A massive bank now closes several branches in Florida as the online banking trend continues to grow, also fueling layoffs in the sector.
This week, Wells Fargo will close the following four branches in Florida.
- 3131 West Hallandale Beach Blvd, Hallandale
- 10191 Cleary Blvd, Plantation
- 113 South Tennessee Ave, Lakeland
- 4901 Tamiami Trail, South Naples
The bank is also closing an additional four branches in California soon.
“In July, Wells FargoĀ laid off over 100 employeesĀ in the consumer and small business banking division in Orlando,” reports Ash Jurberg.
“Banks continue to close across the United States. Between 2017 and 2021, nine percent of all branches āĀ almost 7,000 locationsā shut their doors.”
This trend has grown nationwide as traditional banks pivot towards an ever growing digital world.
“Data from S&P Global Market IntelligenceĀ shows a total of 1,144 national and regional banks were closed between January 1 and July 31 across 49 states ā and firms are pulling out of some areas faster than others,” reports the DailyMail.
“We need to concentrate Wells Fargo real estate investments in fewer locations or reduce space in existing real estate,āĀ Wells Fargo said.
āBranches continue to play an important role in the way we serve our customers, and customers continue to value the experiences they have in our branches,ā Saul Van Beurden, the bankās CEO of consumer, small and business banking, said in a statement.
Wells Fargo hasĀ cut its workforce by roughly 40,000 since the third quarter of 2020, and more cuts ae expected, the bankās chief financial officer, Mike Santomassimo, said last month.
Also Read: Florida Now Has Massive Departures As Residents Leave State
Other Banking News Today
A US bank is now stealing customers money in what appears to be a blatant fraud scheme that locks users from their accounts after making deposits.
Green Dot Bank is now facing fraud allegations from various customers who have been locked out of their account from several weeks to even months.
A Green Dot Bank customer who wishes to remain anonymous reached out to FrankNez to share their story.
āI found your info after reading your blog on the Green dot bank pending lawsuits.
I opened my account in June and received deposits in July through August totaling 2300+ dollars.
Itās October and I still havenāt received my money, I was even assigned a case number, gained access to the account after rigorous verification questioning only to be locked out of my account again and call disconnected because I couldnāt recall an old email on my account after they had been on the phone with me for close to an hour.
Iāve had no choice but to contact FDIC because Iām injured canāt work and Iām backed up in bills.ā
Many customers are having difficulty receiving a direct response from the bankās customer service department, with many claiming to have been given the runaround.
āIt been a month and I still havenāt been able to get my money from Walmart green dot. I have asked for a replacement card 4 times and havenāt got a card yet. My rent is due for last month and this month. I think theyāre trying to keep my money,ā says Marzell Land, another Green Dot Bank victim.
Customers affected by Green Dot Bank fraud should report to the FDIC and Better Business Bureau.
Scammers have lent out āsupportā emails on forums meant to trick users into contacting the bankās support team ā these are fake.
Also Read:Ā The US Treasury Direct is Now Freezing Customer Accounts
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It’s hard to know where to put your money these days with all the major bank closings, being locked out of your account and inaccessible government accounts!
What’s next? Invalidate standard American currency?
No wonder so many are fleeing this disintegrating society!
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