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First Union Corporation was a bank holding company that provided commercial and retail banking services in eleven states in the eastern U.S.First Union also provided various other financial services, including mortgage banking, credit card, investment banking (First Union Securities), investment advisory, home equity lending, asset-based lending, leasing, insurance, international and ...
Commerce Union Bank Sovran Financial Corp. Bank of America: 1987 NBD Bancorp: State National Corporation: NBD Bancorp: $103 million JPMorgan Chase: 1987 U.S. Bancorp: Peoples National Bank of Washington U.S. Bancorp: U.S. Bancorp: 1987 First Union Corp. Atlantic National Bank of Florida First Union Wells Fargo: 1988 Bank of New York: Irving ...
First Union later bought Wachovia National Bank in 2001 and the combined company took the Wachovia brand name. Wachovia Bank , suffering losses during the financial crisis of 2007–2008 , was acquired by Wells Fargo , headquartered in San Francisco, California .
First Union bought the Newark, N.J., bank for $5.4 billion — the biggest U.S. bank acquisition at the time. In 1997, the dealmaker bragged about the technique he used to buy Signet Banking Corp ...
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First Union was founded as Union National Bank on June 2, 1908, a small banking desk in the lobby of a Charlotte hotel by H.M. Victor. The bank merged with First National Bank and Trust Company of Asheville, North Carolina, in 1958 to become First Union National Bank of North Carolina. First Union Corporation was incorporated in 1967.
First Union Bank acquired the building and much of the rest of the block for its new headquarters in the 1980s. Preservation NC tried to persuade the bank, now Wells Fargo, to incorporate the ...
Wachovia's institutional capital markets and investment banking business arose from the merger of Wachovia and First Union. First Union had bought Bowles Hollowell Connor & Co. on April 30, 1998 adding to its merger and acquisition, high yield, leveraged finance, equity underwriting, private placement, loan syndication, risk management, and ...