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Wachovia Corporation is a large banking chain in the United States. It is number 23 on the Forbes 500 list for 2003, and is the fourth largest bank holding company in the US. Wachovia Bank and Trust was formed in 1911 by the merger of Wachovia National Bank (founded 1879) and Wachovia Loan and Trust (founded 1893), and was located in Winston-Salem, North Carolina. It later renamed to Wachovia Corporation, and in 2001, merged with First Union Corporation, and the headquarters were moved to Charlotte, North Carolina.
On June 21, 2004, it announced plans to acquire banking competitor SouthTrust Corp. for $14.3 billion. The merger will create the largest bank in the southeast, the fourth largest bank in the United States in terms of holdings, and the second largest in terms of number of branches.
When Wachovia and First Union merged, the multiple skyscrapers with First Union's name came under Wachovia's name. Charlotte, North Carolina's One First Union became One Wachovia Center, and the 55-story First Union tower in Miami became the Wachovia tower. Wachovia Center, built in 19741974 is a common year starting on Tuesday (click on link for calendar). Events January-February January 5 Dungeons & Dragons officially released. February 4 Patricia Hearst, the 19 year old granddaughter of publisher William Randolph Hearst, is kidnapped, retained its name after the merger. The merger also affected the names of the indoor professional sports arenas in PhiladelphiaAlternate meanings: Philadelphia (disambiguation Philadelphia is the fifth-largest city in the United States and the largest city in Pennsylvania, occupying all of Philadelphia County . As of the 2000 census, the population was 1,517,550, but a July 1, 20. Formerly known as the First Union Center and the First Union Spectrum, they are now known as the Wachovia CenterThe Wachovia Center (formerly known as the CoreStates Center and the First Union Center is an indoor arena located in Philadelphia, Pennsylvania. It is home to the Philadelphia 76ers of the NBA and the Philadelphia Flyers of the NHL. The arena was complet and the Wachovia SpectrumThe Wachovia Spectrum (formerly known as the Spectrum CoreStates Spectrum and First Union Spectrum is an indoor arena located in Philadelphia, Pennsylvania. Completed in 1967, it seats 17,500 for ice hockey. The arena was the home of the Philadelphia Flye.
"Wachovia" is the LatinAlternative meanings: See Latin (disambiguation Latin was the language originally spoken in the region around Rome called Latium. It gained great importance as the formal language of the Roman Empire. All Romance languages are descended from Latin, and ma form of the GermanThe Federal Republic of Germany ( German: Bundesrepublik Deutschland is one of the world's leading industrialized countries, located in the middle of the European Union. It is bordered to the north by the North Sea, Denmark and the Baltic Sea, to the east name WachauThe Wachau is a valley formed by the Danube river. It is located in Austria between the towns of Melk and Krems and is 30 km in length. A well-known town is Durnstein, where King Richard the Lion-Hearted of England was held captive by Duke Leopold V.. When Moravian settlers arrived in North Carolina in 1753, they gave this name to the land they acquired, because it resembled a valley along the Danube River called Der Wachau.
Wachovia is one of the top 10 companies for working mothers in 2004 according to Working Mother Media.