Wells Fargo, one of the largest banks in the United States, has faced heightened scrutiny in recent years. In late 2022, the bank settled claims of consumer abuse with authorities for $3.7 billion related to car loans, mortgages, and checking and savings accounts. The Consumer Financial Protection Bureau noted that the bank’s misconduct had serious repercussions on some clients.
According to the CFPB’s ruling, Wells Fargo improperly seized vehicles from their owners and caused borrowers to lose their homes. Moreover, overdraft fees on the bank accounts of other customers were incorrectly assessed.
How do we know which branches will close?
In 2023, Wells Fargo shut over three hundred bank branches, more than double the number closed by Chase and Bank of America.
When a bank decides to close a branch, it is required to inform the Office of the Comptroller of Currency (OCC) at least 90 days prior to the scheduled closure. We have identified the total number of branches that could be impacted, based on the closures reported by the end of 2022 and those filed through early September of this year.
Another eighteen closures have been reported to the OCC since October 2022, but the bank has yet to announce when those branches will shut their doors to the public.
The complete list of branches that will be closed by the end of 2023
In Alabama, four branches have closed so far this year:
In Alaska, two branches have been closed this year:
In Arizona, 14 branches have closed so far this year:
In California, 59 branches have closed this year:
In Colorado, five branches have closed this year:
In Connecticut, four branches have closed so far this year:
In Delaware, only one branch has closed this year, located in Wilmington at 505 Carr Road.
In the District of Colombia, two branches have closed this year:
In Florida, 28 branches have closed so far this year:
In Georgia, 16 branches have closed so far this year:
In Idaho, five branches have closed so far this year:
In Illinois, two branches, both in Chicago, have closed so far this year:
In Iowa, three branches have closed so far this year:
In Maryland, five branches have closed so far this year:
In Minnesota, 11 branches have closed so far this year:
One Wells Fargo branch has closed in Montana and Nebraska:
In Nevada, nine branches have closed so far this year
In New Jersey, 19 branches have closed so far this year:
In New Mexico, six branches have closed so far this year:
In New York, three branches have closed so far this year:
In North Carolina, 13 branches have closed so far this year:
In North Dakota, one branch in Bismark at 1050 E Interstate Avenue has closed this year.
In Oregon, 4 locations have been closed this year:
In Pennsylvania, 16 locations have closed so far this year:
One location in Surfside Beach, South Carolina closed this year at 1410 Highway 17 N.
In Texas, a total of 34 branches have been closed this year:
In Utah, six branches have been closed this year:
In Virginia, 17 branches have closed so far this year:
In Washington, seven branches have closed so far this year:
In Wisconsin, three branches have closed so far this year: