The national bank will have 50 locations remaining in the region, down from 65 branches 10 years ago.
Wells Fargo closing two more Richmond branches
Wells Fargo
On the money: Richmond area banking news recap for 2021
Mergers and acquisitions by financial institutions had ripple effects, including layoffs, branch closures and office shuffling.
Pipeline: Commercial Real Estate Round Up for 10.21.11
A Henrico building sells for $12.4 million. Plus, yet another frozen yogurt shop has been leased.
A new name in the downtown skyline
First comes the Wells, then the Fargo
SBA loan volume snapshot
Small businesses around the state borrowed $149.78 million worth of SBA loans from Oct. 1 through May 31.
The stagecoach rolls forward
Wells Fargo is starting the process of rebranding local Wachovia branches.
The Herd: New hires, promotions and departures for 3.9.11
Moves in advertising, banking, health care and local government, including a new police chief in Henrico.
The Pipeline: Commercial Real Estate Round Up for 6.4.10
Advertising firm Madison+Main leased 3,861 square feet in Exchange Place at 1313 E. Main Street in Richmond while Staples, Inc. leased 9,867 square feet in Henrico.
Foreclosures for 3.30.10
Several higher-end homes are on the list this week, including nine valued at more than $300,000 and a home on Cary Street.
“Back to basics” say bankers
Local bankers know they’re not the most popular guys around town these days. But the banking model doesn’t work so well when real estate prices are fluctuating so wildly and major industries are falling by the wayside. There were two banking panels this week both centered around the topic of why banks seem tighter lending than this time two years ago. Both had a similar refrain.