WFC · News · 20260921N

Loan and Deposit Growth

WELLS FARGO & COMPANY/MN · 2026-09-21 · Importance 35 · Surprise 48

Wells Fargo’s deposits in the Charlotte market declined 27% in 2026, the largest decrease among the area’s major banks. Total deposits across Charlotte’s five largest banks fell by nearly $45 billion during the period. Wells Fargo retained its existing ranking among the top five Charlotte banks despite the deposit outflow, while Charlotte remained the company’s largest employment hub.

Key facts

• Wells Fargo experienced a 27% drop in local deposits in Charlotte. source
• Total market deposits in Charlotte decreased by nearly $45 billion in 2026. source