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Wells Fargo acquired Wachovia in 2008 to create a leading financial services company in North America. Learn about Wachovia's origins, products, and services, and how to access your accounts online.
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.
Sep 1, 2010 · The Federal Reserve's general counsel summarizes the events leading up to the acquisition of Wachovia Corporation and its subsidiaries by Wells Fargo & Company in 2008. He focuses on the Federal Reserve's involvement, supervision, and authority over Wachovia and its nonbank subsidiaries.
Feb 19, 2009 · Wachovia was known for risky loans in their commerical and real estate sector. Wells just took $37.2billion credit write down on 12/31 of wachovia's high risk loan. And theres more coming.
- Joe Ponzio
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Oct 6, 2008 · Wells Fargo said its merger agreement with Wachovia will go forward, after an appellate court overturned an earlier decision to block it and a North Carolina court issued a restraining order against Citigroup. Citigroup claimed an exclusivity agreement with Wachovia, but faced challenges from the FDIC and the Fed over toxic assets.
Jan 1, 2009 · A historical article from 2009 about the merger of Wells Fargo and Wachovia, creating a financial-services giant with $1.4 trillion in assets. The article explains the terms of the deal, the service network expansion and the ATM access for customers.
Oct 14, 2011 · A series of articles on how Wells Fargo replaced Wachovia as the dominant bank in the region after the financial crisis of 2008. Learn about the history, the challenges and the vision of the bank conversion from leaders and former Wachovia employees.
