Search results
Results from the WOW.Com Content Network
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 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 April 16, 2001, First Union announced it would acquire Wachovia, through the exchange of approximately $13.4 billion in First Union stock. First Union offered two of its shares for each Wachovia share outstanding. The announcement was made by Wachovia chairman L.M. "Bud" Baker Jr. and First Union chairman Ken Thompson.
First Union Corporation: Southeast Banking Corporation: First Union Corporation: Wells Fargo: 1991 NBD Bancorp: Summcorp NBD Bancorp: $323 million [25] JPMorgan Chase: 1991 Society Corp. Ameritrust Corp. Society Corp. KeyBank: 1991 Signet Banking Corporation Madison National Bank Signet Banking Corporation Wells Fargo: 1991 First Fidelity Bank ...
First Union bought the Newark, N.J., bank for $5.4 billion — the biggest U.S. bank acquisition at the time. In 1997, the dealmaker bragged about the technique he used to buy Signet Banking Corp ...
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 ...
Below is the schedule for 2025 stock market holidays when the NYSE, Nasdaq and bond markets are closed: Wednesday, Jan. 1, 2025 — New Year’s Day Monday, Jan. 20, 2025 — Martin Luther King Jr ...
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.