Wells Fargo announced in June that the national reorganization would eliminate 70 management jobs, leaving around 90 regional managers in what Wells Fargo calls its "community bank." The change "will help us become even more streamlined, effective, and consistent," Mary Mack, community banking chief for the San Francisco-based company, said in an internal memo at that time, American Banker reported. Like other banks, Wells Fargo has struggled to keep profits growing from the branches it acquired in a string of multibillion-dollar mergers, as more Americans do their banking online and on mobile devices. Former chief executive John Stumpf, who had long boasted of the company's prowess at squeezing more business from customers, was forced from office after the bank's widespread practice of opening new accounts without customers' permission to meet growth targets was exposed last year by the Los Angeles Times, law enforcement, and bank regulators.