Neighbors react to chaos at Barefoot LakeThe story of Ollie’s Pub and what kept it open through years of hardships
BAREFOOT LAKE Neighbors react to chaos at Barefoot Lake Imagine being scared to leave your home on the weekends. Ana and Anrik understand the feeling all too well.
CAPE CORAL The story of Ollie’s Pub and what kept it open through years of hardships Before Ollie’s housed weekly events, packed to the brim with artwork and home to many, it was a simple dream and an empty space.
Most Wanted Wednesday: Southwest Florida’s most wanted suspects for May 1, 2024 Here are some of Southwest Florida’s most wanted suspects for May 1, 2024.
FORT MYERS BEACH Remembering Fort Myers Beach ‘Mayor’ Brad Benson To know Brad Benson was to know a legend. He recently passed away at the age of 71 after battling health issues.
CAPE CORAL Proposed Cape Coral City Council meeting time change fails In a 4 to 4 vote, the motion to move Cape Coral meeting times from 4:30 to 9 a.m. failed.
Greater Dunbar initiative begins A duplex that has been around since the 1960s and is filled with generations of memories is being demolished.
Caught on camera: funnel clouds, hail and more during thunderstorm Wednesday’s thunderstorms storms have produced hail and funnel clouds.
SOUTHWEST FLORIDA New mammography guidelines Breast cancer is much easier to treat when it’s caught early.
CAPE CORAL Cape Coral church picking up the pieces after massive fire Calvary Connection ministries is unrecognizable after a massive fire swept through a Cape Coral Complex on Monday.
CAPE CORAL Day Two of FEMA code compliance hearings in Cape Coral Another 50 people were summoned Wednesday for the second day of code compliance hearings before the special magistrate.
PUNTA GORDA Cracking down on vapes in Charlotte County schools Vaping is taking over, and that’s why three Charlotte County High schools are testing out vape sensors.
State lawmakers want to hear your opinion on voting in Lee County Right now, everyone votes for or against all five of the Lee Commissioners, but they’re talking about changing the system so that each commissioner represents a specific part of the county.
FORT MYERS Migrants entering Florida under controversial parole program The House Committee on Homeland Security has released documents, which show a surge in migrants entering the United States through a parole program, sparking debate over immigration policies and border security.
North Collier firefighter beats cancer, educates others on safety He’s a father, son, friend and mentor, but for the last four years, he’s been in a battle for his life.
CAPE CORAL Man arrested in connection to brother’s death in Cape Coral A man wanted for questioning in the death of his brother at his Cape Coral home has been arrested in Pennsylvania.
BAREFOOT LAKE Neighbors react to chaos at Barefoot Lake Imagine being scared to leave your home on the weekends. Ana and Anrik understand the feeling all too well.
CAPE CORAL The story of Ollie’s Pub and what kept it open through years of hardships Before Ollie’s housed weekly events, packed to the brim with artwork and home to many, it was a simple dream and an empty space.
Most Wanted Wednesday: Southwest Florida’s most wanted suspects for May 1, 2024 Here are some of Southwest Florida’s most wanted suspects for May 1, 2024.
FORT MYERS BEACH Remembering Fort Myers Beach ‘Mayor’ Brad Benson To know Brad Benson was to know a legend. He recently passed away at the age of 71 after battling health issues.
CAPE CORAL Proposed Cape Coral City Council meeting time change fails In a 4 to 4 vote, the motion to move Cape Coral meeting times from 4:30 to 9 a.m. failed.
Greater Dunbar initiative begins A duplex that has been around since the 1960s and is filled with generations of memories is being demolished.
Caught on camera: funnel clouds, hail and more during thunderstorm Wednesday’s thunderstorms storms have produced hail and funnel clouds.
SOUTHWEST FLORIDA New mammography guidelines Breast cancer is much easier to treat when it’s caught early.
CAPE CORAL Cape Coral church picking up the pieces after massive fire Calvary Connection ministries is unrecognizable after a massive fire swept through a Cape Coral Complex on Monday.
