Wells Fargo closing San Francisco branch as in-store locations fall out of favor - San Francisco Business Times

Wells Fargo said that it will close its branch inside the Safeway at 2020 Market St. in San Francisco on March 22.

“We continually evaluate our branch network, and make adjustments based on changing customer needs, market factors and economic trends,” a Wells Fargo spokesperson said Tuesday. “This process leads to both expansion and closures.”Wells Fargo’s branch closure recently sparked speculation on Nextdoor that the entire Safeway store at 2020 Market St. is closing for redevelopment. But the grocery giant told me Tuesday: “Safeway does not have plans to close the store.

Wells Fargo had 4,612 retail bank branches at the end of September, down by 184 locations from a year earlier.

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