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Wachovia
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 final Wachovia branches were converted ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First Union
First Union Corporation was a bank holding company that provided commercial bank, commercial and retail banking services in eleven states in the Eastern United States, eastern U.S. First Union also provided various other financial services, including mortgage banking, credit card, investment banking (First Union Securities), investment advisory, home equity lending, asset-based lending, leasing, insurance, international and securities brokerage services and private equity through First Union Capital Partners, and through other subsidiaries. In September 2001, First Union completed their acquisition of Wachovia National Bank to become Wachovia Corporation, which used to be one of the largest financial holding companies in the U.S. As of the end of 2000, First Union had over $171 billion of total assets, over 70,000 employees and 2,193 branches. After their acquisition of Wachovia, they assumed the name and stock ticket symbol of the latter company. History First Union Corporatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wachovia Securities
Wachovia Securities was the trade name of Wachovia's retail brokerage and institutional capital markets and investment banking subsidiaries. Following Wachovia's merger with Wells Fargo and Company on December 31, 2008, the retail brokerage became Wells Fargo Advisors on May 1, 2009 and the institutional capital markets and investment banking group became Wells Fargo Securities on July 6, 2009. Retail brokerage Wachovia Securities grew through the mergers of multiple companies. Its oldest predecessor company, Leopold Cahn & Co. was founded in 1879. One of main Wachovia Securities' predecessor companies was founded in 1934 as the investment firm of J.C. Wheat & Co. Wheat fostered growth through mergers, including the 1971 merger with First Securities that created Wheat First Securities, Inc. and the 1988 merger with Butcher & Singer, a successful Philadelphia-based securities firm established in 1910; the firm then became known as Wheat First Butcher Singer. In August 1997, ... [...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 priva ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wells Fargo
Wells Fargo & Company is an American multinational financial services company with a significant global presence. The company operates in 35 countries and serves over 70 million customers worldwide. It is a systemically important financial institution according to the Financial Stability Board, and is considered one of the "Big Four (banking)#United States, Big Four Banks" in the United States, alongside JPMorgan Chase, Bank of America, and Citigroup. The company's primary subsidiary is Wells Fargo Bank, N.A., a National bank (United States), national bank that designates its Sioux Falls, South Dakota, site as its main office (and therefore is treated by most U.S. federal courts as a citizen of South Dakota).Rouse v. Wachovia Mortgage, FSB', 747 F.3d 707 (9th Cir. 2014) (citing cases on each side of circuit split and joining majority rule that a national bank is only a citizen of the state in which its main office is located). It is the List of largest banks in the U ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Winston-Salem, North Carolina
Winston-Salem is a city in Forsyth County, North Carolina, United States, and its county seat. At the 2020 United States census, 2020 census, the population was 249,545, making it the List of municipalities in North Carolina, fifth-most populous city in North Carolina and the List of United States cities by population, 91st-most populous city in the United States. The population of the Winston-Salem Metropolitan statistical area, metropolitan area was estimated to be 695,630 in 2023. It is the second-most populous city in North Carolina's Piedmont Triad region, home to about 1.7 million residents. Winston-Salem is called the "Twin City" for its dual heritage, and the "Camel City" as a reference to the city's historic involvement in the tobacco industry related to locally based R. J. Reynolds Tobacco Company, R. J. Reynolds' Camel (cigarette), Camel cigarettes. Many North Carolina, North Carolinians refer to the city as "Winston" in informal speech. Winston-Salem is also home to si ... [...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 b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Moravian Church
The Moravian Church, or the Moravian Brethren ( or ), formally the (Latin: "Unity of the Brethren"), is one of the oldest Protestant denominations in Christianity, dating back to the Bohemian Reformation of the 15th century and the original Unity of the Brethren () founded in the Kingdom of Bohemia, sixty years before Martin Luther's Reformation. The church's heritage can be traced to 1457 and the Lands of the Bohemian Crown, which included Bohemia, Moravia, Silesia, and previously the Hussite movement against several practices and doctrines of the Catholic Church. Its name is derived from exiles who fled from Moravia to Saxony in 1722 to escape the Counter-Reformation, establishing the Christian community of Herrnhut. Hence, it is also known in German as the ("Unity of Brethren f Herrnhut). The modern has about one million members worldwide, continuing their tradition of missionary work, such as in the Americas and Africa, which is reflected in their broad g ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asheville, North Carolina
Asheville ( ) is a city in Buncombe County, North Carolina, United States. Located at the confluence of the French Broad River, French Broad and Swannanoa River, Swannanoa rivers, it is the county seat of Buncombe County. It is the most populous city in Western North Carolina and the state's List of municipalities in North Carolina, 11th-most-populous city with a population of 94,589 at the 2020 United States census, 2020 census. The four-county Asheville metropolitan area has an estimated 422,000 residents. History Origins Before the arrival of the European colonization of the Americas, European Colonists, the land where Asheville now exists lay within the boundaries of the Cherokee Nation, which had homelands in modern Western North Carolina, western North and South Carolina, southeastern Tennessee, and northeastern Georgia (U.S. state), Georgia. A town at the site of the river confluence was recorded as ''Guaxule'' by Spanish explorer Hernando de Soto during his 1540 expedi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charlotte, North Carolina
Charlotte ( ) is the List of municipalities in North Carolina, most populous city in the U.S. state of North Carolina and the county seat of Mecklenburg County, North Carolina, Mecklenburg County. The population was 874,579 at the 2020 United States census, 2020 census, making Charlotte the List of United States cities by population, 14th-most populous city in the United States, the seventh-most populous city in Southern United States, the South, and the second-most populous city in the Southeastern United States, Southeast behind Jacksonville, Florida. Charlotte is the cultural, economic, and transportation center of the Charlotte metropolitan area, whose estimated 2023 population of 2,805,115 ranked Metropolitan statistical area, 22nd in the United States. The Charlotte metropolitan area is part of an 18-county market region and combined statistical area with an estimated population of 3,387,115 as of 2023. Between 2004 and 2014, Charlotte was among the country's fastest-grow ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wealth Management
Wealth management (WM) or wealth management advisory (WMA) is an investment advisory service that provides financial management and wealth advisory services to a wide array of clients ranging from affluent to high-net-worth (HNW) and ultra-high-net-worth (UHNW) individuals and families. It is a discipline which incorporates structuring and planning wealth to assist in growing, preserving, and protecting wealth, whilst passing it onto the family in a tax-efficient manner and in accordance with their wishes. Wealth management brings together tax planning, wealth protection, estate planning, succession planning, and family governance. Private wealth management Private wealth management is sought by high-net-worth investors. Generally, this includes advice on the use of various estate planning vehicles, business-succession or stock-option planning, and the occasional use of hedging derivatives for large blocks of stock. Traditionally, the wealthiest retail clients of investment ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Equity
Private equity (PE) is stock in a private company that does not offer stock to the general public; instead it is offered to specialized investment funds and limited partnerships that take an active role in the management and structuring of the companies. In casual usage "private equity" can refer to these investment firms rather than the companies in which they invest. Private-equity capital (economics), capital is invested into a target company either by an investment management company (private equity firm), a venture capital fund, or an angel investor; each category of investor has specific financial goals, management preferences, and investment strategies for profiting from their investments. Private equity can provide working capital to finance a target company's expansion, including the development of new products and services, operational restructuring, management changes, and shifts in ownership and control. As a financial product, a private-equity fund is private capital ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
