Wells Fargo, one of the largest banks in the United States, announced the closing of branches in California, Florida, Georgia and Minnesota in December 2023. Closing its locations is a trend seen this year and responds to a reality around the norm. to its clients.
Why is Wells Fargo closing branches? Because their clients don’t usually come to do their procedures in person. Users prefer to manage their money through the company’s digital mechanisms.
“Customers are using our extensive digital capabilities for most of their banking needs, and as a result, many transactions are occurring outside of the branch,” a Wells Fargo representative told Best Buy. Life.
For this reason, the company’s branch network is shrinking, while technological tools, such as digital banking, have become the preferred route for Wells Fargo customers.
WHAT IS KNOWN ABOUT WELLS FARGO BRANCHES CLOSING IN DECEMBER 2023?
In December 2023, Wells Fargo closed its branches in California, Florida, Minnesota and Georgia, due to the tendency of its customers to use their digital channels to perform various operations, instead of going to the premises which is personal.
So, these are the addresses of the Wells Fargo branches that will permanently close in the last month of the year:
- 10011 Washington Boulevard, Culver City, California
- 199 Boulevard del Océano Norte, Pompano Beach, Florida
- 615 N 7Th Street, Minneapolis, Minnesota
- 5703 Water Avenue, Savannah, Georgia
HOW MANY BRANCHES WILL WELLS FARGO CLOSE BY 2023?
In 2023, Wells Fargo will close 61 branches in the United States, as part of its strategy to adapt to the preferences of its customers. In September, it closed 25 stores. Last October, it said goodbye to 15 establishments where users could do their paperwork in person.