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- San Francisco-based Wells Fargo agreed on October 3 to buy Wachovia, beating out a smaller bid by Citigroup Inc for part of Wachovia. Citigroup's bid included government backing, while Wells Fargo's did not. Wells Fargo said Wachovia branches will keep their brand name at least for the "near future."
Oct 3, 2008 · NEW YORK (MarketWatch) -- Wells Fargo & Co. and Wachovia Corp. have agreed on a $15 billion merger that highlights the buyer's strong balance sheet and its aspiration to expand its presence in...
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- Early history
- Operations
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- Services
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 provided a broad range of retail banking and brokerage, asset and wealth management, and corporate and investment banking products and services to customers through 3,300 retail financial centers in 21 states, along with nationwide retail brokerage, mortgage lending, and auto finance businesses. Globally, Wachovia served clients in corpora...
In 2008, Wells Fargo & Company acquired Wachovia Corporation to create North Americas most extensive distribution system for financial services, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through approximately 5,500 branches, more than 13,000 ATMs, the internet (wellsfargo.com), and other dis...
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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.
Dec 23, 2008 · "We believe our combined company will be a compelling value for Wachovia shareholders -- and today's vote shows they agree," said Wells Fargo President and CEO John Stumpf. "Shareholders' approval is a major step toward completing the merger and we now look forward to the official merger of our two companies a week from tomorrow.
Jan 1, 2009 · San Francisco-based Wells Fargo agreed on October 3 to buy Wachovia, beating out a smaller bid by Citigroup Inc for part of Wachovia. Citigroup's bid included government backing, while Wells Fargo's did not. Wells Fargo said Wachovia branches will keep their brand name at least for the "near future."
Oct 10, 2008 · Wells Fargo looked set Thursday night to acquire Wachovia in a $11.7bn all-share deal after Citigroup pulled out of the bitter battle for the sixth-largest US bank because it did not want to...
Jan 1, 2009 · Starting Thursday, customers of Wells Fargo WFC, -0.27% and Wachovia will be able to use all the company's 12,260 combined automated teller machines.
