SAN FRANCISCO–As the CU Daily reported here, more than 320 U.S. bank branches closed during the first quarter of this year, and one new report shows Wells Fargo is among those aggressively closing its bricks-and-mortar. 

The $1.7-trillion Wells Fargo, which has more than 4,000 branches across 36 states, closed 92 branches during 2024, and despite declining average loans, Wells Fargo reported net income of $18.6 billion or $5.43 per share in 2024.

Docs Filed With OCC

Wells Fargo has recently filed documents with the Office of the Comptroller of the Currency (OCC) indicating it will close 14 more branches, according to TheStreet.com.

Those branches are in Texas, Iowa, Virginia, Arizona, Washington state, North Carolina, Alabama, Florida, California, and Utah.