Wells Fargo name replacing Wachovia


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Submitted: Mon, 05/16/2011 - 1:15pm
Updated: Mon, 05/16/2011 - 1:19pm
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CHARLOTTE, NC (AP) — San Francisco-based Wells Fargo is putting its name on the Charlotte-based Wachovia banks it has taken over on the East Coast.

The Charlotte Observer reported the Wells Fargo name will go on Wachovia banks in Virginia in August, followed by Maryland, South Carolina and Washington DC, in September.

The changeover will hit North Carolina branches in October.

The changes affect 868 branches, nearly 1,500 ATMs, and more than 47,000 employees.

Wells Fargo is second in deposits in North Carolina, with 21 percent of the market.

Wells Fargo agreed to buy Wachovia as at the peak of the financial crisis in the fall of 2008.

Branches in the West, Northeast and parts of the Southeast have already changed; Florida switches in June and July.

Information from: The Charlotte Observer, http://www.charlotteobserver.com

(Copyright 2011 by The Associated Press. All Rights Reserved.)

7 Comments

  • Commonsensenotcommontoday says:

    You used a wide brush in tarring three very fine industries. If you want to consider marketing as an indicator of greed, so be it, but how are the oil and insurance industries deserving of this accusation?

  • Commonsensenotcommontoday says:

    Does the concept of WHY a corporation exists confuse you?

    What is the purpose of a corporation….or for that matter, any business at all?

  • Guest3293 says:

    Yes, I do know why corporations are in business….to make money of course!!! But, Wells Fargo’s (and I am sure other banks did as well according to their size)income for the first quarter of 2011 was 3.8 billion dollars. So go figure!!!! Therefore, quit hounding the customers about buying more products.

  • Guest6969696969 says:

    It would be a much better story, letting Customers AND American’s KNOW about BOTH these banks FRAUD and Deception, IN ADDITION TO; getting *fined* for ILLEGALY Laundering drug Cartel’s drung Monies…
    OH WAIT! They are To BIG to Fail right! Otherwize, “Untouchable”, and NO PREP Walks for the BANKSTAS that caused Americas Housing crises….. Ya’ll are being to easy on’em…..
    Tarred and Feathered are to good for’em…

  • Guest757 says:

    I have been a Wachovia customer for many many years. Since the Wells Fargo buyout I have noticed all the branches keep asking customers about getting other services. They even started calling at home. If I want the debit card or other savings accounts I will come to them. STOP the harassment. I am starting to feel like a number to Wells Fargo..

  • Guest333 says:

    You were a loyal and valuable customer to Wachovia.

    It is a new day and you got stuck with a new bank who appears to be a bully.

    Life’s too short! Who needs their telemarketing during dinnertime?

    There are lots of good banks and Credit Unions in town who don’t harrass their valued customers!

  • Guest3293 says:

    You know, I agree with you whole heartedly. Banks, oil, and insurance companies are making more money today than any other businesses. They are all about greed and do not care what they put their customers or employees through to sell their products. I worked for a bank for 28 years and I know how they pressure their employees into selling products. They make the big bucks, but “due to the economy” they cannot offer their employees an increase in salary.

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