Vendor just let it slip that buildings to be sold off. He was just doing inspections for sale. Said multiple rural branches. Smh...
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Check out the downtown location in Sioux Falls....it's closed for 2 weeks because of lack of people to work.
Chicago is seeing the number of brick and mortars increasing
Once JPM came out with their growth plan, Charlie is reversing course in closing locations. Not saying banks won't close but the velocity will slow.
so...... where the heck is my safety deposit box supposed to be? That is the ONLY reason I set foot in our local branch.
Wells Fargo cannot force clients to do digital banking and many clients prefer the in person banking experience. I would never bank or do business with this scandal ridden cesspool. I hope it fails.
They'll be snapping up the empty Wells Fargo branch real estate at a great price!
Based on the stellar reputation this bank has built itself through the never ending scandals in the news all these years, does anyone really think "Main Street" folks would show up at the new branches en masse bringing their money and business?
So much this site saying WF always follows JPM lead
CNN
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JPMorgan Chase announced a multi-billion dollar effort to grow its physical footprint on Tuesday.
The bank, which already boasts the largest number of branches compared to its competitors in the United States, said it would open more than 500 new Chase branches and hire 3,500 employees in the next three years. JPMorgan said it plans to expand its footprint in cities like Boston, Minneapolis, and Charlotte, North Carolina. The firm also plans to enter several new markets, including rural communities with fewer traditional banking options.
JPMorgan said it also plans to renovate roughly 1,700 existing locations.
The only purpose of luring unsuspecting employees to the office is to get some to quit without severance before closing the building and getting rid of everyone else. That's the plan, and it's always been Shart's Plan. Brick and mortar is being done away with, same with domestic employees.
I like how Charlie tries to look modern with saying mobile is the future, brick and mortar is the past...
... and yet...
RTO 😐
🤔
Charlie has stated that he thinks the future is mobile banking and that branches are a feature of the passed. Norwest always advertised that they were a main street bank not a Wall Street bank. Charlie want's WF to be a Wall street bank F the rural locations.
No surprise…..2024 is going to be brutal!