Wells Fargo to close office, will lay off 114

A Wells Fargo Home Mortgage office in Bellevue has closed, relieving 114 employees of their jobs, a company spokeswoman said Wednesday.

A Wells Fargo Home Mortgage office in Bellevue has announced that it will close, relieving 114 employees of their jobs, a spokeswoman said June 22.

The unit, located at 600 108th Ave N.E., focused on loan modifications nationwide, said Wells Fargo spokeswoman Lara Underhill. The office’s closure will not have an effect on loan modifications in Washington state, she said.

The employees will receive full benefits and pay through Aug 22, at which time some employees will be eligible for a salary continuation program depending upon their years of experience with the company.

They have also been encouraged to apply for other positions internally, she said, although some positions may cause them to relocate to other regions of the country.

The company’s decision stemmed from building’s lease coming up for renewal.

The office will remain open for business and anticipates that it will close by July 31.

More in News

Suspect wanted after multiple robberies

Public’s help sought in identifying a man caught on security footage.

Fire along Twisp River Road in the Okanogan Wenatchee National Forest in 2018. Courtesy photo
Wildfire response: State unveils funding legislation proposal

Last year, Department of Natural Resources responded to record number of wildfires.

A new report, complete with recommendations to the Legislature, has been released by a statewide task force that was formed to address a lack of child care in Washington. File photo
Report outlines lack of child care in Washington

In King County, supply doesn’t meet demand for child care.

Demonstrators from La Resistencia protest Amazon’s involvement with ICE. Photo courtesy of La Resistencia
How will the U.S. respond to climate refugees?

Business as usual has been harder borders, are there other ways to address climate migration?

FBI: Eight hate crimes reported in Bellevue in 2018

State hate crime trend has minor decline; crimes toward LGBTQ rise.

1,000 donated giant sequoias will call Bellevue their new home

The effort will help the city fulfill its goal of achieving a 40 percent tree canopy

Turkeys Nonni, Noelle, November and Nora at Rooster Haus Rescue in Fall City. Natalie DeFord/staff photo
Turkey’s not on the menu with this group

The bird singled out for Thanksgiving.

Most Read