Shawdesh Desk:
WELLS Fargo has announced 10 locations that have closed or are set to close soon.
The banking giant with over 7,000 branches closed most of the 10 stores on the same day, less than two weeks ago.
This comes as Wells Fargo’s bosses warn that more in-person branch closures are on the way.
Nine branches closed their doors on September 20, according to The US Office of the Comptroller of the Currency.
The East Coast was worst hit by the September closures as five spots shut.
Branches in Robbinsville, Verona, and Elizabeth all closed in New Jersey.
Pennsylvania also lost banks in Allentown and Quarryville, according to Central Penn Business Journal.
In response to the two Pennsylvania closures, Wells Frago released a statement that said it “has made the difficult decision to close the North Seventh Street branch in Allentown and the Quarryville branch on Wednesday, Sept. 20, 2023.
“After that, North Seventh Street customers can visit us at our 5 City Center branch, less than a mile away.
“Quarryville customers can visit us at our Bridgeport branch, approximately 11 miles away.
“We apologize for any inconvenience.”
The midwest also lost a branch in Nampa, Idaho, and another in Ogden, Utah.
A singular closure hit the South on that date in New Bern, North Carolina.
Their location in Wasilla, Alaska, also shut its doors on September 20.
Finally, the doors of its location at 333 Market Street in San Francisco, California, are set to close soon.
The 10 back-to-back closures come as Wells Fargo bosses shared a worrying update on the future of its in-person locations, as previously reported by The US Sun.
Bank officials said: “Customers use our wide range of digital capabilities for many of their banking needs and, as a result, more transactions are happening outside the branch.
“As customer preferences and transaction patterns change, so will our branches and the experiences customers have in them.”
The US Sun has reached out to Wells Frago for comment.
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