Wells Fargo is retreating from the Midwest. The bank, scrambling to cut costs and dealing with a wave of scandals, announced plans Tuesday to sell all of its branches in Indiana, Michigan and Ohio.

Global banking giant Wells Fargo & Co., which has a minimal presence in central Ohio, is setting up a technology hub in the region that will create 585 jobs paying an average wage of $60.10 per hour.

Wells Fargo is retreating from the Midwest. The bank, scrambling to cut costs and dealing with a wave of scandals, announced plans Tuesday to sell all of its branches in Indiana, Michigan and Ohio.