- Wells FargoWachovia was acquired by Wells Fargo in 2008 for $15.1 billion1. The acquisition was completed on December 31, 2008, after a government-forced sale to avoid Wachovia's failure2. The acquisition created North America’s most extensive distribution system for financial services3. Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through approximately 4,600 retail banking branches, more than 11,000 ATMs, the internet (wellsfargo.com), and other distribution channels across North America and internationally3.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.In 2008 Wachovia was bought out by Wells Fargo for $15.1 billion. This was approximately $7 a share, which is nearly an 80 percent premium closing price of $3.91. On May 1, 2009, the retail brokerage legally changed its name to Wells Fargo Advisors.en.wikipedia.org/wiki/Wachovia_SecuritiesThe acquisition of Wachovia by Wells Fargo was completed on December 31, 2008, after a government-forced sale to avoid Wachovia's failure.en.wikipedia.org/wiki/WachoviaIn 2008, Wells Fargo & Company acquired Wachovia Corporation to create North America’s most extensive distribution system for financial services, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through approximately 4,600 retail banking branches, more than 11,000 ATMs, the internet (wellsfargo.com), and other distribution channels across North America and internationally.www.wellsfargo.com/about/corporate/wachovia/
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See all on WikipediaWachovia - Wikipedia
Wachovia was a diversified financial services company based in Charlotte, North Carolina. Before its acquisition by Wells Fargo and Company in 2008, Wachovia was the fourth-largest bank holding company in the United States, based on total assets. Wachovia provided a broad range of banking, asset management, … See more
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.
The company was … See moreExposed to risky loans, such as adjustable rate mortgages acquired during the acquisition of Golden West Financial in 2006, Wachovia began to experience heavy losses in its loan portfolios during the subprime mortgage crisis.
In the first quarter … See moreIdentity theft negligence
A May 2007 New York Times article described Wachovia's negligence in screening and taking action against companies linked with See more• Asset & Liability
• Asset/Liability
• Net Income
Wachovia, excluding … See moreThough Citigroup was providing the liquidity that allowed Wachovia to continue to operate, Wells Fargo and Wachovia announced on October 3, 2008, that they had agreed to merge in an all-stock transaction requiring no government involvement. Wells … See more
• G. Kennedy Thompson 2001–2008
• Robert K. Steel 2008 See moreWikipedia text under CC-BY-SA license Wachovia Is Now Wells Fargo
- Founded in Winston-Salem, N.C. as Wachovia National Bank on June 16, 1879, Wachovia grew to be one of the largest diversified financial services companies in the United States. It traded on the New York Stock Exchange under the symbol WB.
SouthTrust (1887–2005) - Wikipedia
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. SouthTrust was listed on the NASDAQ exchange under the ticker symbol SOTR. The company was headquartered in the SouthTrust Tower, now known as the Shipt Tower. SouthTrust had branches in Alabama, Florida
Wikipedia · Text under CC-BY-SA licenseWachovia Corporation -- Company History
Wachovia Bank of Georgia traces its history to the Civil War, the subsequent financial rebuilding of Atlanta, and the determination of one prominent civic leader, General Alfred Austell, who gained banking experience at Atlanta's …
Wells Fargo Buys Wachovia for $15.1 Billion - ABC News
Oct 3, 2008 · Wachovia shareholders will receive 0.1991 shares of Wells Fargo for every share of Charlotte, N.C.-based Wachovia stock they own, valuing Wachovia at about $7 per share. This …
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Wells Fargo struggling 10 years after Wachovia …
Apr 20, 2018 · Mark Beck, a Charlotte-area Wachovia shareholder, was a vocal opponent of Wachovia's sale in 2008, launching a website called wachoviavoteno.com that initially opposed the Citi deal.
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G. Kennedy Thompson - Wikipedia
G. Kennedy Thompson, also known as Ken Thompson, (born November 25, 1950) is an American banker and businessman who was chairman, president, and CEO of Wachovia Corporation, …
The Acquisition of Wachovia Corporation by Wells Fargo
Sep 1, 2010 · On October 2, during the period Citigroup and Wachovia were negotiating a final merger agreement, the board of directors of Wachovia received a communication from Wells …
The Wachovia Corporation - North Carolina History
The Wachovia Corporation developed from a small bank in Salem, North Carolina to become the fourth-largest bank holding company in the United States. Before Wells Fargo acquired Wachovia in 2008, it was the largest bank in the South, …
WACHOVIA SECURITIES, INC. in Columbus, OH - Bizapedia
Nov 25, 2024 · WACHOVIA SECURITIES, INC. is an Ohio Foreign Corporation filed on October 9, 1990. The company's filing status is listed as Dead and its File Number is 782729. The …
- Location: NC
