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Wells Fargo Opening Branch at Figueroa and Olympic

By Eric Richardson
Published: Friday, October 16, 2009, at 01:55PM
Wells Fargo Coming Soon Eric Richardson [Flickr]

Banners announcing a Wells Fargo at Figueroa and Olympic went up this week.

A little over a year after Wachovia announced it would be opening in a high-profile retail space adjacent to L.A. Live, a bank branch is indeed still coming soon. Wells Fargo, which bought Wachovia last October, put up banners for its future location this week.

When Wachovia announced in August of 2008 that it was opening its first Downtown branch in the high-profile corner retail space at 717 Olympic, many questioned why a glitzy space on a nightlife corner would go to such a 9-5 institution.

Shouldn't that spot go to something that might stay open late instead?

While that question remains valid, Wells Fargo apparently thought the lease was a Wachovia asset worth hanging onto.

The location makes sense for the bank, which despite a long presence Downtown only has five branches. None are in the South Park area.

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