Wachovia, the big lender subsumed by Wells Fargo on New Year's Eve 2008, is looking to bring on 500 in support functions and positions in some of its 188 Philly-area bank branches.
At the same time, nearly 300 Wells Fargo staffers will be on the hunt for jobs near Philadelphia. The banking giant is cutting redundant home-equity operations in Philadelphia and Reading, Penn.
The Reading office, which employs 93 home-equity loan underwriters, will close this Friday. The downtown Philadelphia collections office will lay off 181 before it shuts its doors at the end of the year. Thirty employees have found jobs within Wachovia, and the company hopes to match others as well.