GREENVILLE, N.C. (WNCT) — Well Fargo will be closing its financial services center located in Pitt County, resulting in more than 600 jobs leaving the area.
The center is located on Thomas Langston Road.
It is expected to happen over the next six to 12 months.
ECU College of Business professor Jim Keckley said it will cause employment in Pitt County to take a hit.
“You’re going to see the loss of income effect shopping, restaurants and other things,” said Keckley. “But it’s typically going to be where those people live.”
Cities in Arizona, Minnesota, Texas and Raleigh are a few places that may see more business if employees agree to relocated.
Mayor P.J. Connelly has released a statement criticizing the decision:
“We were surprised and disappointed to hear that Wells Fargo will be closing its financial services center located here in Greenville. The City takes pride in its ability to establish business relationships and partnerships with companies that appreciate and are committed to Eastern North Carolina. For this reason, we will be evaluating the City’s current banking relationship with Wells Fargo as it seems that such commitment has not been reciprocated in its decision to relocate over 600 jobs out of our region”
James Dunn with Wells Fargo Corporate Communication said the decision to close the center was not easy and said it is disappointing to hear the city of Greenville is reevaluating their banking relationship with the city.