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$OZRK said total payoffs and paydowns were approx. $1Bil in 3Q16. The company is originating $2-3Bil of loans per quarter and it expects the number of originations to increase. Looking at YoverY growth, $OZRK has had a 60% plus growth rate in non-purchased loans and leases.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.