Search results
Results from the WOW.Com Content Network
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.
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 ...
On August 3, 2001, legacy Wachovia Corporation shareholders approved a "merger of equals" deal with Evergreen Fund's umbrella company, First Union Corporation, to create the new Wachovia Corporation, of which Evergreen became a subsidiary. The new entity shed the name of First Union and assumed the Wachovia identity and stock ticker.
First Union later merged with Winston-Salem’s Wachovia and was bought by Wells Fargo after the bank nearly collapsed in the 2008 financial crisis. Some of Crutchfield’s deals were duds.
Here are some of the biggest bank mergers and acquisitions in American history. ... Wachovia Corp. $15.1 billion ... June 23, 2017. CIBC. PrivateBancorp. $5 billion. July 29, 2016. KeyCorp. First ...
First Union Corp. Wachovia: Wachovia. Adopted the acquired company's name Wells Fargo: 2001 ... Steven J. Pilloff, "Bank Merger Activity in the United States, 1994 ...
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.
Ed Crutchfield turned Charlotte-based First Union into a banking behemoth, in an era of expansion that began in the mid-1980s.