Wells Fargo to Open on Milpas

The Blockbuster building on Milpas Street will be home to Wells Fargo’s fourth Santa Barbara city branch in 2015. The new branch not only adds a bank to the Eastside but promises to bring 6-10 new banker and teller positions. Interior and exterior renovations have already begun on the 2,600 square-foot commercial building.

Pamela Scott, broker to the commercial deal, said of the many parties interested in the location, “The leasing market is very good at this time for free-standing buildings located on a corner with onsite parking.” While a rumor buzzed that Starbucks would take the prime location — which would also have been a Milpas first — Wells Fargo sealed the deal: “They have been looking in the area since 2009, and this building was the ideal fit,” Scott said.

Wells Fargo plans to renovate the branch with Leadership in Energy and Environmental Design (LEED) certification in mind, a goal for 30 percent of the corporation’s real estate. Reconstruction will use sustainable siting and structure design; energy, water, and material efficiency; and reduce waste.

To submit a comment on this article, email or visit our Facebook page. To submit information to a reporter, email

event calendar sponsored by:

County Half-Jokes It Wants Cannabis ‘World Domination’

A government executive implores growers to get legal before time runs out.

Oversized Vehicle Parking Ban Extended

New rule affects Isla Vista, Vandenberg Village, and Butterfly Beach.

Alvarado Endorsed by Capps, Lurie for School Board

He's running against seven other people for two open seats.

Latinos Are Being Pushed Out of Santa Barbara in Droves

New census data shows their population has shrunk by 24 percent since 2011.

Police Suspend Public Sleeping Laws

The non-enforcement comes in response to a new court ruling.