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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 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.
Jan 1, 2009 · WFC. +0.03%. HONG KONG (MarketWatch) -- Wells Fargo & Co. said Thursday it completed the acquisition of Wachovia Corp., creating a financial-services giant with $1.4 trillion in assets, a service...
Oct 6, 2008 · Wells Fargo & Co. said Sunday that its takeover agreement with Wachovia will go forward, as an appellate court overturned an earlier decision to block its acquisition of Wachovia Corp.
The Wachovia Corporation developed from a small bank in Salem, North Carolina to become the fourth-largest bank holding company in the United States. Before Wells Fargo acquired Wachovia in 2008, it was the largest bank in the South, and it had the most extensive trust corporation, or financial service that assists with corporate wealth ...
So, Wells Fargo issued roughly 425 million shares — or 12.8% of its business — to acquire Wachovia for about $12 billion. In the first three quarters of 2008, Wachovia's operations burned ...
Apr 20, 2018 · Updated April 21, 2018 6:48 PM. Charlotte, North Carolina based Wachovia was sold to Wells Fargo 10 years ago at the peak of the 2008 economic recession. With the major banking business now facing ...
