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Wachovia Corporation began on June 16, 1879, in Winston-Salem, North Carolina, as the Wachovia National Bank. The bank was co-founded by James Alexander Gray and William Lemly. [ 10 ] In 1911, the bank merged with Wachovia Loan and Trust Company , "the largest trust company between Baltimore and New Orleans ", [ 11 ] which had been founded on ...
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]
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.
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.
It was previously known as the Southeast Financial Center (1984–1992), the First Union Financial Center (1992–2003) and the Wachovia Financial Center (2003–2011). 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 .
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.
Today's NYT Connections puzzle for Sunday, January 19, 2025The New York Times
On May 31, 2007, the company announced that it would be acquired by Wachovia Corporation in a $6.8 billion deal. [6] On September 28, 2007, the company's shareholders voted in favor of the merger with Wachovia. The acquisition closed on October 1, 2007, and A.G. Edwards became a wholly owned subsidiary of Wachovia Corporation. [7]