Wachovia Corp.
One Wachovia Center
Charlotte, NC 28288-0013
Phone: 704-374-6565
http://www.wachovia.com
DETAILS
Index Membership: S&P 500
S&P 1500 Super Comp
Sector: Financial
Industry: Money Center Banks
Full Time Employees: 93,980
BUSINESS SUMMARY
Wachovia Corporation operates as a bank holding company. It engages in capital management, the general bank, wealth management, and the corporate and investment bank businesses. The company provides various commercial and retail banking, and trust services through full-service banking offices in the United States. It offers checking, savings, check card, foreign currency, annuities, life insurance, brokerage account transfers, CAP accounts, individual retirement accounts, credit cards, home equity, mortgage, hazard and flood insurance, escrow, taxes, private mortgage insurance, education loans, online services, online banking, online bill pay, and online brokerage services. The company also provides various other financial services, including mortgage banking, investment banking, estate planning, investment advisory, asset management, credit and debit card products, trust services, charitable services, mortgage banking, asset-based lending, leasing, insurance, and international and securities brokerage services. In addition, it engages in equity and debt underwriting activities, private equity investment activities, derivative securities activities, investment and wealth management advisory businesses, and brokerage activities. As of June 1, 2006, Wachovia operated 3,159 offices in 16 states, as well as operated 40 offices internationally. It had assets of approximately $541.8 billion, as of the above date. Wachovia was founded in 1879 and is headquartered in Charlotte, North Carolina.