Published: Monday, May. 16, 2011 – 7:23 am
CHARLOTTE, N.C. — San Francisco-based Wells Fargo is putting its name on the Charlotte-based Wachovia banks it has taken over on the East Coast.
The Charlotte Observer reported the Wells Fargo name will go on Wachovia banks in Virginia in August, followed by Maryland, South Carolina and Washington D.C., in September.
The changeover will hit North Carolina branches in October.
The changes affect 868 branches, nearly 1,500 ATMs, and more than 47,000 employees.
Wells Fargo is second in deposits in North Carolina, with 21 percent of the market.
Wells Fargo agreed to buy Wachovia as at the peak of the financial crisis in the fall of 2008.
Branches in the West, Northeast and parts of the Southeast have already changed; Florida switches in June and July.
Article found at: http://www.sacbee.com/2011/05/16/3629463/wells-fargo-name-replacing-wachovia.html
Tags: Automated teller machine, Charlotte North Carolina, Charlotte Observer, North Carolina, South Carolina, Wachovia, Washington D.C., Wells Fargo
Posted in General
Construction spending during February declined 1.4 percent compared with January and 6.8 percent compared with a year earlier, according to the U.S. Census Bureau and the Dept. of Commerce.
During the first two months of 2011, construction spending amounted to $103.7 billion, 8.2 percent below the $112.9 billion for the same period in 2010.
Spending on residential construction was at a seasonally adjusted annual rate of $228.5 billion in February, 3.7 percent less than the revised January estimate of $237.2 billion.
More info
Tags: 2010 United States Census, Business, Chase's Calendar of Events, PR Newswire, U.S. Census Bureau, United States, United States Census Bureau, Washington D.C.
Posted in General
In California, pending home sales were up in January, giving a hopeful outlook for future sales, according to the CALIFORNIA ASSOCIATION OF REALTORS®.
Read the full story
Tags: California, Midwestern United States, Mortgage loan, National Association of Realtors, Real Estate, Trade association, United States, Washington D.C.
Posted in General
Home affordability returned to pre-bubble levels in a growing number of U.S. markets over the past year as price declines laid the groundwork for a housing recovery.
Read the full story
Tags: Affordable housing, Business, Mark Zandi, Moodys, Real Estate, Real estate bubble, Real estate pricing, Washington D.C.
Posted in General
