Wells Fargo Bank

WELLS FARGO BANK: Wells Fargo Bank has cut 88 people from its staff in Auburn, the remaining employees from the headquarters and operations staff of the former Placer Sierra Bancshares. The closed units included processing and back-office functions that duplicated Wells Fargo operations. Wells bought Placer Sierra last year in a $645 million stock swap. The deal closed in June, and Wells shut 15 of Placer Sierra's 50 branches, four of them in Greater Sacramento. In each case, the branches were near existing Wells Fargo branches; no Wells offices were shut. 12/3