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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. [3]
If you have to resort to anonymous bloggers to find complaints about Wachovia, then these complaints are not worth mentioning. The first paragraph on WP:A says it all: "Wikipedia is an encyclopedia, not a publisher of original thought. The threshold for inclusion in Wikipedia is whether material is attributable to a reliable published source ...
Wachovia: Westcorp Inc. (holding company for WFS Financial Inc and Western Financial Bank) Wachovia: $3.91 Billion [36] Wells Fargo: 2006 NewAlliance Bank: Cornerstone Bank NewAlliance Bank: NewAlliance Bank: 2006 Capital One Financial Corporation: North Fork Bank: Capital One Financial Corporation: $13.2 Billion [37] Capital One Financial ...
On May 31, 2007, the company announced that it would be acquired by Wachovia Corporation in a $6.8 billion deal. [6] On September 28, 2007, the company's shareholders voted in favor of the merger with Wachovia. The acquisition closed on October 1, 2007, and A.G. Edwards became a wholly owned subsidiary of Wachovia Corporation. [7]
Once the merger was finalized, the corporation, which retained the Wachovia name, decided to locate its headquarters at One Wachovia Center in Charlotte, North Carolina. Wachovia subsequently sold Wachovia Center to American Financial Realty Trust in May 2004 for $39.6 million as part of a $546 million deal which included 150 bank properties. [ 6 ]
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.
On Monday June 21, 2004 Wachovia Corporation announced it would buy SouthTrust in an all-stock transaction valued at $14.3 billion. [5] The merger closed on November 1, 2004. [ 6 ] The Birmingham market was the last market for the conversion to the Wachovia brand which occurred in October 2005.
In 2011, it retook its old name of Southeast Financial Center as Wachovia merged with Wells Fargo and moved to the nearby Wells Fargo Center. When topped-off in August 1983, it was the tallest building south of New York City and east of the Mississippi River , taking away the same title from the Westin Peachtree Plaza Hotel , in Atlanta ...