Who owns Wachovia banks?

Answer Wachovia banks were purchased by Wells Fargo in December 2008. The two companies are still in the process of combining, but all Wachovia banks should undergo name changes to Wells Fargo by the end ... Read More »

Top Q&A For: Who owns Wachovia banks

Who owns HSBC banks?

HSBC North America Holdings Inc. owns HSBC Bank. The bank has 3 million customers and branches in New York, Florida, California, Delaware, Pennsylvania, Oregon, Washington state and Washington, D.C... Read More »

Why do banks loan money to other banks?

Banks loan money to other banks to maximize returns on excess funds and to comply with reserve requirements imposed by the government. Since banks try to maximize the return on all deposits, lendin... Read More »

What is Wachovia?

Wachovia Corp. was a banking company that had its headquarters in Charlotte, North Carolina. The company was in business for more than 120 years before it was bought out in 2008 by Wells Fargo & Co... Read More »

Who established Wachovia Bank?

Wachovia Bank was established in 1879 by William A. Lemly. Lemly previously had a bank in Salem, North Carolina, but named his bank Wachovia when he relocated to Winston. As of July 2010, Wachovia ... Read More »