The San Antonio City Council declined Wells Fargo’s card Thursday as it voted 7-4 to drop the multinational banking giant from a proposed pool of underwriters.
Council members Mario Bravo , Jalen McKee-Rodriguez , Phyllis Viagran , Adriana Rocha Garcia , Teri Castillo , and Rosie Castro joined Courage in voting to exclude the bank.
The city council had been split 5-5 when it argued the issue last week when Rocha Garcia was absent. Her return and Viagran’s decision to switch sides gave the banks’ opponents the votes they needed to remove them from the list. City staff said the bank’s regulatory issues were taken into account during the scoring process for its recommendations.
Wells Fargo Region Bank Director Joe Atkinson said the bank has 4,700 local employees and has given millions of dollars to nonprofits. He tried unsuccessfully to convince council members that the bank’s problems were behind it.
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