Skip to main content

NEW YORK (

TheStreet

) -- Occupy Oakland voted overwhelmingly to stash $20,000 with

Wells Fargo

(WFC) - Get Wells Fargo & Company Report

, according to minutes from the group's Nov. 9 general assembly meeting posted online.

The decision, which passed by a vote of 162-8 was made because "it takes time to transfer funds to a credit union. We need to help people in jail now," the minutes state, adding that they will then work quickly to move the money to a credit union. Efforts to reach Occupy Oakland representatives weren't immediately successful.

TheStreet Recommends

Protesters run by a defaced sign at a Wells Fargo Bank during Occupy Oakland's general strike on Nov. 2, 2011, in Oakland, Calif.

The decision comes just days after Occupy Oakland protesters vandalized a Wells Fargo branch. It was reported earlier by

The Oakland Tribune

.

--

Written by Dan Freed in New York

.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.