Wells Fargo closing two Las Vegas branches

Friday, Oct. 13, 2000 | 10:31 a.m.

Wells Fargo Bank will consolidate branch offices in December and January in the wake of its $3.2 billion acquisition of First Security Bank.

The bank announced Thursday that it will consolidate or close four branches -- two in the Las Vegas area -- resulting in the expansion of the offices they replace.

Laura Schulte, chief executive officer of Wells Fargo Nevada, said the consolidations would involve offices that are within a mile of each other and some within blocks. Schulte said in a statement that no job losses would result from the consolidation.

In the Southern Nevada locations, Wells Fargo offices are being closed and accounts consolidated into current First Security locations, which will pick up the Wells Fargo name.

In December, a branch at 2231 N. Green Valley Parkway will be consolidated to an office at 900 N. Green Valley Parkway. The branch at 3755 W. Spring Mountain Road will close in January and accounts will be moved to an office at 4425 W. Spring Mountain Road.

The Green Valley move is considered a consolidation and the Spring Mountain Road offices a closure and relocation under banking regulations. Those requirements, based on the proximity of the offices, also set minimum notification periods to customers.

Consolidation also is occurring at branches in Reno and Incline Village. No other closures are planned, a spokeswoman said.

The Fed approved the acquisition earlier this week.