Wells Fargo, the second-largest bank in the country, will no longer have a retail presence in those states. Mack said Wells Fargo (WFC) will "continue to have a presence in the area" through commercial lending, wealth management and mortgage lending. Related: Wells Fargo altered documents about business clientsIn February, the Federal Reserve hit Wells Fargo with unprecedented sanctions for "widespread consumer abuses." Related: Wells Fargo, Uber and Facebook: 3 corporate apology adsWells Fargo has been reeling from scandals for nearly two years. — Correction: The headline on a previous version of this story incorrectly said Wells Fargo was closing the branches.

Source: CNN June 05, 2018 17:30 UTC