We have identified the total number of branches that could be impacted, based on the closures reported by the end of 2022 and those filed through early September of this year.Īnother eighteen closures have been reported to the OCC since October 2022, but the bank has yet to announce when those branches will shut their doors to the public. When a bank decides to close a branch, it is required to inform the Office of the Comptroller of Currency (OCC) at least 90 days prior to the scheduled closure. In 2023, Wells Fargo shut over three hundred bank branches, more than double the number closed by Chase and Bank of America. How do we know which branches will close? Representation: We help substantiate your financial needs/position to your banker in person. Please note the following ways to make your. As a result, all accounts are being transferred to our Security Finance branch located at 3801 Nameoki Road Suite 15, Granite City IL. Please be advised that effective July 31, 2021, our branch located at 822 S Morrison Ave, Collinsville IL, is closing. Moreover, overdraft fees on the bank accounts of other customers were incorrectly assessed. 822 S Morrison AveCollinsville IL 62234-2131. The Consumer Financial Protection Bureau noted that the bank’s misconduct had serious repercussions on some clients.Īccording to the CFPB’s ruling, Wells Fargo improperly seized vehicles from their owners and caused borrowers to lose their homes. In late 2022, the bank settled claims of consumer abuse with authorities for $3.7 billion related to car loans, mortgages, and checking and savings accounts. Security Finance has offices conveniently located across the U.S., making it easier for you to find the financial solution you need. Wells Fargo, one of the largest banks in the United States, has faced heightened scrutiny in recent years.
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