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Kyle Beasley named market CEO for Bank of Albuquerque

Bank of Albuquerque names Kyle Beasley market executive

Longtime president, CEO of Wells Fargo dies at 78

Willard was 78. “Larry was committed to making New Mexico a better place to live as much as anybody I ever knew, and was one of the most positively impactful leaders New Mexico has had in recent memory,” said friend Steve Moise, the state’s investment officer. “He worked to improve our educational system and our business climate and wanted every child to have the opportunity to receive a quality education, get a good job and move up the economic ladder.” As part of that goal, Willard endowed a number of libraries, including the Willard Reading Room at the University of New Mexico Zimmerman Library, and the Gerald and Betty Ford Library at the Bosque School.

Bill to create state bank takes first step

LAS CRUCES - A years-long effort to establish a public bank in New Mexico took its first step forward Thursday, Feb. 18, on a 5-4 vote in the House Commerce and Economic Development Committee. In past years, legislators had been unwilling to even study the issue, given the fierce opposition from community bankers from throughout the state. That opposition remains, and was bolstered by the fiscal-impact report on the bill, in which state officials from several agencies raised questions about it. House Bill 236 would appropriate $100 million to start the Public Bank of New Mexico, and create a new 11-person board that would provide oversight and hire the CEO to manage the bank. Supporters said it would keep more of our money in the state and would make more funds available for lending.

New Mexico bar owners say liquor license bill would bankrupt them

Liquor-license holders say that legislation to allow restaurants to buy restricted liquor licenses at a much lower cost would devalue their licenses.