WFC · News · 20260807N

Branch Footprint Reduction

WELLS FARGO & COMPANY/MN · 2026-08-07 · Importance 28 · Surprise 42

Wells Fargo is reducing its branch presence in North Carolina’s Triad region by closing a Winston-Salem branch on Reynolda Road. The closure contrasts with Fifth Third Bank’s opening of a nearby location and broader efforts by other major banks to expand locally, indicating competitive pressure on physical distribution. Separately, Wells Fargo relocated and reopened a branch at Valley Ranch Town Center in New Caney, Texas, continuing to provide personal and commercial banking services from the new site.

Key facts

• A Wells Fargo bank reopened at a new location in Valley Ranch Town Center, New Caney, at 21728 Hwy. 59 after previously closing its original branch on Community Drive. source
• Construction on the new Valley Ranch Town Center site began in October and the branch was initially expected to open in May. source