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Wells Fargo announces sudden bank branch closure with sign warning customers of ‘changes’ to come

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A WELLS Fargo bank branch in Pennsylvania is expected to close within a few months.

The store in Belém, located about 60 miles from Philadelphia, will close its doors on August 28th.

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A Wells Fargo branch in Pennsylvania is expected to close within monthsCredit: Google Maps

It’s just the latest major bank branch to close as more and more Americans opt for online services.

But local residents should not despair, as the chain has other facilities located a mile away from the branch that is closing.

And Wells Fargo bosses emphasized that they are still committed to their customers, for WFMZ-TV.

“Wells Fargo remains committed to Bethlehem and branches continue to play an important role in how we serve our customers in combination with our online and mobile channels and ATMs,” a spokesperson said.

“As customer preferences and transaction patterns change, so do our branches.”

A sign revealed that there will still be an ATM outside the building after the bank closes, for The Morning Call.

The branch has been a Wells Fargo store since 2008.

It’s inside a grand building inspired by the Greek Revival era of architecture synonymous with the 18th century.th and 19th centuries.

Customers were saddened by the bank’s departure from the structure

“Beautiful building, architecture is lovely, many history,” said one fan.

‘I don’t leave my money there,’ screams Wells Fargo customer as $80,000 is drained from account – she only used her card 3 times

“I hope they don’t become empty soon. It’s sad to be losing banks, it’s hard to find a branch near me, sometimes you need one!”

“I hope they don’t demolish this building too, I’m sure they can leave the structure and renovate the interior,” said another.

Others said the closure is part of a growing trend.

“Unfortunately, traditional banks are going the way of physical stores,” said one customer.

Wells Fargo still has a branch in the Westgate shopping center located in the city.

The chain also has facilities in Allentown – located about ten kilometers from Belém.

The US Sun has reached out to Wells Fargo for comment.

Wells Fargo Bank Closings Pending

Big banks like Wells Fargo and Chase continue to reduce their branch portfolios as more and more Americans opt for online services over in-store services. Bank closures are listed in the Comptroller of the Currency’s weekly bulletin. The US Sun compiled a list of Wells Fargo branch closings that were disclosed in early June.

  • Red Bank, New Jersey
  • Trenton, New Jersey
  • Willingboro, New Jersey
  • Scottsdale, Arizona
  • Citrus Heights, California
  • Torrence, California
  • Seattle, Washington
  • Bethlehem, Pennsylvania

Source: The Office of the Comptroller of the Currency

Wells Fargo bosses also announced a series of store closings, according to the Office of the Comptroller of the Currency weekly newsletter for June 1st.

Branches in New Jersey, Arizona, California and Seattle are expected to close in the coming months.

Last month, OCC bosses revealed notice that Wells Fargo executives planned to close branches in Palm Harbor, Florida, Maple Shade, New Jersey, Hattiesburg, Mississippi and Amarillo, Texas.

In March, Wells Fargo bosses closed a branch in Cedar Rapids, Iowa.

Bosses explained that customers were informed of the decision in November last year, as reported by Corridor Business Journal.

“Because we currently have bank branches so close together, we are consolidating them into fewer locations,” said Mike Slusark, the company’s vice president and chief communications consultant.

Banking chiefs at JPMorgan Chase and Bank of America also announced store closures.

At least 400 branches have already closed this year, according to the Wall Street Journal.

Last year, more than 2,400 agencies closed their doors, according to data from S&P Global Market Intelligence cited by the vehicle.

But financial giants are also opening branches.

Chase has expanded its store portfolio after a branch in Groton, Connecticut, opened its doors earlier this week.

In April, a new state-of-the-art Wells Fargo branch opened in Golden Valley, Minnesota.

The branch characteristics a digital wall that shows users how to use online platforms, e.g. CCX Media.

The bank also contains more rooms that give customers the opportunity to talk about their accounts in private.

Big banks like Chase, Bank of America and Wells Fargo announce plans for store openings in the OCC Weekly Bulletin.



This story originally appeared on The-sun.com read the full story

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