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BankGuam Holding buys some Wells Fargo loans
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Posted on Feb 22 2012
Consumer, real estate payments to Bank of Guam begin March 1
HAGATNA, Guam-Customers of Wells Fargo Financial Guam and Wells Fargo Financial Saipan (Wells Saipan) will begin paying for their loans with the Bank of Guam (Guam and Saipan) effective March 1, 2012, pursuant to the Loan Purchase Agreement dated Dec. 15, 2011.
Bank of Guam, a wholly-owned subsidiary of BankGuam Holding Company, purchased certain loans, promissory notes, retail installment contracts, and revolving charge agreements from the Guam and Saipan Wells Fargo Financial offices.
Bank of Guam sent out yesterday payment booklets and letters to consumer and real estate customers of Wells Fargo Financial Guam and Wells Fargo Financial Saipan, advising them of the change in payment methods.
“On behalf of the board of directors, management and staff of the Bank of Guam family, we are delighted to welcome customers of the Wells Fargo Financial Guam and Saipan offices,” said Bank of Guam’s Lourdes A. “Lou” Leon Guerrero. “We look forward to servicing their existing loans and offering them a broad range of services to fill their financial needs.”
For more information, contact either Bank of Guam Loan Support or Customer Service Department at (671) 472-5300, P.O. Box BW, Hagatna, Guam 96932. Saipan customers are asked to call the toll free number at 1-866-472-2641 (BOG1) and to remain on the line and you will be directed to a customer service representative. (BoG)
