Wachovia Branches Due To Close

Last year Wells Fargo took over Wachovia. Typical with a merger, takeover, or acquisition one of the parties losses employees and/or branches (locations). The Wells Fargo / Wachovia merging is no different. There are 14 Wachovia branches in the Colorado area due to close. The official renaming of Wachovia Bank to Wells Fargo will begin in November 2009. Will there be more Wachovia closures? Some reports suggest, Wachovia branches close to existing Wells Fargo branches may be on the closure list.

There are six states where Wachovia and Wells Fargo have overlapping branches: Colorado, California, Arizona, Illinois, Nevada, and Texas. However, on the other side of the coin Wells Fargo did not have branches in Alabama, Connecticut, Delaware, Florida, Georgia, Kansas, Maryland, Mississippi, New Jersey, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia, and Washington D.C. That’s 15 states.

Wells Fargo is traded on the NYSE. Its stock symbol is WFC. Wachovia’s stock symbol WB was retired on December 31, 2008.

Tweet This Post  Buzz This Post  Delicious This Post  Digg This Post  Stumble This Post 

Other Resources

• Selling and Buying A House Alternatives
• Citigroup Stock Price Raised To A Buy
• Bank Of America Branch Closings
• Is Your House Hard To Sell