CAPE CORAL Day Two of FEMA code compliance hearings in Cape Coral Another 50 people were summoned Wednesday for the second day of code compliance hearings before the special magistrate.
PUNTA GORDA Cracking down on vapes in Charlotte County schools Vaping is taking over, and that’s why three Charlotte County High schools are testing out vape sensors.
State lawmakers want to hear your opinion on voting in Lee County Right now, everyone votes for or against all five of the Lee Commissioners, but they’re talking about changing the system so that each commissioner represents a specific part of the county.
FORT MYERS Migrants entering Florida under controversial parole program The House Committee on Homeland Security has released documents, which show a surge in migrants entering the United States through a parole program, sparking debate over immigration policies and border security.
North Collier firefighter beats cancer, educates others on safety He’s a father, son, friend and mentor, but for the last four years, he’s been in a battle for his life.
CAPE CORAL Man arrested in connection to brother’s death in Cape Coral A man wanted for questioning in the death of his brother at his Cape Coral home has been arrested in Pennsylvania.
PHOTO CREDIT: MGN (CNN) — Wells Fargo announced plans on Friday to shut down more than 400 bank branches by the end of 2018. That’s on top of the 84 locations it pulled the plug on in 2016. The acceleration of branch closures at Wells Fargo is a reflection of Americans’ preference for online and mobile banking these days. Unlike Wells Fargo, its chief rivals Bank of America (BAC) and JPMorgan Chase (JPM) have been a lot more aggressive in shutting branches in recent years. Wells Fargo (WFC) said the new branch closures haven’t been fueled by the bank’s fake account scandal. However, Wall Street analysts do see a link. Not only does Wells Fargo face rising legal and compliance costs to clean up the mess, but its branches aren’t likely to be the profit engines they once were. Wells Fargo has eliminated the unrealistic sales goals that led to the bad behavior and its account openings have declined dramatically in recent months. UBS analyst Saul Martinez wrote in a report published Friday that he had long expected the “scandal was likely to be a catalyst for a more aggressive focus on expenses.” No matter the cause, Wells Fargo isn’t signaling widespread layoffs of bankers, tellers and other branch employees. The bank said that many of the 200 closures it anticipates this year will be in close proximity to other locations it owns and many of the employees can be transferred to nearby branches. In 2018, Wells Fargo plans to shut down “slightly” more than 200 branches. It’s part of a broader Wells Fargo plan to save about $2 billion a year by the end of next year. Tim Sloan, who took over after long-time CEO John Stumpf abruptly stepped down last year, said the moves are in response to shifting consumer behavior. “They still want to come into our branches,” Sloan said, “but they’re also accessing us online, on mobile, through ATMs and over the phone.” In many ways, Wells Fargo has only just begun to catch up with the trend of big banks closing branches. Even after accounting for this year’s closures, Wells Fargo still has more than 6,000 branches across 39 states. To put that into context, Wells Fargo has about 1,000 branches more than any other bank in America, according to research by CSLA. Since 2012, Wells Fargo’s branch count has declined by just 2%. By comparison, CSLA recently estimated that Chase’s branch network has shrunk by 9% and Bank of America’s by 15%. That’s why some on Wall Street are pushing Wells Fargo to close even more branches. Mike Mayo, a bank analyst at CSLA, told CNNMoney last fall that he believes Wells Fargo will need to ultimately close 1,000 branches. Mayo even argued that Wells Fargo’s massive branch network may have helped fuel the scandal. He said the need to justify the costly branches “could have contributed to pressure on staff to sell more.” Sloan explained on Friday that the pace of branch closures may fluctuate based on how customers respond. “We may increase, or we may decrease, who knows,” he said. There’s reason to believe Wells Fargo has room for deeper cuts. A UBS analysis found that more than 40% of Wells Fargo branches lie within a five-minute drive of another Wells Fargo branch. UBS said that’s among the highest “cannibalization” ratios of any of the big banks, even though Wells Fargo doesn’t have as big of an urban presence as other lenders. UBS’s Martinez said homeownership and income metrics also suggest Wells Fargo’s “footprint does not have especially attractive demographics that would justify a more concentrated branch network.”