: Wachovia National Bank was co-founded in Winston-Salem, North Carolina , on June 16, 1879, by James Alexander Gray and William Lemly. Key Mergers :
Wachovia, formerly one of the largest financial services companies in the United States, was acquired by Wells Fargo & Company on December 31, 2008. The Wachovia brand was fully absorbed into Wells Fargo by October 15, 2011. wachovia*banks
: Wachovia purchased Golden West Financial (owner of World Savings Bank) for roughly $24 billion, significantly expanding its mortgage portfolio. The 2008 Financial Crisis and Acquisition : Wachovia National Bank was co-founded in Winston-Salem,
: Wachovia merged with First Union Corporation of Charlotte, North Carolina. Although First Union was the acquiring party, the new entity adopted the Wachovia name due to its stronger brand reputation . : Wachovia purchased Golden West Financial (owner of
: It acquired SouthTrust Corporation, becoming the largest bank in the Southeastern U.S. .