Wells Fargo to Close Up to 7 Texas Retail Banking Locations
E-banking has changed the way banks do business. Four retail banking centers recently closed in DFW. In the Houston metro area, Wells Fargo will soon have a total of shuttered seven branches.
Three closures will occur in Houston. Others will be closed in Sugar Land, Stafford, Pasadena and Tomball.
Wells Fargo says they consider the move a consolidation and will put the brakes on future closures, for now. The bank says it will instead update its current locations.
A company spokesman told the Houston Business Journal that “with all that can be done digitally and on mobile, branches are transitioning into guidance and advice centers rather than places to do basic banking transactions. The renovations and redesigns are meant to cater to those changes.”
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.