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First Union-Wachovia Merger
Wachovia was a diversified financial services company based in Charlotte, North Carolina. Before its acquisition by Wells Fargo and Company in 2008, Wachovia was the fourth-largest bank holding company in the United States, based on total assets. Wachovia provided a broad range of banking, asset management, wealth management, and corporate and investment banking products and services. At its height, it was one of the largest providers of financial services in the United States, operating financial centers in 21 states and Washington, D.C., with locations from Connecticut to Florida and west to California. Wachovia provided global services through more than 40 offices around the world. The acquisition of Wachovia by Wells Fargo was completed on December 31, 2008, after a government-forced sale to avoid Wachovia's failure. The Wachovia brand was absorbed into the Wells Fargo brand in a process that lasted three years. On October 15, 2011, the last Wachovia branches in North Carol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Winston-Salem, North Carolina
Winston-Salem is a city and the county seat of Forsyth County, North Carolina, United States. In the 2020 census, the population was 249,545, making it the second-largest municipality in the Piedmont Triad region, the 5th most populous city in North Carolina, the third-largest urban area in North Carolina, and the 90th most populous city in the United States. With a metropolitan population of 679,948 it is the fourth largest metropolitan area in North Carolina. Winston-Salem is home to the tallest office building in the region, 100 North Main Street, formerly known as the Wachovia Building and now known locally as the Wells Fargo Center. In 2003, the Greensboro-Winston-Salem-High Point metropolitan statistical area was redefined by the OMB and separated into the two major metropolitan areas of Winston-Salem and Greensboro-High Point. The population of the Winston-Salem metropolitan area in 2020 was 679,948. The metro area covers over 2,000 square miles and spans the five cou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Forsyth County, North Carolina
Forsyth County is located in the northwest Piedmont of the U.S. state of North Carolina. As of the 2020 census, the population was 382,590, making it the fourth-most populous county in North Carolina. Its county seat is Winston-Salem. Forsyth County is part of the Winston-Salem, NC, Metropolitan Statistical Area, which is also included in the Greensboro-Winston-Salem- High Point, NC, Combined Statistical Area. Portions of Forsyth County are in the Yadkin Valley wine region. History The county was formed in 1849 from Stokes County. It was named for Colonel Benjamin Forsyth, who was killed in the War of 1812. Geography According to the U.S. Census Bureau, the county is in the outer Appalachian Mountains, and has a total area of , of which is land and (1.1%) is water. The northeast section of Forsyth County, including Belews Creek and parts of Rural Hall, Walkertown, and Kernersville, is drained by tributaries of the Dan River. A small portion of Kernersville is in the Cap ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Danube
The Danube ( ; ) is a river that was once a long-standing frontier of the Roman Empire and today connects 10 European countries, running through their territories or being a border. Originating in Germany, the Danube flows southeast for , passing through or bordering Austria, Slovakia, Hungary, Croatia, Serbia, Romania, Bulgaria, Moldova, and Ukraine before draining into the Black Sea. Its drainage basin extends into nine more countries. The largest cities on the river are Vienna, Budapest, Belgrade and Bratislava, all of which are the capitals of their respective countries; the Danube passes through four capital cities, more than any other river in the world. Five more capital cities lie in the Danube's basin: Bucharest, Sofia, Zagreb, Ljubljana and Sarajevo. The fourth-largest city in its basin is Munich, the capital of Bavaria, standing on the Isar River. The Danube is the second-longest river in Europe, after the Volga in Russia. It flows through much of Central and Sou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Moravian Church
The Moravian Church ( cs, Moravská církev), or the Moravian Brethren, formally the (Latin: "Unity of the Brethren"), is one of the oldest Protestantism, Protestant Christian denomination, denominations in Christianity, dating back to the Bohemian Reformation of the 15th century and the History of the Moravian Church, Unity of the Brethren ( cs, Jednota bratrská, links=no) founded in the Kingdom of Bohemia, sixty years before Reformation, Luther's Reformation. The church's heritage can be traced to 1457 in Bohemian Crown territory, including its Lands of the Bohemian Crown, crown lands of Moravia and Silesia, which saw the emergence of the Hussite movement against several practices and doctrines of the Catholic Church. However, its name is derived from exiles who fled from Bohemia to Saxony in 1722 to escape the Counter-Reformation, establishing the Christian community of Herrnhut; hence it is also known in German language, German as the ("Unity of Brethren [of Herrnhut]"). T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wachau
