Wachovia Corporation

Wachovia Corporation is a multinational banking corporation providing a wide range of financial services to both consumers and businesses. It provides financial services through its four divisions: General Bank, Wealth Management, Capital Management, Corporate and Investment Banking.

Wachovia suffered from financial insolvency in 2008, spurred by the subprime mortgage crisis. Wells Fargo bought the company in 2008 in an $11.7 billion acquisition.USA Today: Federal Reserve approves Wells Fargo's Wachovia buy (October 13, 2008) The two will eventually merge into one bank.Wells Fargo: Customer Frequently Asked Questions

1. 1879: Wachovia National Bank established
2. 2001: First Union Corporation merges with Wachovia
3. 2003: Wachovia and Prudential form Wachovia Securities
4. 2008: Wells Fargo buys Wachovia

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