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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 June 15 ...
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.
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 ...
Here are some of the biggest bank mergers and acquisitions in American history. ... Wachovia Corp. $15.1 billion. Aug. 28, 1995. Chase Manhattan Corp. Chemical Banking Corp. $10 billion.
Wells Fargo has announced which Wachovia bank branches will be changed over to its own name this year as it continues to fold the former bank giant into its own brand. In a Wells Fargo-Wachovia ...
First Bank System, Inc. (CNB remained unchanged until after merger with U.S. Bancorp) U.S. Bancorp: 1993 Banc One Corp. Valley National Bank of Arizona: Banc One Corp. JPMorgan Chase: 1993 Bank of Boston Corp. South Shore Bank, Mechanics Bank, First Agricultural Bank of Boston Corp. Bank of America: 1993 First Union Corporation: Dominion Bank
The building became known as the Wells Fargo Building after Wells Fargo, which bought Wachovia in 2008, re-branded Wachovia area banks in April 2011. Wells Fargo marketed the change by having a stagecoach carrying Philadelphia mayor Michael Nutter and others ride from Philadelphia City Hall to the Wells Fargo Building.
Florida National Bank (FNB), founded in 1905, was the second largest commercial bank in Florida. Florida National Group was acquired in 1990 by First Union Corporation, which was renamed Wachovia in 2001; Wachovia was subsequently acquired by Wells Fargo in 2008.