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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
Wachovia - Wikipedia 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
Wachovia Corporation -- Company History The new Wachovia Corporation was formed from the September 2001 merger of First Union Corporation and Wachovia Corporation The deal created the fourth-largest bank holding company in the U S based on assets and the fifth-largest U S broker dealer based on registered representatives
Wachovia Historical Society - Home Reaching from the town of Bethania through Winston-Salem, N C , Wachovia is a tract of land settled by Moravians in the mid 18th Century The area is steeped in history and traditions that reach back to the original settlers
Wachovia Tract (Moravians) - North Carolina History The site of the first Moravian settlement in North Carolina, Wachovia, or Wachau, was the 100,000 acre tract in present-day Forsyth County The name Wachovia was derived from Der Wachau, the name of Count Zinzendorf’s estate where the early Moravians lived in Eastern Europe
Wachovia and the Subprime Crisis Lessons Learned Wachovia collapsed due to missteps in the subprime crisis, emphasizing lessons in risk management and strategic decisions The failure to manage risks effectively led to Wachovia’s downfall, becoming a cautionary tale in the banking sector
The Acquisition of Wachovia Corporation by Wells Fargo Company . . . 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 Fargo that included an offer from Wells Fargo to acquire all of Wachovia's stock by merger
Wachovia Explained Wells Fargo announced it had agreed to acquire all of Wachovia for $15 1 billion in stock Wachovia preferred the Wells Fargo deal because it would be worth more than the Citigroup deal and keep all of its businesses intact