Wachovia
Defunct banking company / From Wikipedia, the free encyclopedia
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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.
Company type | Public |
---|---|
NYSE: WB | |
Industry | Financial services |
Founded | June 16, 1879; 144 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) |
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]