Wells Fargo Is Selling Its Michigan Branches
If you normally stop by a Wells Fargo branch to get some cash when you're traveling Up North, you might soon be out of luck. According to Bloomberg, Wells Fargo is selling its retail bank locations in Michigan, Indiana and Ohio. Wells Fargo will be selling 52 retail to a Flagstar Bancorp subsidiary.
According to the Wells Fargo branch locator, there are 15 Wells Fargo banks in Michigan including locations in Houghton, Marquette and Iron Mountain. Wells Fargo also has 21 ATMs throughout the state of Michigan. Financial terms were not disclosed, however, almost 500 employees will be get job offers from Flagstar.
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