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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]
Wachovia greatly raised its profile in California, where Golden West held $32 billion in deposits and operated 123 branches. [10] Wachovia also picked up about $122 billion in option adjustable rate mortgages. [11] The acquisition was announced on May 7, 2006, with a price of a little under $25.5 billion.
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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.
(Reuters) -A glitch at the New York Stock Exchange (NYSE) triggered massive swings in the shares of Berkshire Hathaway and Barrick Gold, and trading halts in dozens of other companies on Monday ...
A.G. Edwards was a member of the New York Stock Exchange and other major stock and commodities exchanges. The firm's global headquarters were located in the Downtown West area of St. Louis, Missouri. [2] The company traded on the NYSE under the ticker symbol AGE.
Wachovia Securities was the trade name of Wachovia's retail brokerage and institutional capital markets and investment banking subsidiaries. Following Wachovia's merger with Wells Fargo and Company on December 31, 2008, the retail brokerage became Wells Fargo Advisors on May 1, 2009 and the institutional capital markets and investment banking group became Wells Fargo Securities on July 6, 2009.