July 7, 2024
You are here:  Home  >  Banking & Finance  >  Current Article

Wells Fargo to open new Santa Barbara location


San Francisco-based Wells Fargo, one the largest employers in the Tri-Counties, is slated to open its fourth banking branch in Santa Barbara on Dec. 15.

The new location is at 101 N. Milpas St. and will serve retail, mortgage and business banking customers. Wells Fargo signed the lease for the 2,600-square-foot former Blockbuster location in July.

The branch is a full service location, offering checking and savings accounts, business products, auto loans, investment products, lines of credit and mortgages.

According to a release from the bank, the new location will also have a staff of special private bankers to work specifically with affluent customers in managing complex portfolios, consumer and business credit, insurance as well as investment and retirement and estate planning accounts.

Additionally, a business specialist will be on hand daily to work with business owners on services including, merchant payment, payroll, small business credit lines and loans, equipment financing and secured and unsecured commercial lending and SBA loans.

Wells Fargo is also touting the new locations sustainable construction, which was designed and built to Leardership in Energy and Environmental Design, or LEED, standards, featuring a light harvesting system that cuts energy use by automatically adjusting indoor lighting to maximize the use of available daylight.

In February the Private Bank at Wells Fargo moved into 10,000 square feet of shiny new digs at 118 Carrillo St. The offices, formerly home to Morgan Stanley Smith Barney, sat vacant for more than two years until Wells Fargo — which leases the space — moved in, gutted the outdated interior and launched a multimillion-dollar remodel.

Founded in 1852, Wells Fargo has more than 9,000 locations and has offices in 36 countries. With about 265,000 employees, the company was was ranked No. 29 on Fortune’s 2014 rankings of America’s largest corporations.