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CoreStates Financial Corporation information


CoreStates Financial Corporation
IndustryBank holding company
Founded1803 (As "The Philadelphia Bank")
Defunct1998
FateAcquired by First Union Corporation
SuccessorWells Fargo (formerly Wachovia/First Union)
HeadquartersPhiladelphia
ProductsFinancial services

CoreStates Financial Corporation, previously known as Philadelphia National Bank (PNB), was an American bank holding company in the Philadelphia, Pennsylvania, metropolitan area.

The bank was renamed in the mid-1980s after a series of mergers. After being acquired by First Union Corporation, which later also acquired Wachovia National Bank to become Wachovia Corporation, CoreStates Financial Corporation became a part of Wells Fargo in 2008 when Wachovia (formerly known as First Union) was acquired by that company.

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