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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]
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.
In 2011, it retook its old name of Southeast Financial Center as Wachovia merged with Wells Fargo and moved to the nearby Wells Fargo Center. When topped-off in August 1983, it was the tallest building south of New York City and east of the Mississippi River , taking away the same title from the Westin Peachtree Plaza Hotel , in Atlanta ...
The bank was renamed in the mid-1980s after a series of mergers. After being acquired by First Union Corporation, which later also acquired Wachovia National Bank to become Wachovia Corporation, CoreStates Financial Corporation became a part of Wells Fargo in 2008 when Wachovia (formerly known as First Union) was acquired by that company.
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 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 ...
400 South Tryon, formerly called the Wachovia Center, is a skyscraper in Charlotte center city, North Carolina.When it was being built, there were rumors that the developer intended to add ten more floors to pass Bank of America Plaza, and become the tallest building in Charlotte.
G. Kennedy Thompson, also known as Ken Thompson, (born November 25, 1950) is an American banker and businessman who was chairman, president, and CEO of Wachovia Corporation, formerly First Union Corporation, from 2000 through 2008. [1] During his leadership, Wachovia grew to become the nation's fourth largest bank. [2] [3]