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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.
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 ...
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.
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 ...
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 ...
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, and ...
Date. Acquiring bank. Acquired bank. Purchase price. Sept. 30, 1998. Bank of America. NationsBank. $62 billion. July 1, 2004. J.P. Morgan Chase. Bank One. $58 billion