The Wells Fargo location in Corrales is set to close Wednesday, Aug. 16, one of three New Mexico branches shutting down in the coming months.
Wells Fargo closed a Santa Fe branch in May, and will close its locations in Bosque Farms and Santa Teresa on Oct. 4, Wells Fargo spokesman Ruben Pulido told the Journal.
Notice of the other two October closures was given to the federal Office of the Comptroller of Currency in July.
Banks have to give at least 90 days’ notice before closing a branch location. The same July OCC bulletin included notices for 15 additional Wells Fargo closures in 13 states.
“… Customers use our wide range of digital capabilities for many of their banking needs and, as a result, more transactions are happening outside the branch,” Pulido said in an email. “As customer preferences and transaction patterns change, so will our branches and the experiences customers have in them.”
Pulido said the bank is consolidating the Corrales branch into the Rio Rancho location at 4110 Meadowlark SE — which is less than three miles away — because of their close proximity. He said one other location is in close proximity to the Corrales location, at 9390 Coors NW.
For customers in Bosque Farms, the next closest Wells Fargo is in Los Lunas, at 1027 Main St. SE. Santa Teresa Wells Fargo customers will have to drive a bit farther; the next-closest branch is located in Anthony, about 11 miles away.
Wells Fargo has more than 50 branches across the state, 23 of which are in Albuquerque.
Journal Staff Writer Matthew Narvaiz contributed to this report.