The name of the Wachovia has come from Latin form of the German name Wachau.Wachovia is one of the largest commercial bank in United States. It is the 4th largest bank holding company US and second largest company in terms of numbers of branches. Wachovia Bank provides all varieties of financial services to its customers. Wachovia is one of the best financial service provider in United states. It is operating as Wachovia in more than 15 East coast states and in Washington D.C. The following are the services provided by Wachovia
- Banking
- Asset management
- Wealth Management
- Corporate and investment banking products and services.
It provides global services to the more than 40 offices around the world. In selected industries it serves many retail brokerage clients and investment banking clients around the nation. Wachovia was first introduced by the merger of the legacy Wachovia Corporation and First Union Corporation.
On survey they found that, there are approximately 97,000 employees working for Wachovia Bank and it has customers, for about 14 million households and businesses and there are more than 4 million active online customers. There are about 4,000 financial centers and more than 730 retail brokerage offices and more than 10,000 registered staff available with Wachovia.
According to many resources, Wachovia is planning to purchase Western Financial Bank by entering into california market which increases it branches in southern california and which will also increase in many aspects likethe size of the Wachovia's dealer financial services business by making it as the 9th largest auto loan originator, credit card division and many more.
