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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 ...
Wachovia Bank may be on the hook for their role in a massive fraud. Suntasia Marketing Inc. was shut down by the Federal Trade Commission in July. They say it was a scheme that used telemarketers ...
A daily look at legal news and the business of law: Wachovia Admits Violations, Will Pay $160 Million Wachovia, now a subdivision of Wells Fargo (WFC), had a relationship with a Mexican "casas di ...
In 2013, First National Bank of George West, based in south Texas and founded in 1934, acquired the rights to the name SouthTrust Bank. The new SouthTrust Bank is not affiliated with the original SouthTrust Bank of Alabama, acquiring only the trademark rights to the name as an effort to distinguish their brand amongst other national banks.
Commercial bank € 1.14 × 10 ^ 9 [35] [36] October 9, 2008: Bankwest (subsidiary of HBOS) Commonwealth Bank: Bank £ 1.2 × 10 ^ 9 [37] October 13, 2008: Sovereign Bank, Wyomissing, Pennsylvania: Banco Santander: Bank $ 1.9 × 10 ^ 9 [38] October 13, 2008: Royal Bank of Scotland Group (up to 81.14% Bought) Government of the United Kingdom ...
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 ...
Citigroup did not block the merger, but indicated they would seek damages of $60 billion for breach of an alleged exclusivity agreement with Wachovia. [14] The merger created a coast-to-coast super-bank with $1.4 trillion in assets and 48 million customers and expanded Wells Fargo's operations into nine Eastern and Southern states.
Here are some of the biggest bank mergers and acquisitions in American history. ... Wachovia Corp. $15.1 billion. Aug. 28, 1995 ... Or a bank failure could cause consolidation.