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Wells Fargo name replacing Wachovia

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

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

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