Wells Fargo & Co., a leading provider of financial services, has recently appointed Alejandro J. Cabezut to community banking president for Laredo. As the community banking president, Cabezut will be responsible for the effective management of several Wells Fargo locations based in Laredo and also managing international banking relationships in Monterrey, Mexico.
The job encompasses management and development in two very diverse and uniquely different and dynamic markets affected by differing international banking laws and informal business protocols. In this role, Cabezut will develop and implement the markets 9business banking and community banking marketing and business strategy, as well as the locations 9 profitability plans. As community banking president, he will actively participate and represent Wells Fargo in various Monterrey and Laredo community, civic and professional organizations.
Prior to joining the Wells Fargo team, Cabezut was the chief country representative for Latin World Securities in Mexico. In 1990, he received both his masters of business administration from the Wharton School and his masters of arts in international studies from the University of Pennsylvania in Philadelphia. Founded in 1852, Wells Fargo & Company is a diversified financial services company with $308 billion in assets, providing banking, insurance, investments, mortgage and consumer finance from ... more. less.
about 5,400 stores and the Internet (www.wellsfargo.com <http://www.wellsfargo.com>) across North America and elsewhere internationally.<br><br> 10LMTBusiness JournalJuly 1, 2002 LMTBusiness JournalJuly 1, 20027 C O R P O R A T E K U D O S M A R K E T W A T C H El Cenizo soon to open new library BYJAVIER BARROSO Times staff writer The second floor of El Cenizo City Hall will soon house a new public library that has been in the works for the past two years. El Cenizo Mayor Flora Barton said during the last city council meeting on June 13, city officials and residents decided together to make the second floor of City Hall the new public library. cWe always want to have communication between the city and the community on every decision we make.<br><br> We need for people to attend the meetings so they can give us their opinions because, by working together, we can progress better, d she said. Barton said the city already has more than 1,000 books in stock from different donors. (June 24, 1A) Rio Bravo files for bankruptcy BYJAVIER BARROSO Times staff writer The city of Rio Bravo filed for protection under Chapter Nine of the Bankruptcy Code, Monday morning.<br><br> Consequently, Rio Bravo is now protected from any creditor wanting to clear the city 9s debts. The agenda for an emergency meeting to discuss the bankruptcy was posted Thursday afternoon, and the meeting was held Friday morning. Rio Bravo Mayor Juan G.<br><br> Gonzalez said the step is going to have positive outcomes. He explained that Rio Bravo is not the first city to file for bankruptcy, and that this is going to give them time to re-organize. (June 25, 1A) $12.6 million budget deficit for UISD BYTRICIACORTEZ Times staff writer United Independent School District officials are currently grappling with a projected $12.6 million deficit for next year 9s school budget, about $9 million more than what they faced last year at this time.<br><br> Because of this, board members tabled discussing UISD 9s proposed $120 million bond election at a Wednesday night budget workshop. cWe cannot discuss the bond election until we have an internal budget that we are satisfied with, d UISD Trustee Tina Treviño said. Before the budget workshop began, Trustee John Bruce remarked that based on the state 9s projected $5 billion shortfall, ceducation is in the cusp of a financial crisis. d As for UISD, its expenditures for next year are projected to run at $164 million, but the district is expecting to bring in only $151.4 million in revenues from local taxes and state and federal funds, Assistant Superintendent Laida Benavides said.<br><br> The budget shortfall, she and other district officials say, stems from two main factors 4 population growth and a decision made by the state this year that UISD has about $200 million in more taxable local property than is actually there. (June 26, 1A) City of Rio Bravo 9s future uncertain BYJAVIER BARROSO Times staff writer Rio Bravo officials told residents at a city council meeting Wednesday evening that the current bankruptcy status of the city should be seen as a cpositive thing. d The two city commissioners and the mayor seated at a table in the fire hall seemed confident when they said the city will persevere despite all the debts that cthe past administration left, d but some residents attending the meeting seemed somewhat unsure. (June 27, 1A) Sanchez addresses health care professionals From wire and staff reports AUSTIN 4 Democratic gubernatorial nominee Tony Sanchez met with health care professionals from around the state Thursday to discuss the current health care crisis in Texas at a special forum in Austin.<br><br> Following the private forum, Sanchez was joined by State Senator Judith Zaffirini, and Representatives Elliott Naishtat (D-Austin), Craig Eiland (D-Galveston) and Ann Kitchen (D-Austin), who hit on Gov. Rick Perry 9s history of vetoing critical health care legislation. (June 28, 7A) B O R D E R B R I E F S (Read the whole story at the lmtonline.com archives) Shrimp growers warn of import threat GRANDFALLS, Texas (AP) 4 Imported shrimp that does not have to meet the same standards as domestically produced varieties is hurting West Texas producers, according to a trade group.<br><br> The newly formed West Texas Shrimp Growers Association is going to bat for aquaculture businesses who have been trying to produce a competitive product since the 1970s. But imported shrimp from such countries as Vietnam is currently allowed for sale in this country, even though Texas producers argue that some of the imports are grown using antibiotics banned in the United States. cThis is actually driving us out of business, d said David Tucker, president of the Desert Shrimp Growers Association.<br><br> He said imported shrimp tainted with chloramphenicol, an antibiotic that in rare cases can cause an incurable and highly fatal anemia in humans, has been found in the United States. Such imported shrimp does not have to meet the same rigid standards applied to the domestic shrimp industry. cThat 9s not fair trade practices, d Tucker told the Pecos Enterprise.<br><br> He said domestic shrimp farmers cannot use chloramphenicol. If they did, he said, they would be out of business and in court. Tucker traveled to Austin on Monday to meet with Texas Agriculture Commissioner Susan Combs and a representative of Gov.<br><br> Rick Perry 9s office, along with representatives of the coastal shrimp growers association and shrimp processors. Wells Fargo names new community banking president NEW PRESIDENT: Alejandro Cabezut, newly named as Wells Fargo Laredo 9s community banking president, will develop and implement the markets 9business banking and community banking marketing and business strategy, as well as the locations 9 profitability plans. (Courtesy photo)<br><br>