Banking industry news provided by Financial News USA (OTC: FNWU) The International Hot Rod Association (IHRA) recently announced EntertainMax Worldwide, Inc., a company partly owned by eMax Holdings Corporation (Other OTC:EMXC), has entered into a multi-year agreement to be title sponsor of the 11-event IHRA Drag Racing Series. Effective immediately, the series will be known as the eMax Drag Racing Series. This deal follows last week's announcement by Hoosier Thunder Motorsports that eMax is sponsoring the team's Top Fuel dragster driven by Terry McMillen. U.S. banking giant Citibank (NYSE:C) N.A. has applied to become a member of the Tel Aviv Stock Exchange (TASE) through its branch in Tel Aviv, TASE said on Thursday. The application, which is expected to be approved by the exchange's board, represents a further expansion of Citigroup Inc.'s activities in Israel. Its Tel Aviv branch, which has been operating since 2000, provides corporate banking, investment banking and private banking services.

Wells Fargo & Co. has opened a mortgage fulfillment center in Concord. The 14,312-square foot center is on 1000 Burnett Ave. and brings 60 new jobs to the city. There, staff, who speak languages including Spanish, Cantonese and Filipino, underwrite, process and close mortgage loans originated throughout the Bay Area. Prior to opening the Concord center, San Francisco-based Wells Fargo (NYSE: WFC) handled its Bay Area mortgage applications at a processing center in Southern California. SunTrust Mortgage, Inc. (NYSE:STI) announced recently that Anthony "Tuck" Reed has been named executive vice president and head of secondary marketing. In this role, Mr. Reed will oversee all aspects of SunTrust Mortgage's capital markets operation including trading and risk management, agency and non-agency securitizations, pricing administration, product development, mortgage backed securities delivery and settlement, as well as mortgage investor relations.

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