The Wachovia; Corporation, based out of Charlotte, North Carolina, has been in operation since 1879 when it started out as Wachovia National Bank in Winston-Salem, North Carolina.
According to their official site, as of the end of June 2008, Wachovia had over 3,300 financial centers, 1,500 retail brokerage offices, and 5,300 ATMs nationwide. Wachovia's corporation is actually comprised of four internal divisions: Capital Management, Corporate and Investment Banking, General Bank, and Wealth Management.
The financial crisis of 2008, though, impacted Wachovia. Wells Fargo had agreed to buy the struggling institution just days after Wachovia had agreed to a similar settlement with Citigroup.
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California and Wells Fargo Push to Modify “Pick a Payment” Loans
Pressing forward as Wells Fargo agrees to assist California home owners who are struggling with their adjustable pick a payment or option arm loans to continue loan modifications in the troubled state. $2.4 billion to aid loan modifications targeting the negative amortization loans, this comes after the giant lender agrees to keep modify loans in 8 other states.by freehampreport / on Dec 22, 2010
Latest blogosphere posts tagged “wachovia”
San Antonio Attorney — Authority: 122
A woman from Tualatin, Oregon has won a three-year battle against Wells Fargo to prove that the bank had wrongfully foreclosed on her home for supposedly missing mortgage payments. On Wednesday, a judge ruled that there was insufficient proof that she was delinquent in her payments. Delores Dingman said the bank ...4 weeks ago
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