Wells Fargo to Close 400 Branches – NMP Skip to main content

Wells Fargo to Close 400 Branches

Jan 17, 2017

Wells Fargo, the nation’s largest mortgage lender, is planning to close more than 400 bank branches by the end of next year.

According to a CNN report, the new wave of closures will follow the shuttering of 84 branches in 2016. The San Francisco-based bank did not offer a list of which branches it plans to shut down.

Wells Fargo’s reputation hit a significant pothole last year over a scandal involving fake bank accounts. However, the company insisted that the branch closings have no connection to that controversy, but instead reflect consumer preferences to online and mobile banking rather than traditional branch banking.

About the author
Published
Jan 17, 2017
Strong Jobs Report Threatens Mortgage Rate Rally

October hiring more than doubled expectations, pushing Treasury yields higher

Nov 06, 2026
Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Oct 29, 2026
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Oct 09, 2026
Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Oct 09, 2026