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FARMINGTON Downtown Farmington will lose one of its more prominent businesses later this spring as Wells Fargo officials have announced they plan on closing their branch on East Broadway Avenue.
Franchesca Pancham, a communications adviser for Wells Fargo New Mexico, said the company’s main Farmington branch at 100 E. Broadway Ave. will close at noon on Wednesday, June 2. She described the move as a consolidation in an email to The Daily Times.
“This is not an easy decision or one that we take lightly,” she wrote. “We continually evaluate our branch network, and make adjustments based on changing customer needs, market factors and economic trends. This process leads to both expansions and consolidations. While the branch continues to be important in serving our customers’ needs, we’re finding that customers increasingly use digital tools for transactions such as bank deposits. A
Willard was 78.
“Larry was committed to making New Mexico a better place to live as much as anybody I ever knew, and was one of the most positively impactful leaders New Mexico has had in recent memory,” said friend Steve Moise, the state’s investment officer. “He worked to improve our educational system and our business climate and wanted every child to have the opportunity to receive a quality education, get a good job and move up the economic ladder.”
As part of that goal, Willard endowed a number of libraries, including the Willard Reading Room at the University of New Mexico Zimmerman Library, and the Gerald and Betty Ford Library at the Bosque School.