PNC Financial Services Group Inc. has listed plans to close 28 more branches, while Wells Fargo & Co. is closing nine, in their respective latest filings to their federal regulator, the U.S. Office of the Comptroller of the Currency.
The reports typically are posted on Fridays. Neither the PNC nor Wells Fargo branch-closing list included a branch in North Carolina.
There have been at least 50 Wells Fargo branch closings in North Carolina since July 2020. That includes Winston-Salem branches at 100 N. Main St. and 720 Coliseum Drive branch, as well as two locations in Greensboro and one in Blowing Rock and Dobson.
Overall, Wells Fargo has dropped from more than 6,600 branches in 2009, when it acquired a collapsing Wachovia Corp. and gained an East Coast presence.
The branch count was at 4,612 as of Sept. 30, down from 4,660 on June 30 and from 4,796 on Sept. 30, 2021.
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By contrast, Wells Fargo’s 2009 acquisition of a collapsing Wachovia Corp. provided its major first East Coast presence. The purchase boosted the overall branch total to about 6,600 at that time.
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Source: journalnow.com
