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Home > Fortune 500 Companies > Wachovia Corp.
Wachovia Corp.
Wachovia Corp is a publicly traded company having a good stock performance result. They are one of the largest providers of financial services in the United States operating as Wachovia Bank in 15 states. Wachovia Corp is a fortune 500 stock listed company trading under WB.
Wachovia was established in 1879 and is headquartered in Charlotte, North Carolina. As of December 31, 2005, Wachovia operated 3,131 financial centers and 719 retail brokerage offices as well as 5,119 automated teller machines.
They also serve retail brokerage clients under the name Wachovia Securities nationwide as well as in six Latin American countries and investment banking clients in selected industries nationwide. They provide global services through more than 40 offices around the world.
Wachovia Corporation operates as a bank holding company. It also engages in capital management, the general bank, wealth management, and the corporate and investment bank businesses. The company provides a variety of commercial and retail banking, and trust services through full-service banking offices in the United States. It not only offers checking, savings, check card, foreign currency, annuities, life insurance, brokerage account transfers, individual retirement accounts, credit cards, home equity, mortgage, hazard and flood insurance but also escrow, taxes, private mortgage insurance, education loans, online services, online banking, online bill pay and online brokerage services.
The company also provides a range of other financial services including mortgage banking, investment banking, estate planning, investment advisory, asset management, credit and debit card products, trust services, charitable services, mortgage banking, asset-based lending, leasing, insurance, and international and securities brokerage services. The company engages in equity and debt underwriting activities, private equity investment activities, derivative securities activities, investment and wealth management advisory businesses, and brokerage activities.
Wachovia Corp is fourth largest bank holding company in the United States based on assets. It is the third largest U.S. full-service brokerage firm based on client assets. Wachovia Corp has 6 billion shares of common stock outstanding. Stock trades on the New York Stock Exchange under the WB symbol.
In September 2005 the Company announced the signing of a definitive merger agreement with Westcorp WFS Financial Inc 84 percent of the common stock which is owned by Westcorp and 16 percent is held by the public.
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