Wells Fargo’s Fort Gordon branch on 36th Street will close this summer.
The branch will close on Aug. 30. A spokesman for the San Francisco, Calif.-based bank noted that there are three branches nearby, including ones on Tobacco Road, Wrightsboron Road and Belair Road.
“This is not an easy decision or one we take lightly,” said spokesman Jacob Jordan. “Branches continue to play an important role in the way we serve our customers, and we continuously evaluate our branch network in light of changing customer needs, the increase in the use of digital banking and market factors.”
When asked about the employees at the branch, Jordan said the bank would attempt to place them in positions in other branches.
Banks continue to invest in brick-and-mortar locations despite the rise in digital banking because many customers still prefer to talk with an employee face-to-face. Wells Fargo has about 4,700 locations in the U.S.
However, the rate of bank branch closures has increased, particularly after the pandemic. Between 2017 and 2021, nine percent of all bank branches, or about 7,500 locations, closed in the U.S., according to the National Community Reinvestment Coalition.
