Wells Fargo to close, sell Five Points location

Its nearby branches will remain open.

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  • | 9:40 a.m. March 11, 2020
  • Real Estate
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Wells Fargo will close its Five Points bank branch in June, according to a company spokeswoman.

The bank then will sell the building at 803 Lomax St., along with a drive-thru and parking lot behind the building.

“We continually evaluate our branch network, and make adjustments based on customer use, market factors, economic trends and competitor actions,” said Wells Fargo spokeswoman Roshana Gossoff by email.

“This process leads to both expansion and closures. While branches continue to be important in serving our customers’ needs, we’re finding that more customers are often using our wide range of digital capabilities for many of their banking needs.”

The building is 4,928 square feet and sits on 0.59 acres. Property records show Wells Fargo has occupied the building since 1992. 

In 2018, Wells Fargo announced it would close 800 bank branches by 2020 in response to customers’ increasing preference to bank online. 

Wells Fargo operates nearby bank branches in Ortega at 4206 San Juan Ave., Downtown at 1 Independent Drive and in San Marco at 1562 Atlantic Blvd.