The Wachau () is an Austrian valley with a picturesque landscape formed by the Danube river. It is one of the most prominent tourist destinations of Lower Austria, located midway between the towns of Melk and Krems that also attracts "connoisseurs and epicureans" for its high-quality wines. It is in length and was already settled in prehistoric times. A well-known place and tourist attraction is Dürnstein, where King Richard the Lionheart of England was held captive by Duke Leopold V of Austria and Styria. The architectural elegance of its ancient monasteries (Melk Abbey and Göttweig Abbey), castles and ruins combined with the urban architecture of its towns and villages, and the cultivation of vines as an important agricultural produce are the dominant features of the valley. The Wachau was inscribed as "Wachau Cultural Landscape" in the UNESCO List of World Heritage Sites in recognition of its architectural and agricultural history, in December 2000. History Ancient his ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Latin
Latin (, or , ) is a classical language belonging to the Italic branch of the Indo-European languages. Latin was originally a dialect spoken in the lower Tiber area (then known as Latium) around present-day Rome, but through the power of the Roman Republic it became the dominant language in the Italian region and subsequently throughout the Roman Empire. Even after the fall of Western Rome, Latin remained the common language of international communication, science, scholarship and academia in Europe until well into the 18th century, when other regional vernaculars (including its own descendants, the Romance languages) supplanted it in common academic and political usage, and it eventually became a dead language in the modern linguistic definition. Latin is a highly inflected language, with three distinct genders (masculine, feminine, and neuter), six or seven noun cases (nominative, accusative, genitive, dative, ablative, and vocative), five declensions, four verb conjuga ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asset-based Lending
Asset-based lending is any kind of lending secured by an asset. This means, if the loan is not repaid, the asset is taken. In this sense, a mortgage is an example of an asset-based loan. More commonly however, the phrase is used to describe lending to business and large corporations using assets not normally used in other loans. Typically, the different types of asset-based loans include accounts receivable financing, inventory financing, equipment financing, or real estate financing Asset-based lending in this more specific sense is possible only in certain countries whose legal systems allow borrowers to pledge such assets to lenders as collateral for loans (through the creation of enforceable security interests). Usage Asset-based lending is usually done when the normal routes of raising funds is not possible, such as the capital markets (selling bonds to investors) and normal unsecured or mortgage secured bank. This is often because the company has exhausted other capital raisin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wachovia Capital Partners
Pamlico Capital, which was formerly called First Union Capital Partners and then Wachovia Capital Partners, is an independent private equity firm focused on growth capital and leveraged buyout investments in middle-market companies in the business services, technology services, telecommunications and healthcare industries. The firm, which is based in Charlotte, North Carolina, was founded in 1988 as the private equity investment arm of First Union Corporation. The firm has invested approximately $3.8 billion in more than 200 companies since inception across two funds. The firm is named for the Pamlico Sound, which is located in North Carolina. Investments Among the firm's notable investments are Daxko, Dexter & Chaney, Lightower Fiber Networks, MetaMetrics, Secure-24, Service Express, symplr, TMW Systems and Wilcon. Spinout from Wells Fargo Founded as First Union Capital Partners in 1988, the firm served as the private equity investment arm of First Union, a commercial bank ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Equity
In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a type of ownership of assets ( financial equity) and is a class of assets (debt securities and equity securities), which function as modes of financial management for operating private companies that are not publicly traded in a stock exchange. Private-equity capital is invested into a target company either by an investment management company (private equity firm), or by a venture capital fund, or by an angel investor; each category of investor has specific financial goals, management preferences, and investment strategies for profiting from their investments. Each category of investor provides working capital to the target company to finance the expansion of the company with the development of new products and services, the restructuring ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Evergreen Investments
Evergreen Investments was the investment management business of Wachovia. The brand was merged into ''Wells Fargo Advantage Funds'' and subsequently phased out following Wells Fargo's acquisition of Wachovia. The brand was officially retired on July 20, 2010. Outside the United States, the sales and distribution business was conducted under the brand name of Wachovia Global Asset Management. Evergreen Investments had US$245.9 billion in assets under management, 83 mutual funds, 2.7 million mutual fund shareholders and 1,064 employees as of June 30, 2008. Evergreen ranked among America's 30 largest asset management companies and one of the top 25 largest mutual fund families. This mutual fund family promoted itself as a "broadly diversified asset management organization, with products and services distributed across several lines of business...managing diverse investments such as institutional portfolios, mutual funds, variable annuities, alternative investments and pri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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