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Protestors Target Wells Fargo In Downtown San Francisco

SAN FRANCISCO (KCBS / AP) -- Police say eight people were cited and released after a protest at the corporate headquarters of Wells Fargo on Tuesday.

San Francisco police Sgt. Mike Andraychak said the people cited, five men and three women, had blocked an entrance to the building and refused to leave.

KCBS' Anna Duckworth Reports:

Earlier, several hundred people marched from San Francisco's Justin Herman Plaza to the Wells Fargo annual shareholder's meeting in the Financial District, where they presented shareholders with a list of demands regarding the handling of foreclosures.

Shirley Burnell with Californians for Community Empowerment said Wells Fargo continues to kick families out of their homes by refusing to provide permanent loan modifications.

bank protest
Hundreds of protestors gathered outside as the Wells Fargo Bank annual shareholders' meeting was just getting underway in San Francisco's Financial District. (KCBS)

"We want them to pay their fair share for the crisis that they've caused," she said. "They got bail outs to help people stay in their homes, and they have not bailed out anybody."

Labor and community groups want banks to bring in third parties to audit their mortgage practices, but Wells Fargo spokeswoman Diana Rodriguez said the bank has been rigorously self assessing and working with federal regulators.

"We feel an additional independent review would not constitute an effective use of our company's resources."

Similar actions are planned around the country.

(© 2011 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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