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One Wells Fargo Center, formerly One Wachovia Center.The former corporate headquarters of Wachovia in Charlotte, North Carolina.. Wachovia was the product of a 2001 merger between the original Wachovia Corporation, based in Winston-Salem, North Carolina, and Charlotte-based First Union Corporation.
Once the merger was finalized, the corporation, which retained the Wachovia name, decided to locate its headquarters at One Wachovia Center in Charlotte, North Carolina. Wachovia subsequently sold Wachovia Center to American Financial Realty Trust in May 2004 for $39.6 million as part of a $546 million deal which included 150 bank properties. [6]
After Wells Fargo announced its purchase of Wachovia in 2008, Duke Energy announced plans to take more space in the new building. In February 2009, Duke announced it would occupy the Duke Energy Center, formerly the Wachovia Corporate Center, as its corporate headquarters. [19] In December 2010, the building was renamed to One Wells Fargo ...
Originally, the building was to be known as the Wachovia Corporate Center. It was to replace One Wachovia Center as the headquarters of Wachovia. Wachovia was to occupy 450,000 square feet (42,000 m 2) [7] of the 1.5 million square feet (140,000 m 2) tower. The first floor of the building was to contain the main lobby and elevators.
Wells Fargo Advisors is a subsidiary of Wells Fargo, located in St Louis, Missouri.It is the third largest brokerage firm in the United States as of June 30, 2021 with $1.9 trillion retail client assets under management.
SouthTrust Corporation was a banking company headquartered in Birmingham, Alabama. In 2004, SouthTrust reached an agreement to merge with Wachovia in a stock-for-stock deal. At the time of the merger with Wachovia was completed, SouthTrust had $53 Billion in assets. SouthTrust was listed on the NASDAQ exchange under the ticker symbol SOTR.
The acquisition closed on October 1, 2007, and A.G. Edwards became a wholly owned subsidiary of Wachovia Corporation. [7] Following the merger, Wachovia moved the world headquarters of combined retail brokerage, Wachovia Securities, from Richmond, Virginia, to A.G. Edwards' previous headquarters in St. Louis, Missouri. Subsequently, Wachovia ...
The area is the namesake and birthplace of Wachovia Corporation, once one of the world's largest banks. The bank was pioneered by Bethanian I.G. Loesch. Salem, then Winston-Salem, was the corporate headquarters for the bank until its merger with the First Union corporation, when the headquarters was moved to Charlotte, North Carolina.