America's giant bank Wells Fargo & Co. on Tuesday announced its plans of folding up as many as 122 of its California based branches as a result of its acquisition of Wachovia Corp which happened last year.

The closures are expected to all occur in April and will involved shutting down of 101 Wachovia units and 21 Wells Fargo offices, as has been confirmed by Jennifer Langan, the bank's spokeswoman. All employes who would be affected as a result of the closures will be offered with an option to work at other branches that Wells Fargo currently operates.

Most of the branches that will particularly be affected are Wachovia's, as it is a smaller and less prominent financial institution as compared to Wells Fargo. In California, both the banks had a significant overlap, and even after closures, Well Fargo will have over 1,000 branches scattered all over the state.

Employees were informed of the decision to shut down the branches on Tuesday, and customers will soon be notified via mail.