This article is about the financial services company. For the historic geographic location of the same name (after which the bank was named), see Wachovia Tract.
Wachovia
Company type
Public
Traded as
NYSE: WB
Industry
Financial services
Founded
June 16, 1879; 145 years ago (1879-06-16)
Defunct
December 31, 2008; 15 years ago (December 31, 2008) (as an independent corporation) October 15, 2011; 12 years ago (October 15, 2011) (as a brand)
Fate
Acquired by Wells Fargo[1]
Successor
Wells Fargo[2]
Headquarters
Charlotte, North Carolina, U.S.
Products
Banking, Investments
Owner
Wells Fargo
Website
Archived official website at the Wayback Machine (archive index)
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 provided a broad range of banking, asset management, wealth management, and corporate and investment banking products and services. At its height, it was one of the largest providers of financial services in the United States, operating financial centers in 21 states and Washington, D.C., with locations from Connecticut to Florida and west to California.[4] Wachovia provided global services through more than 40 offices around the world.
The acquisition of Wachovia by Wells Fargo was completed on December 31, 2008, after a government-forced sale to avoid Wachovia's failure. The Wachovia brand was absorbed into the Wells Fargo brand in a process that lasted three years.[2] On October 15, 2011, the final Wachovia branches were converted to Wells Fargo.[5]
^Mukunda, Gautam. "Persistence Is Overrated—Why Learning Is The Hallmark Of Great Crisis Leadership". Forbes. Retrieved 2020-06-30.
^Alvarez, Scott G. (1 September 2010). "The Acquisition of Wachovia Corporation by Wells Fargo & Company". Testimony Before the Financial Crisis Inquiry Commission, Washington, D.C. Board of Governors of the Federal Reserve System. Retrieved 6 February 2018.
^"Wachovia Company Facts". Wachovia. 2007-04-16. Retrieved 2007-06-14.
^O'Daniel, Adam (2011-10-15). "Farewell to Wachovia: The transition to Wells Fargo". Charlotte Business Journal.
Wachovia was a diversified financial services company based in Charlotte, North Carolina. Before its acquisition by Wells Fargo and Company in 2008, Wachovia...
Wachovia (/wɑːˈkoʊviə/) was the area settled by Moravians in what is now Forsyth County, North Carolina, United States. Of the six 18th-century Moravian...
attracted some of the top players on the tour. It debuted in 2003 as the Wachovia Championship and was known in 2009 and 2010 as the Quail Hollow Championship...
Wachovia Securities was the trade name of Wachovia's retail brokerage and institutional capital markets and investment banking subsidiaries. Following...
became a coast-to-coast bank with the 2008 acquisition of Charlotte-based Wachovia. Henry Wells and William G. Fargo, who founded American Express along with...
sold the land to Wachovia. Originally, the building was to be known as the Wachovia Corporate Center. It was to replace One Wachovia Center as the headquarters...
Financial. In 2003, Prudential Securities was merged into Wachovia Securities, a division of Wachovia Bank. Prudential Securities traces its origins to the...
September 2001, First Union completed their acquisition of Wachovia National Bank to become Wachovia Corporation, which used to be one of the largest financial...
under the Wachovia Securities banner. Wachovia's institutional capital markets and investment banking business arose from the merger of Wachovia and First...
Carolina, United States. Originally named Wachovia Center, the building served as the corporate headquarters of Wachovia bank from 1995, the year of the tower's...
of Wachovia in 2001, and subsequent adoption of Wachovia's name in 2002, One First Union's name changed to One Wachovia Center. In 2007, Wachovia announced...
Union buildings were took the Wachovia name as a result of First Union purchasing Wachovia. Two First Union became Two Wachovia Center. In December 2010,...
with Wachovia and it became the Wachovia Tower. It became the Wells Fargo Tower in September 2010 after Wells Fargo completed its purchase of Wachovia and...
Wells Fargo Capitol Center (formerly Wachovia Capitol Center and First Union Capitol Center) is a 30-story 121.92 m high-rise skyscraper at 150 Fayetteville...
formerly known as Wachovia Securities until May 1, 2009, when it legally changed names following Wells Fargo's acquisition of Wachovia Corporation. Wells...
Capital, which was formerly called First Union Capital Partners and then Wachovia Capital Partners, is an independent private equity firm focused on growth...
business of Wachovia. The brand was merged into Wells Fargo Advantage Funds and subsequently phased out following Wells Fargo's acquisition of Wachovia. The...
Union-Wachovia merger, this building was called Three First Union Center. In December 2010, as a result of Wells Fargo's 2008 purchase of Wachovia, the...
Carolina, also known as the Wachovia Bank and Trust Company Building. It was built in 1911 as the headquarters of Wachovia Bank and Trust, with the ninth...
America, Duke Energy and Wachovia Corp., the $150.5 million plan was to be financed by property taxes on a development by Wachovia, as well as a 4 percent...
acquired Wachovia National Bank to become Wachovia Corporation, CoreStates Financial Corporation became a part of Wells Fargo in 2008 when Wachovia (formerly...
thrift, World Savings, by Wachovia Bank, The acquisition gave Wachovia an additional 285-branch network spanning 10 states. Wachovia greatly raised its profile...
The Winston Tower (formerly Wachovia Building) is a 410 ft (125 m) tall skyscraper in Winston-Salem, Forsyth County, North Carolina, completed in 1966...
(1992–2003) and the Wachovia Financial Center (2003–2011). In 2011, it retook its old name of Southeast Financial Center as Wachovia merged with Wells Fargo...
Corporation". "Wachovia Corporation To Acquire Westcorp And WFS Financial Inc In $3.91 Billion Transaction" (Press release). Wachovia. September 12, 2005...
Pennsylvania Civic Arena and Convention Center, formerly First Union Arena and Wachovia Arena) is an 8,050-seat multi-purpose arena located in Wilkes-Barre Township...
Global Information