TITLE

Spate of Big Bank Mergers to Continue

AUTHOR(S)
Friedlander, Josh
PUB. DATE
June 2004
SOURCE
Investment Dealers' Digest;6/28/2004, Vol. 70 Issue 26, p47
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the plan of Wachovia Corp. to acquire SouthTrust Corp. in the U.S. Impact of continued consolidation on the banking sector; Total amount of the acquisition; Services offered by the companies.
ACCESSION #
13589384

 

Related Articles

  • SouthTrust Reps Optimistic About Wachovia Acquisition. Hintze, John // Bank Investment Consultant;Aug2004, Vol. 12 Issue 8, p8 

    Focuses on the planned acquisition of SouthTrust Bank by Wachovia Bank in the U.S. Claim of a SouthTrust insider that the company's financial advisors will not be fired; Information on the activities of Wachovia; Expectation of SouthTrust representatives on the array of investment products and...

  • Deal Boosts Wachovia's Share.  // National Mortgage News;6/28/2004, Vol. 28 Issue 40, p1 

    Reports on the merger between U.S.-based banking companies Wachovia Corp. and SouthTrust Corp. Details of the purchase agreement; Company background; Impact on the home mortgage businesses of the companies; Impact of the merger on the banking industry.

  • Wachovia Wealth Exec Eyes New Markets, Again. Ackermann, Matt // American Banker;12/14/2004, Vol. 169 Issue 238, p1 

    Focuses on Wachovia Corp. executive Linda Bowden. Addition of new markets; New position overseeing fifty-five of the companies' wealth management teams; New markets in Alabama and Texas added through the acquisition of SouthTrust Corporation; Expansion of wealth management groups due to the...

  • Debating How Ala. Customers Will Greet Wachovia. Reosti, John // American Banker;6/25/2004, Vol. 169 Issue 122, p1 

    Discusses the significance of Wachovia Corp.'s multi-billion dollar deal for SouthTrust Corp. Implications of the deal for community banks; Comments of Steven R. Glasscock, president and chief executive officer of Merchants Financial Services Inc.; Acquisitions of large local banks by...

  • SouthTrust Corp., Wachovia Corp. Complete Merger. Sigo, Shelly // Bond Buyer;11/2/2004, Vol. 350 Issue 32002, p6 

    Reports on the merger between banking companies, SouthTrust Corp. and Wachovia Corp. in the U.S. Terms of the agreement; Total holdings of SouthTrust Corp.; Approval granted for the merger by the U.S. Federal Reserve Board.

  • What's Behind Wachovia Split of Bank Leadership. Boraks, David // American Banker;7/12/2004, Vol. 169 Issue 132, p1 

    Discusses reasons behind Wachovia Corp.'s plans to split its consumer and commercial banking operation into two regions. Acquisition of SouthTrust Corp.; Willingness to retain some of SouthTrust's high-level personnel; Creation of an additional layer of management that would allow it to retain...

  • Wachovia Making Waves in Southeast. Boraks, David // American Banker;6/22/2004, Vol. 169 Issue 119, p1 

    Wachovia Corp.'s deal for regional rival SouthTrust Corp. of Birmingham, Alabama, is not the national megadeal some were expecting, but rather a way of solidifying its demographics and dominance in the Southeast. But the $14.3 billion price surprised analysts who said Wachovia is skating close...

  • Wachovia Closing 174 Branches in June. Boraks, David // American Banker;3/2/2005, Vol. 170 Issue 41, p20 

    Reports that Wachovia Corp. will close branches in five southeastern states in June 2005 as it absorbs the 700 it inherited when it bought SouthTrust Corp. in November 2004. Details of the closures; Consideration of the sale of the closed branches to American Financial Realty Trust.

  • Available Soon: Fla. Property. Osuri, Laura Thompson // American Banker;7/27/2004, Vol. 169 Issue 143, p1 

    Discusses the outlook for community banks that want to expand in Florida. Growth of BankUnited Financial Corp., despite competition for prime sites; How the Wachovia Corp. deal to buy SouthTrust Corp. can benefit Florida business; The desirable location of SouthTrust branch offices; Views of...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sign out of this library

Other Topics