This bank's San Francisco headquarters to be sold, according to WSJ

SAN FRANCISCO (KRON) -- Longstanding San Francisco fiscal instauration Wells Fargo Bank volition merchantability its office connected the city's Montgomery Street, according to a study Tuesday successful the Wall Street Journal. The merchantability of the fiscal territory bureau is portion of the bank's broader displacement of powerfulness to the East Coast, according to the WSJ.

The slope has already begun informal conversations with imaginable buyers, the study states. The bureau could beryllium enactment connected the marketplace arsenic soon arsenic this month, the study said, citing parties acquainted with the matter.

Wells Fargo has operated successful San Francisco since 1852.

Wells Fargo has been contacted for comment.