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Respected Contributor
Posts: 4,176
Registered: ‎03-28-2010

Several WF banks have closed in my area.  I did a google search and found out that Wachovia bought WF.  The 2 banks remaining in my area have closed their drive-thru.  Has anyone noticed WF closures near you?

Valued Contributor
Posts: 507
Registered: ‎04-22-2010

Yes, we have had several close in our area.  They also closed the drive through window.  It is just the signs of the times.  

Honored Contributor
Posts: 15,116
Registered: ‎03-09-2010

Wells Fargo bought out Wachovia in 2008.

I have noticed many different banks closing several of their locations. I guess just like retail and restaurants it's a sign of the times.

"If you walk the footsteps of a stranger, you'll learn things you never knew. Can you sing with all the voices of the mountains? can you paint with all the colors of the wind?"
Honored Contributor
Posts: 16,242
Registered: ‎03-09-2010

@ScrapHappy   Haven't noticed a WF disappearance yet;  lost my favorite Chase already.  I know other banks have closed but I don't pay careful attention to those I don't use.

 

 

Respected Contributor
Posts: 4,695
Registered: ‎03-15-2021

Re: Wells Fargo Banks

[ Edited ]

The closure of drive thru windows seems to be a big-bank trend. Bank of America closed their drive thru manned by humans at one of their branches in West Texas.

Respected Contributor
Posts: 3,068
Registered: ‎06-29-2016

Re: Wells Fargo Banks

[ Edited ]

Wachovia hasn't existed since the banking crisis/recession of 2008.

 

It's purchase by Wells was part of the restructuring of the banking system to avoid widespread panic and collapse of the financial markets:  Washington Mutual,  Lehman Brothers, Bear Stearns were subject to bailout and orchestrated mergers by the Fed, the FDIC and the Treasury.

Respected Contributor
Posts: 4,668
Registered: ‎04-05-2010

@ScrapHappy wrote:

Several WF banks have closed in my area.  I did a google search and found out that Wachovia bought WF.  The 2 banks remaining in my area have closed their drive-thru.  Has anyone noticed WF closures near you?


@ScrapHappy It's my understanding that Wells Fargo merged with Wachovia in 2008...and all Wachovia banks became Wells Fargo.

 

I can't find any info about a reversal--did a google search.

Honored Contributor
Posts: 12,239
Registered: ‎03-19-2010

Why is closing the drive-thru windows a sign of the times?  I would think they would prefer that over people coming inside.  At least that was how it was during Covid.  Drive-thru was the only way to do any banking unless you could get an appointment to go inside for something. 

 

WF may have lost a lot of their customer base after the scandals they've endured the last few years.  

Honored Contributor
Posts: 9,650
Registered: ‎02-07-2011

Actually, a Wells Fargo bank is opening in my area in Chicago.  This is the first one I've seen here.

Honored Contributor
Posts: 8,072
Registered: ‎03-14-2010

Yes, several Wells Fargo bank branches have closed in our area. 

 

And the one closest to our house is on it's last breath. You still were not allowed into the bank without an appointment at least 6 months after things started to open up after Covid. The 2 lines for the drive thru was always backed up to the street with at least 12 cars in each line. 

 

But oddly 2 Chase Bank branches have opened within 3 miles of our house. Since they are so close to one another, you would think they were in competition with each other. But several other banks have also opened recently.

A Wendy's became a Bank of America. All the other new banks are new construction. 

But there were computer problems last week with deposits and withdraws. Wells Fargo is having their troubles.