Oct. 05--Wells Fargo & Co. had a net loss of 70 branches during fiscal 2012-13, according to a report by SNL Financial based on an annual summary of deposits from the Federal Deposit Insurance Corp.
The branch report is as of June 30.
Wells Fargo had 6,316 branches, according to FDIC data. However, its deposits rose 12.3 percent to $891.4 billion.
Of the nation's Top 15 banks, Bank of America Corp. had the largest decline in branches -- down 196 to 5,660. It had a 5.9 percent gain in deposits to $1.13 trillion.
BB&T Corp., ranked ninth in deposits at $132.5 billion, had a loss of four branches to 1,851.
PNC Financial Services Group Inc., ranked seventh at $203.4 billion in deposits, had a net gain of 426 branches to 3,044. Most of the branches were gained from its 2012 acquisition of RBC Bank.
SunTrust Banks Inc. was 10th in deposits at $130.4 billion and had a decline of 18 branches to 1,688.