Over the past two years, Wells Fargo has been under fire for establishing millions of accounts without the owners’ permission and for putting staff under extreme pressure to reach impossible goals. Since online banking allows users to manage part of their financial needs without visiting a physical branch, these incidents have occurred at a time when large banks are undergoing significant transformation. Executives of Wells Fargo declared in 2017 that they would start reducing the number of branches.
Wells Fargo will close more than 20 offices in the United States
After closing more than 224 locations in 2017, 295 locations were closed in 2018. In 2020, more than 630 branches shuttered their doors in communities around the nation, but closures slowed in 2019 to 195. An additional 928 branches were closed between 2021 and 2024, increasing the number of closures since 2017 to 2,280. Less than 100 branches were opened during that time, underscoring the overall loss during the seven years since Wells Fargo’s executives declared a reduction in the bank’s physical footprint. Here are the Wells Fargo offices that will be closed this year:
Alabama
1600 Montgomery Hwy, Hoover
Arizona
3901 E Grant Rd, Tucson
California
2425 N. Blackstone Avenue, Fresno
687 S. Coast Highway 101, Suite 151, Encinitas
652 N. La Brea Avenue, Los Angeles
655 North Fair Oaks Avenue, Pasadena
5798 Stoneridge Mall Road, Pleasanton
7477 Watt Avenue, North Highlands
Florida
590 Hunt Club Boulevard, Apopka
Iowa
100 Nile Kinnick Dr. N, Adel
North Carolina
200 First Ave. NW, Hickory
7801 Falls of Neuse Rd, Raleigh
New Jersey
59 South Finley Avenue, Basking Ridge
Texas
321 University Drive, College Station
5809 E. Lovers Lane, Dallas
6333 East Mockingbird Lane, Dallas
2611 Cedar Springs Road, Dallas
221 N. Kansas Street, El Paso
25100 F.M. 2100, Huffman
1930 North Loop 1604 E, San Antonio
Utah
One Main Street, St. George
Virginia
7928 Fort Hunt Road, Alexandria
Washington
225 108th Avenue N.E., Bellevue
Wells Fargo has also notified the government Office of the Comptroller of the Currency that it intends to close 32 branches in addition to these closures.
Here are the main tips to pay less on taxes, according to Wells Fargo
One of the most well-known banks in the US, Wells Fargo, provides its customers with several options to minimize their tax liability. Based on widely accepted advice in the financial industry, the following four strategies can help you pay less in taxes:
- Charitable donations: Contributions, including cash and commodities, to charity organizations recognized by the IRS may be tax-deductible. One can avoid capital gains tax and deduct the fair market value of the donation by giving appreciated assets, such as stocks.
- Contributing to retirement accounts: Making contributions to retirement plans, such as IRAs or 401(k), can lower taxable income. Contribution caps are as follows for 2025: 401(k): up to $23,000 and IRA: up to $6,500. According to Wells Fargo, these donations not only provide immediate tax advantages but also guarantee future financial security.
- Health Savings Accounts (HSAs): HSAs allow individuals with high-deductible health plans to save for future medical expenses with tax advantages. Contributions to these accounts are tax-deductible, and withdrawals for qualified medical expenses are tax-free. Additionally, unused funds can grow and accumulate year after year.
- Claiming available tax credits: It is crucial to verify eligibility for these credits and claim them when filing the tax return, as tax credits could reduce the amount of taxes owed. For instance, some common credits include:
Source: pedirayudas.com
