A&M University-Corpus Christi in late July, pending regulatory
approval. The firm was recently awarded a five-year contract based on the
recommendation of a 10-person Request for Proposals (RFP) evaluation team
from the University.
“Wells Fargo is excited about this opportunity to partner with the University
in offering the campus community new and expanded financial services,” said
Ralph Gomez, district manager for Wells Fargo Bank.
The evaluation team, consisting of representatives from across the University
community, reviewed proposals from several financial institutions that
responded to a Request for Proposals posted by the University in December.
“The Evaluation Committee had several good proposals for review during
this evaluation process,” said A&M-Corpus Christi Interim Vice President
for Finance, Kathy Funk-Baxter. “While only one institution could
be awarded the contract, we feel that Wells Fargo provided an excellent
package for our students, faculty and staff to provide banking services
here on campus. They also provide a large network of institutions and ATM's
across the nation to serve their customers’ needs.”
American Bank, which had provided services at the University since 1995
and participated in the new Request for Proposals, will close its University
Center location at noon on July 16. Accounts of current American
Bank customers at the campus branch will not change. They will remain
with American Bank with no changes to the account requirements or fees.
“Our campus community has benefited from having American Bank on our campus
for the past nine years and we were happy with the services they provided
the University,” said Funk-Baxter. “It was an excellent relationship,
but it was time for proposals to be accepted from interested partners for
banking services as our contract with American Bank was to expire in summer
Trey McCampbell, chief administrative officer for American Bank, said “We've
been pleased to be a part of the phenomenal growth of Texas A&M University
over the past nine years. Obviously we are disappointed that American
Bank was not chosen as the on- campus bank. However, we appreciate all
customers we have had and hope to continue to serve them from our other
Corpus Christi area branches."