Wells Fargo to close West Sacramento bank location in branch reduction move

Randy Diamond
·2 min read

Wells Fargo is closing one of its two branch locations in West Sacramento in a downsizing move.

A sign at the branch location at 1601 W. Sacramento Ave., inside a Raley’s supermarket, states that the branch will close March 20.

The only other Wells Fargo location in West Sacramento is about 2 miles away at the Southport Town Center.

Wells Fargo spokesman Tyler Hersko in a statement said the bank apologized for any inconvenience the branch closing would cause customers.

“This is not an easy decision or one we take lightly,” he said.

Hersko said bank branches continue to play an important role in how Wells Fargo serves its customers in combination with online and mobile channels.

However, he said the closing of more bank branches in the Sacramento region was possible.

“Over the last several years, we have rightsized our branch network, and we may continue to combine two older existing branches into one better situated location,” Hersko said “ Doing so does not take away the importance of our customers and the communities we serve.”

Hersko wouldn’t disclose whether any other branches in the Sacramento region are slated for closure.

Last June, Wells Fargo closed two branches in Roseville, one at 110 Harding Blvd. and another at 5007 Foothills Blvd.

Wells Fargo had 57 branches operating as of June 30, 2023, in Sacramento, El Dorado, Yolo and Placer Counties, according to the Federal Deposit Insurance Corporation.

Wells Fargo, like other banks, has shrunk their brick-and-mortar footprint with the advent of online banking.

FDIC data shows that Wells Fargo had 6,272 branches nationwide as of June 30, 2013. Ten years later the number of branches tallied 4,543.

The Sacramento region has been mostly spared from closures. The county had 37 branches as of June 30, 2023, down three branches from 10 years earlier, the FDIC data shows.

Yolo County went to four branches from five, and El Dorado County went to seven branches from eight over the 10 years, according to the FDIC data.

The one exception in terms of a large number of Wells Fargo closings has been Placer County. Wells Fargo had 12 branches as of June 30, 2023, nine fewer than 10 years earlier, the FDIC data shows.

San Francisco-based Wells Fargo is the fourth largest bank in the U.S. with more than $1.7 trillion in assets, according to the FDIC.