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Wachovia was a diversified financial services company based in Charlotte, North Carolina.Before its acquisition by Wells Fargo and Company in 2008, Wachovia was the fourth-largest bank holding company in the United States, based on total assets. [3]
On Monday June 21, 2004 Wachovia Corporation announced it would buy SouthTrust in an all-stock transaction valued at $14.3 billion. [5] The merger closed on November 1, 2004. [ 6 ] The Birmingham market was the last market for the conversion to the Wachovia brand which occurred in October 2005.
Wachovia: Westcorp Inc. (holding company for WFS Financial Inc and Western Financial Bank) Wachovia: $3.91 Billion [36] Wells Fargo: 2006 NewAlliance Bank: Cornerstone Bank NewAlliance Bank: NewAlliance Bank: 2006 Capital One Financial Corporation: North Fork Bank: Capital One Financial Corporation: $13.2 Billion [37] Capital One Financial ...
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 ...
In 2006, they agreed to acquisition of Golden West Financial and its thrift, World Savings, by Wachovia Bank, The acquisition gave Wachovia an additional 285-branch network spanning 10 states. Wachovia greatly raised its profile in California, where Golden West held $32 billion in deposits and operated 123 branches. [10]
Map of Wells Fargo branches in August 2015 Wells Fargo branch in Berkeley, California A former Wachovia branch converted to Wells Fargo in the fall of 2011 in Durham, North Carolina American Express Co. early receipts (1853, 1869) Stagecoach with Christmas gifts at a Wells Fargo Bank, San Francisco Wells Fargo & Co. Express building circa 1860, Stockton, California Mud wagon — Wells Fargo U ...
SouthTrust Bank, N. A. is a community bank founded in George West, Texas in 1934. The bank has seven branches and over $500 million in assets (as of December 31, 2023). [ 1 ] Originally known as First National Bank of George West, the bank rebranded in 2013 to SouthTrust Bank after acquiring the trademark rights to the name from Wells Fargo. [ 2 ]
Wachovia Securities grew through the mergers of multiple companies. Its oldest predecessor company, Leopold Cahn & Co. was founded in 1879. One of main Wachovia Securities' predecessor companies was founded in 1934 as the investment firm of J.C. Wheat & Co. Wheat fostered growth through mergers, including the 1971 merger with First Securities that created Wheat First Securities, Inc. and the ...