IndianaNews

Wells Fargo selling bank branches in Indiana, Michigan

The logo for Wells Fargo appears above a trading post on the floor of the New York Stock Exchange, Thursday, May 17, 2018. Wells Fargo fell 1.3 percent to $54.33 after the Wall Street Journal reported that some employees in its business banking division improperly altered information on documents related to corporate customers.. (AP Photo/Richard Drew)

A national bank with a noticeable presence in Michiana is selling its Indiana and Michigan locations.

Wells Fargo is exiting retail banking operations in these states as the beleaguered company follows through on previous plans to reduce the number of locations it has open.

The San Francisco bank said Tuesday that it will sell 52 retail bank branches in Indiana, Michigan, Wisconsin and Ohio to a Flagstar Bancorp subsidiary, as well as several branches in Wisconsin. Wells Fargo & Co. has said it will reduce to approximately 5,000 the branches it operates by the end of 2020.

33 of the 52 locations Flagstar is buying are in Indiana, with 26 of them in Fort Wayne.

Wells Fargo has multiple branches in Michiana.

The Associated Press contributed to this story

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