A WELLS Fargo bank is set to close with bosses admitting it was difficult to shut the branch.
The branch in Allentown, Pennsylvania, is just one of dozens set to close.
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Execs at Wells Fargo told Lehigh Valley Business that the branch is due to shut for good on November 1.
The company admitted that the closure wasn’t a move they took lightly.
Chiefs said: “Branches continue to play an important role in the way we serve our customers, and we continuously evaluate our branch network in light of changing customer needs, the increase in the use of digital banking, and market factors.”
But, Wells Fargo customers can access a branch located a mile away.
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The closure was reported in the July 30 – August 4 weekly bulletin that was published on the Office of the Comptroller of the Currency website.
Branches across a raft of states, including Arizona, California, Florida, New Jersey, Maryland, and Colorado are set to close.
Wells Fargo banks in Georgia, Virginia, Wisconsin, and Washington have been slated to shut down.
The Office of the Comptroller of the Currency has received a raft of applications informing the decision to close a slew of Wells Fargo premises.
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The U.S. Sun has compiled a list of the Wells Fargo branches that are set to close:
Wells Fargo branches set to close
A RAFT of Wells Fargo bank
- Sun City, Arizona
- Glendora, California
- Hollywood, Florida
- Bound Brook, New Jersey
- Columbia, Maryland
- Banning, California
- Grand Junction, Colorado
- Sugar Land, Texas
- Minneapolis, Minnesota
- Sparks, Nevada
- Lambertville, New Jersey
- Thousand Oaks, California
- Lilburn, Georgia
- Jonesboro, Georgia
- Washington, DC
- San Ramon, California
- Coeur d’Alene, Idaho
- Allentown, Pennsylvania
- Clearwater, Florida
- Kirkland, Washington
- Charlottesville, Virginia
- Idaho Falls, Idaho
- Edwards, Colorado
- Portland, Oregon
- Sarasota, Florida
- Richmond, Virginia
- Lauderhill, Florida
- Decatur, Georgia
- Sheboygan, Wisconsin
- Norfolk, Virginia
- Hemet, California
- Alpharetta, Georgia
- Tomball, Texas
- Santa Barbara, California
- Reading, Pennsylvania
- Radnor, Pennsylvania
- Annapolis, Maryland
The Albuquerque Journal reported two Wells Fargo branches in Bosque Farms and Santa Teresa will close on October 4.
Banks are required to give a notice period of 90 days before closing a location.
A Wells Fargo bank is also set to close in Des Moines, Iowa in October, as reported by Axios.
An OCC bulletin from April revealed that the chain outlined plans to close 17 branches across 12 states.
Wells Fargo, which has more than 4,000 bank branches nationwide, is not the only bank chain that has announced store closures or closed premises.
The U.S. Sun reported how Bank of America will be shutting down one of its branches in Bakersfield, California.
The store is expected to shut by February 24 next year, according to the company.
Bank of America has nine other centers or ATMs accessible to customers in the city.
The banking giant serves roughly 68million customers and operates 3,900 financial centers nationwide.
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Associated Bank, based in Green Bay, Wisconsin, is set to close six branches by November 17, per the Milwaukee Business Journal.
PNC chiefs have decided to close around 100 of its branches in grocery stores this year, per Annandale Today.
