Wachovia Bank News
Wachovia Corp. is buying competitor SouthTrust
Corp. in a $14.3 billion deal that will make it the
biggest bank in the Southeast and give it a foothold
in Texas. Wachovia
said it plans to close 130 to 150 branch offices and
eliminate about 4,300 jobs after the merger, announced
July 21, 2004 is completed. Wachovia is aiming to create
an unbeatable combination in the heart of their Southern
franchise and will acquire SouthTrust's 60 branches
in Texas, which a Wachovia spokesperson called "one
of the wealthiest and fastest-growing markets in the
country." The enlarged Wachovia will have $464
billion in assets, maintaining its position as the nation's
fourth largest bank.
Wachovia Bank Information
Wachovia offers a full array of financial services
to customers through offices in 11 East Coast states
and Washington, D.C. Including Connecticut, New York,
New Jersey, Pennsylvania, Delaware, Maryland, Virginia,
North Carolina, South Carolina, Georgia, and Florida.
Furthermore, Wachovia serves customers’ brokerage,
asset management, wealth management, trust, and investment
banking needs through Wachovia Securities, offices in
49 states and Washington, D.C. Global services are provided
through more than 30 international
offices.
Wachovia is the fourth largest bank holding company
in the United States based on assets. Third largest
U.S. full-service brokerage firm based on client assets.
With over 85,000 employees, Wachovia serves 12 million
households and businesses; 7 million online product
and service enrollments; 2 million active online
customers.
Wachovia Corporation
301 South College Street Suite 4000
One Wachovia Center
Charlotte, North Carolina 28288-0013
Key Benefits of Wachovia Bank Free Checking
- No monthly service fee
- No minimum balance requirement
- No direct deposit requirement
- Free Check Card
- Free Online Banking
- Free automated telephone service
- Unlimited use of Wachovia ATMs
- Unlimited check writing
- Compare to other online banks
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