Wells Fargo: Downtown Jacksonville downsizing is part of a ‘multiyear initiative’ for efficiency

“We regularly assess our real estate portfolio ... responding to consumer and economic trends.”


Wells Fargo has had its name on the Northbank tower at 1 Independent Drive in Jacksonville since 2011.
Wells Fargo has had its name on the Northbank tower at 1 Independent Drive in Jacksonville since 2011.
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A Wells Fargo spokesperson responded April 30 to questions about its Downtown Jacksonville downsizing with a statement.

“As part of our multiyear initiative to build a stronger, more efficient Wells Fargo, we regularly assess our real estate portfolio in an effort to ensure that we are best meeting the needs of our employees and customers, responding to consumer and economic trends, and responsibly managing costs.”

The San Francisco-based bank did not say which operations or how many employees would be affected, or how much space it will vacate in the 37-story Wells Fargo Center.


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