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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 ...
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.
Wachovia: The South Carolina National Bank Wachovia: Wells Fargo: 1991 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 ...
Here are some of the biggest bank mergers and acquisitions in American history. ... Wachovia Corp. $15.1 billion. Aug. 28, 1995 ... Thousands told to evacuate in L.A. as storms raise fears over ...
One lender is trying to help some of their borrowers' mortgages go from bad to ... slightly less bad. Wells Fargo, the fourth largest U.S. bank, inherited roughly $100 billions in "Pick a Pay ...
The October 4, 2008 episode of Saturday Night Live lampooned the Wachovia takeover of Golden West Financial during a segment on the financial bailout. Darrell Hammond, as Herb Sandler, states that "My wife and I had a company which aggressively marketed subprime mortgages, and then bundled them as securities to sell to banks such as Wachovia ...
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 ...
Retail and mortgage bank £ 1.26 × 10 ^ 9 [11] August 26, 2008: Roskilde Bank: Danmarks Nationalbank (Danish Central Bank) Retail bank $ 896,800,000 (kr4,500,000,000) [12] September 5, 2008: Silver State Bank: Federal Deposit Insurance Corporation: Commercial bank [13] September 7, 2008: Fannie Mae and Freddie Mac: Federal Housing Finance ...