Wells Fargo & Co’s Winston-Salem office will be permanently closed on June 1 as part of the bank’s latest round of branch closures in response to the COVID-19 pandemic.
The 100 N. Main St. branch is one of 11 recognized by the bank to its federal regulator, the U.S. Office of the Comptroller of the Currency.
Closing notices were posted at both the downtown branch and the Charlotte branch at 1525 Harris Blvd. on Friday, March 11.
Wells Fargo spokesman Josh Dunn said: “This is not an easy decision or one that we take lightly, we continually evaluate our branch network, and make adjustments based on changing customer needs, market factors and economic trends. This process leads to both expansion and consolidations.”
In December Wells Fargo revealed it would close the Winston-Salem branch, as well as branches in Greensboro and in Jamestown.
The closure means Wells Fargo would still have eight Winston-Salem branches, as well as one each in Clemmons, Kernersville and Lewisville.
In December, the company said: “Branches continue to play an important role in the way we serve our customers, and we continue serving customers through our branches while prioritizing safety amid the COVID-19 pandemic,”
There have been at least 41 branch closings in North Carolina.
The latest round of branch closures raises the total to at least 824 across the U.S since the initiative began in earnest on July 21, 2020.
Overall, Wells Fargo has dropped from about 6,600 branches in 2009, when it acquired a collapsing Wachovia Corp. and gained an East Coast presence. As of Dec 31, it was at 4,777 branches.
Source: Winston-Salem Journal.