5 WELLS FARGO BRANCHES TO GET DRUGSTORES.Byline: Deborah Adamson Daily News Staff Writer Shoppers are used to seeing bank branches inside supermarkets. But will they be ready for drugstores inside banks? Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. & Co. in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden and Thrifty Payless Thrifty PayLess Holdings, Inc. was a pharmacy holding company that owned the Thrifty Drugs and PayLess Drug Store chains in the western United States. The combined company was formed when Los Angeles-based TCH Corporation, the parent company of Inc. in Wilsonville, Ore., are banking on it. On Tuesday, the two companies announced a deal that will place Thrifty Payless stores inside five Wells Fargo locations in a California pilot program. While the locations were not disclosed because real estate agreements have not been finalized, most of the drugstore bank branches will be in the Southland. ``It enables us to expand in areas where it's difficult to locate sites today,'' said Jim Gaube, senior vice president of real estate at Thrifty thrifty said of livestock that put on body weight or produce in other ways with a minimum of feed. The opposite of illthrift. . If all goes well, the bank hopes to add Thrifty Payless to 30 to 50 more branches in 12 Western states. The bank hopes to save money by leasing part of the space inside its branches while Thrifty hopes to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the bank's customer traffic. Existing branches will be renovated this fall and open in early 1997. After the renovation, banking operations will be reduced to 2,000 to 3,000 square feet. Thrifty will lease between 3,000 to 7,000 square feet of space. Since a typical Thrifty is about 17,500 square feet, the bank locations will carry a smaller range of ``core'' offerings such as greeting cards See e-card. , over-the-counter drugs and the photo department. The bank's average branch size is 7,000 square feet, ranging from 2,000 square feet to 20,000 square feet. Both companies still are working on a new name for the drug store-banking branches. But it will include both Wells Fargo and Thrifty Payless names. |
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