Are you looking for a new job? Fed up with the one you're in now? Well, if you're interesting in working the financial sector, consider this: Wells Fargo & Co, the San Francisco-based banking giant, plans to hire 1,000 workers at its retail banking centers by mid-May of this year.
The company said it will hire the additional workers to help staff its newly acquired locations in Virginia, Maryland and Washington D.C. The bank absorbed Wachovia during the depths of the financial crisis and is now working to rebrand those banking centers over the coming months; since its purchase of Wachovia at the end of 2008, Wells Fargo has hired almost 600 people for similar positions in the Mid-Atlantic.
The deal that brought the two banks together – an estimated $12.5 billion – resulted in Wells Fargo nearly doubling in size. Wells Fargo is now the nation's fourth-biggest bank by total assets and employs almost 280,000 people; it also holds the distinction as having the most retail branches of any bank in the U.S. – incredibly helpful when searching for an ATM.
JPMorgan Chase & Co, the second-largest bank by assets in the U.S., also plans to hire more workers in its retail banking sector. The banking giant announced last month that it plans to add between 1,000 and 2,000 new branches over the next three years, focusing on growth in California and Florida.