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Wells Fargo employees at a New Mexico branch voted 5-3 to form a union, a victory that labor organizers hope to replicate elsewhere as they seek to unionize one of the country’s biggest banks.
The union at an Albuquerque branch represents a tiny part of Wells Fargo’s vast branch footprint. Unionization efforts at the bank also took a small step back as a planned vote in its Bethel, Alaska branch on Thursday was scrapped when workers withdrew their petition.
Polo Rocha is a Mexico-based freelance reporter who worked at American Banker from 2021 to early 2025, covering consumer finance and national banking trends. He previously covered the Federal Reserve … Read full bio
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