Skip to content

A town square for an unsquare town

redbankgreen

Standing for the vitality of Red Bank, its community, and the fun we have together.

RED BANK: BANK WITHDRAWING FROM TOWN

The entire building at the corner of Broad Street and East Bergen Place is for lease, according to broker CBRE. (Photo by John T. Ward. Click to enlarge.)

By JOHN T. WARD

Wells Fargo is shutting down its business in Red Bank, vacating one of the town’s most visible commercial properties.

The company will close its consumer banking operations at 303 Broad Street at the end of August, according to a notice sent to customers.

The bank’s drive-thru ATM Tuesday morning. (Photo by John T. Ward. Click to enlarge.)

The branch and ATM at the corner of East Bergen Place “will permanently close August 28,” the May 17 notice said. No explanation was given.

A company spokesman did not immediately respond to a redbankgreen request for additional information.

In December, 2022, Wells Fargo announced that it would consolidate its operations into a portion of the 26,000-square-foot building while retaining the drive-thru service lanes and drive-thru ATM.

According to the website of commercial real broker CBRE, the “full building” is now available for lease through senior vice president Suzanne Macnow.

The building, which sits on a 3.5-acre property, is owned by Grace Acquisitions NJ LLC, in Lakewood and is assessed at $3.89 million.

The Colonial Revival-style structure was erected as a banking operation in 1965 and has been home to a succession of industry players since then. Wells Fargo has leased the property since 2004.

Wells Fargo obtained borough planning board approval in March, 2021, for a new plan to light the sprawling site, which wraps around three houses on East Bergen Place. The changes were needed in order to meet state regulations for security lighting, a manager testified.

At the time, there was buzz about the possibility that the property might someday become a new home to the municipal government, replacing 90 Monmouth Street as borough hall. As reported by redbankgreen, the Redevelopment Agency had authorized an architect to “do a concept design” to see if the site could accommodate¬† borough offices, the police department and municipal court.

But the idea, like everything else the agency was working on, was mothballed when the borough council dissolved the agency in 2022.

Wells Fargo has another branch one mile away, on Prospect Avenue in Little Silver.

Do you value the news coverage provided by redbankgreen? Please become a financial supporter if you haven’t already. Click here to set your own level of monthly or annual contribution.

Remember: Nothing makes a Red Bank friend happier than to hear "I saw you on Red Bank Green!"
Partyline
SMALLS FOR MAYOR?
We at redbankgreen remain neutral in political affairs and never make endorsements. But we have to say Borough Clerk Laura Reinertsen’ ...
CRASH ON LEIGHTON
The driver of this car was headed north on Leighton Avenue when they it hit an SUV pulling a work trailer headed in south in the opposing la ...
CAR VS STREET SIGN
The driver of this Mercedes hopped the curb and toppled the street sign at the corner of South Pearl and Drs. James Parker Boulevard Wednesd ...
SKETCHES OF RED BANK BY LOCAL ARTIST MICHAEL WHITE
Sketches of Red Bank scenes have been floating around on social media and we thought they deserved some spotlight. First appearing in our fe ...
POLE DOWN
Utility pole falls on English Plaza shop Forge after being struck by SUV shortly before noon. No injuries reported, though 86-year-old drive ...
YO, ADRIAN!
It’s a tough turn for our hero as Rocky Balboa is relegated to the curb for trash pickup on Locust Avenue. We’ll have to go back ...
“EL PALOMO” IS IN THE HOUSE
Jesus Rios, a mariachi singer who performs under the stage name “El Palomo” (The dove) pauses for a moment before entering a bac ...
CROC SPOTTED IN RIVER
Frighteningly hideous and green, a solitary Croc lurked ominously amid the flotsam and foam in the Navesink River alongside the Red Bank Fir ...
KISS ICON REFLECTS ON BROADWALK
A Swarovski crystal-bedazzled self-portrait painting of Paul Stanley, longtime singer and guitarist for the rock band Kiss peers out from a ...
CHISELIN’ AWAY
Marcelo Garcia Lopez works with hammer and chisel on a new feature for his flower garden on Shrewsbury Avenue: a hollow in a carved log in w ...
STORM CLEANUP CONTINUES
  Saturday’s storm sent a tree toppling on this house on Bank Street, damaging the roof. Workers Wednesday could be seen removing ...
SNAPPING IN THE BREEZE
RED BANK: Blustery winds had the flags in Riverside Gardens Park snapping Monday evening.
POWER LINE DOWN
Red Bank firefighters were on scene at Manor Drive dealing with a live power line Monday afternoon. There was no immediate report of fire. T ...
TAR BEACH SOLSTICE
Aldo Quiroz of Ocean Township came ready with his beach chair and found a shady spot to spend his lunch hour in a parking lot off Broad Stre ...
GOING GREY
Workers painting the stone facade of the PNC Bank at the corner of Broad and Harding Thursday morning. An upgrade? Maybe it’s just pri ...
COFFEE & WILDLIFE
RED BANK: The best wildlife show in town can be taken in from a waterfront bench outside the public library, and it's totally free.
FAWNING OVER HER BABY
A mother deer and her fawn were spotted between a row of garages on Hudson Avenue and some trees alongside the Broad Street parking lots. Re ...
EVENING ESCAPE
RED BANK: Sailors in Monmouth Boat Club's weekly racing series found tranquil conditions on the Navesink River Tuesday evening.
PEAK COLOR ON BROAD
RED BANK: A year after they were installed, downtown mini gardens have added to "transformational" improvements, says business owner.
RED BANK: FAIRIES MOVE IN ON WHITE STREET
Red Bank: Girl scouts turns tiny parking lot plot of dirt into a "magical girls sparkle garden."