CATHEDDRAL CITY – Stater Brothers in the Cathedral Village Shopping Center, 69255 Ramon Road, is a popular place for both grocery shopping – and banking. The Wells Fargo branch inside makes the grocery store a convenient, one-stop destination.
The popularity of doing your grocery shopping and banking all in the same location can, at times, cause a human traffic jam as the line of banking customers snakes toward the doorway making it challenging to get into or out of the store.
It’s no one’s fault.
It’s just of the prices that come with success in this community, the second-largest in the Coachella Valley.
To alleviate the human congestion in the store and banking area, Wells Fargo will be moving out and into a new location.
The Cathedral City Wells Fargo branch office is planning on moving into the former mattress store located on the north east corner of Ramon Road and Date Palm Drive, Stone James Economic Development Director for Cathedral City confirmed for Uken Report.
“Based on my last discussion with Wells Fargo, tenant improvements will begin as early as June with a target opening of third or fourth quarter 2019,” James said.
In 2018, Councilmembers made securing a brick and mortar location for Wells Fargo a staff goal, James said.
“Council believed Wells (Fargo) had significantly outgrown their Stater Brothers location and were not providing Cathedral City residents the level of service they should be receiving,” James said. “Additionally, Council believed a more suitable brick and mortar location would increase the likelihood of residents who currently do not use any bank to begin using a bank.”
As you know, Stone added, “Using the services of a bank enables community members to gain better control of the finances. By planning and protecting one’s earnings, individuals become more financially stable, and are able to begin build individual wealth.”
Wells Fargo & Company is an American multinational financial services company headquartered in San Francisco, with central offices throughout the United States. It is the world’s fourth-largest bank by market capitalization and the third largest bank in the United States by total assets.
- Wells Fargo: PYMNTS.com