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Two from Fort Worth appointed by Gov. Abbott to university boards

Steve Hicks, a University of Texas System regent who has been a vocal opponent of regents who have criticized the system’s flagship campus in Austin, was reappointed to the board by Gov. Greg Abbott on Thursday. 

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Fort Worth draws closer to deal with Lancaster developer

City staff are planning to introduce the developer Feb. 3 at a meeting of the City Council's Housing and Economic Development Committee.

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Compass BBVA names Happel CEO for Fort Worth

BBVA Compass has appointed Brian Happel, most recently the Fort Worth city president, its chief executive officer of Fort Worth.

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Two Fort Worth Baylor medical properties acquired

Baylor Surgical Hospital of Fort Worth and Baylor Surgical Hospital Integrated Medical Facility are among three facilities acquired by Carter Validus Mission Critical REIT II Inc.

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Fort Worth minority business receives nationwide grant

Cuevas Distribution Inc., a minority- and woman-owned business in Fort Worth, is one of 20 small businesses nationwide to receive a $150,000 grant from Chase as part of the Mission Main Street program.

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New call center brings 200 jobs to Dallas-Fort Worth area

 

Portfolio Recovery Associates Inc., a publicly traded financial and business services company, has opened a new call center in North Richland Hills that will bring 200 new jobs to the Dallas-Fort Worth area.
PRA plans to immediately hire 150 operations managers, account representatives and other professional positions, with an additional 50 employees by the end of 2014.


The company’s new 45,000-square-foot call center at 6341 Grapevine Highway in North Richland Hills will have capacity for more than 550 employees, and will play a key role in managing PRA’s continued growth.
“This year alone, PRA acquired nearly 3 million new accounts direct from major bank sellers of defaulted debt,” said Neal Stern, executive vice president of operations for PRA.
The company now manages more than 34 million accounts, largely defaulted credit card debt.


According to Stern, major banks are moving toward prohibiting “offshore collections” as a condition of selling their accounts to PRA.
“Major banks are seeing growing value in companies that will manage these accounts with U.S.-based talent,” Stern said. “With the opening of the new call center, PRA is bringing all of its U.S. collections jobs back to the U.S.,” he said.
The company closed its small offshore offices earlier this year.
Headquartered in Norfolk, Va., PRA has more than 3,300 employees in the United States and the United Kingdom.
Portfolio Recovery Associates Inc. trades on the Nasdaq under the symbol PRAA.
 

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