Wells Fargo promised to make $425 million in mortgages available to Memphis and Shelby residents within the next five years, nearly a third of which shall go to low- and moderate-income borrowers. It will also invest $7.5 million toward helping the neighborhoods recover from the housing crisis by providing grants for things such as home renovations, down payments, and financial literacy programs. "We agreed that it was in the best interests of everyone involved to work together rather than to continue to be involved in a protracted legal fight," said Leigh Collier, Wells Fargo regional president for the Mid-South, in a statement Tuesday.