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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.
Following the trend toward a common corporate identity, SCN changed its name to Wachovia Bank of South Carolina in May 1994. In 2000, the company's main subsidiaries included Wachovia Bank N.A., Wachovia Securities Inc., The First National Bank of Atlanta, and OFFITBANK.
25 paź 2011 · Wachovia, once the nation's fourth-biggest bank by assets, verged on collapse in September 2008, weighed down by losses tied to toxic mortgage loans and securities.
Wachovia provided a full array of financial services to retail, corporate and institutional customers. It offered current and savings accounts, certificates of deposits, personal and auto loans, mortgages, investments, asset and wealth management, brokerage and other services.
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] .
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 ...
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