Wells Fargo to re-open six banking stores in the Portland/Salem metro areas
PORTLAND — August 19, 1999
Wells Fargo plans to re-open six traditional banking stores in the Portland and Salem metropolitan areas, starting with one in downtown Portland on Aug. 30.
Wells Fargo had closed the stores in 1998 as part of its efforts to reduce operating costs by consolidating locations.
"Our customers asked us to re-open these locations. We listened to what our customers were telling us," said George Passadore, president of Wells Fargo in Oregon. "We feel all of these stores are in locations with enough business to warrant our return there."
In the following three to four months, Wells Fargo plans to re-open traditional banking stores in Gresham, Keizer, Northwest Portland, McMinnville and Wilsonville (in almost all cases, the store will re-open in its original location). This will increase the number of Wells Fargo banking stores in Oregon to 127.
The first store to re-open will be in the Standard Insurance Center at 900 S.W. Fifth Ave. The banking store will offer a full range of services to consumer and business customers. It will operate 9 a.m. to 6 p.m. Monday through Friday. The phone number there will be (503) 225-2010.
The five-member staff will be led by manager John MacMillan. Wells Fargo has completely renovated the interior of the 2,000-sq.-ft. facility.
"We're excited about the new direction we're taking in Oregon," said Passadore. "As a result of our merger with Norwest Bank last November, we are now looking to expand our presence in Oregon."
Wells Fargo operates three other banking stores in downtown Portland (located at Fifth and Jefferson, Fifth and College, and Sixth and Morrison).
Founded in 1852, Wells Fargo & Company is a $205 billion diversified financial services company providing banking, insurance, investments, mortgage and consumer finance through almost 6,000 stores and other distribution channels across North America, including all 50 states, and elsewhere internationally.