Wells Fargo is planning to move out of its longtime San Francisco Financial District global headquarters, according to the banking giant.
The expected move will be a part of the company’s "multiyear effort to build a stronger, more efficient Wells Fargo ," company spokesperson Edith Robles said in an emailed statement to KTVU, adding that it has no plans to leave San Francisco ."We continually assess our real estate portfolio to ensure we are best meeting the needs of employees and customers, responding to consumer and economic trends, and managing our costs responsibly," the company said.
SEE ALSO: Many consumers stay with their banks for years unless persuaded by other bank incentivesIt's unclear when the move will be. Robles said she did not have any information on those details at this time. But the Wall Street Journal, which first reported the impending sale, said that the Montgomery Street building could be put on the market as soon as this month.
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