OAKLAND -- Some long-time customers of Wells Fargo Bank took drastic action Wednesday to show their anger over the bank's foreclosure policies, pulling hundreds of thousands of dollars out of their accounts.
For a bank with billions in assets, a few hundred thousand dollars may not seem significant. But community leaders say this is just the beginning.
Wells Fargo security and Oakland police were on hand as members of Oakland community organizations entered a Wells Fargo branch on Franklin Street. Two at a time, they went in to close their accounts.
Father Jesus Nieto-Ruiz of St. Anthony's Church told KTVU he withdrew all $125,000 of his parish's funds.
"They said we're doing a good job but the reality goes if they are doing a good job how come we continue to have all these people losing their homes," said Father Nieto-Ruiz.
Wells Fargo and other banks got federal bailouts, but community leaders say the banks aren't doing enough to work with homeowners whose mortgages are underwater.
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