Monday, October 29, 2012

BofA, Wells closing some offices as Sandy nears

Bank of America and Wells Fargo have each shut down some of their offices in the Northeast as the region prepares for Hurricane Sandy.

All New York City branches are closed Monday, as are Merrill Lynch Wealth Management offices in New York and Mid-Atlantic states.

The Charlotte bank's New York headquarters building, One Bryant Park, remains open. Two and Four World Financial Centers are closed. The investment bank is operating with a "skeleton staff," and many employees are working from home, spokesman John Yiannacopoulos said.

The bank is working with state and local officials and will work with customers affected by the storm "on a case-by-case basis," spokesman Mark Pipitone said.

"The safety and security of our employees, customers and clients are the main consideration as we closely monitor the situation, and that will help drive our decision-making," Pipitone said in a statement.

Wells Fargo has closed more than 200 branches in the Northeast, mostly in New York and Connecticut, spokeswoman Alexandra Ball said.

"We are monitoring the situation closely and have plans in place to ensure there is as little impact to our operations as possible," Ball said in an e-mail.