Wachovia (former nyse ticker symbol wb) was a diversified financial services company based in charlotte, north carolinabefore 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 wachovia provided a broad range of banking, asset management, wealth management, and corporate and investment banking.
The wsj mentions the fdic's role in wells fargo acquiring wachovia: tough love for us banks here is the wells fargo narrative mentioned in the story from an s-4 filing with the sec: background of the merger. Wells fargo common stock is traded on the new york stock exchange you should consult your tax advisor because your tax consequences may vary access wachovia historical stock price information for reference, here is a discussion of the material us tax consequences that was part of the final.
Wells fargo securities was established in 2009 to house wells fargo’s new capital markets group which it obtained during the wachovia acquisition prior to that point, wells fargo had little to no participation in investment banking activities, though wachovia had a well established investment banking practice which it operated under the.
Wells fargo & company (nyse: wfc) said thursday it has completed its merger with wachovia corporation, effective december 31, 2008, creating north america’s most extensive distribution system for financial services with 11,000 stores, 12,260 atms, wellsfargocom and wells fargo phonebank(sm. The wells fargo dep shares will be redeemable, in whole or in part, at wells fargo's option after december 31, 2021, for an amount equal to $1000 per wells fargo dep share (or $001 per one one-thousandth of a wells fargo dep share, which is equivalent to the redemption price for the wachovia dep shares.
Wachovia is now wells fargo print founded in winston-salem, nc as wachovia national bank on june 16, 1879, wachovia grew to be one of the largest diversified financial services companies in the united states. Wells fargo-wachovia merger on december 23, 2008, wachovia announced that its shareholders had approved the wells fargo merger proposal on january 1, 2009, wells fargo announced that the merger had been completed effective december 31, 2008 federal reserve assistance. Wells fargo said early friday that it would merge with wachovia — including the troubled charlotte bank’s banking operations — in a $151 billion all-stock merger the announcement comes only four days after citigroup reached an agreement in principle to buy wachovia’s banking operations for.
Wells fargo & company (nyse:wfc) and wachovia corporation (nyse:wb) said today they have signed a definitive agreement for the merger of the wells fargo, wachovia agree to merge creating premier.
Wachovia's institutional capital markets and investment banking business arose from the merger of wachovia and first union first union had bought bowles hollowell connor & co on april 30, 1998 adding to its history of wells fargo official website.