Wells Fargo to move most employees from Des Moines

• The departure is a blow to DSM, which Mayor Frank Cownie described in a statement as "disappointing and frustrating."

Driving the news: The company is exiting the buildings at 800 Walnut St. and 206 8th St. in downtown DSM later this year, company spokesperson Mike Slusark tells Axios.

• A building at 7001 Westown Parkway in WDSM will also be emptied.
• Decisions about the vacated buildings are being reviewed, Slusark said.

State of play: The company will retain some employee occupancy in the 801 Walnut St. building in downtown DSM.

• It has not announced the total number of employees that will be affected by the moves, and Friday's announcement did not include job cuts.

Yes, but: The company slashed more than 400 positions in the DSM metro in at least 10 rounds of cuts last year.

• And it announced earlier this month that it's cutting back on its mortgage-lending business.