First union merger with wachovia
WebApr 16, 2001 · Wachovia will merge with rival First Union, the two banking giants confirmed Monday, shocking the industry and region with a move that wasn't even on the radar screen two weeks ago. As a... WebAug 13, 2001 · BHC Act (12 U.S.C. § 1842) to merge with Wachovia Corporation (“Wachovia”) and thereby acquire Wachovia’s subsidiary banks,1 including its lead subsidiary bank, Wachovia Bank, National Association, Winston- ... 3 First Union and Wachovia are financial holding companies within the meaning of the BHC Act. In …
First union merger with wachovia
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WebFirst Union merges. On September 1, 2001, First Union and Wachovia merged to create the leading retail bank presence on the East Coast and the fifth-largest full-service retail broker-dealer in the United States. The new company was named Wachovia Corporation. WebMay 30, 2001 · Wachovia and First Union, and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of Wachovia and First Union in connection with the merger.
WebWachovia-First Union Merger: 2001. In April 2001, First Union made its $14 billion bid for Wachovia. At the time, First Union was facing possible takeover threats and Wachovia's … WebMay 3, 2003 · The combination of Wachovia and First Union, called a ``merger of equals,' created the nation's fifth-largest bank. Charlotte-based Wachovia has assets of $348 …
WebJul 18, 2001 · See microfilm for full-page ad arguing against First Union's merger with Wachovia, which SunTrust says will result in 7,000 layoffs. WebApr 16, 2001 · Mike Hayes Apr 16, 2001 First Union announced this morning that it is buying Wachovia Corp. and adopting its corporate identity. First Union Corp. will …
WebDec 17, 2001 · CHARLOTTE, North Carolina -- Wachovia Corp. and First Union Corp. have completed their long-planned $14.3 billion merger, creating the fourth-largest U.S. bank. …
WebOn April 16, 2001, First Union and Old Wachovia announced that they had signed a stock-for-stock merger proposal, which offered Old Wachovia shareholders two shares of First Union common stock (NYSE:FTU) for each share of Old Wachovia common stock (NYSE:WB) plus either a one-time special payment of $0.48 or two preferred shares with … floor display cases for collectiblesWebApr 16, 2001 · Mike Hayes Apr 16, 2001 First Union announced this morning that it is buying Wachovia Corp. and adopting its corporate identity. First Union Corp. will become Wachovia Corp., and... floor discount storesWebApr 16, 2001 · NEW YORK (CNNfn) - First Union Corp. said Monday it has agreed to buy Wachovia Corp. for about $13 billion in stock, a move that would combine two North … great northern flatbedWebApr 15, 2024 · Approving the Merger of First Union and Wachovia]. Prior to the merger, First Union was the sixth largest commercial banking organization in the United States, with total consolidated assets worth $252.9 billion, and controlling appromimately 4.1 percent of total banldng assets of insured commercial banks in the United States. Id. floor displays glossyWebJun 18, 2001 · In a victory for SunTrust Banks, a judge Monday afternoon allowed the bank to question Wachovia Corp.'s board of directors on how it reached a decision to pursue a merger with First Union Corp. floor display cases for saleWebMay 11, 2024 · First Union and Wachovia merge, forming the new Wachovia Corporation. As such, First Union sought to build its product and services portfolio as well as boost brand recognition through acquisitions as the banking industry continued to consolidate into the late 1990s. By now, the company had made nearly 40 purchases … great northern flat carWebFeb 20, 2024 · First Union shareholders received 0.7434 of a Wachovia common share for each First Union common share they owned. The merger created a leading diversified financial services company with retail banking, corporate and investment banking, and wealth management and asset management businesses. great northern flexi ticket