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Who took over WFS financial?

Wachovia Corp. will acquire Westcorp and WFS Financial Inc. of Irvine, Calif., for $3.9 billion, more than doubling the banks auto finance group. The deal will make Wachovia the nations ninth-largest auto loan originator, just ahead of Corp.

What Company did Wells Fargo buyout?

Recent Acquisitions of Wells Fargo Acquisition DateCompany NameFounded Year Dec 09, 2021 Knight Material Technologies 1910 Sep 23, 2021 TRAMEC 1999 Jul 26, 2018 Color Spot Nurseries 1995 Jan 4, 2024

What happened to Wachovia?

In 2008, Wells Fargo Company acquired Wachovia Corporation to create North Americas most extensive distribution system for financial services, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through approximately 4,600 retail banking branches, more than 11,000 ATMs

When did first fidelity become First Union?

The $1.34 billion deal, the largest bank merger up to that time, turned First Fidelity into a regional powerhouse and one of the nations 25 largest banks. In 1996, First Fidelity was absorbed into First Union, which in 2001 merged with Wachovia, which was acquired by Wells Fargo in 2008.

When did Wachovia merge with First Union?

In September 2001, First Union completed their acquisition of Wachovia National Bank to become Wachovia Corporation, which used to be one of the largest financial holding companies in the U.S. As of the end of 2000, First Union had over $171 billion of total assets, over 70,000 employees and 2,193 branches.

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