WINSTON-SALEM, N.C. - Wachovia Corp. plans to lay off 245 employees in the next 12 months as it closes its check processing center in Raleigh, N.C.

A spokesman confirmed that the Winston-Salem banking company will shut down the Raleigh facility and shift its work to more advanced operations centers in Charlotte, N.C., Atlanta, and Columbia, S.C.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.