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1. Write a report for wachovia based on all of the analyses would you recommend and have conducted. what do you recommend wachovia do in order to continue to grow?

4.1 Wachovia: "Watch Ovah Ya" Finances Wachovia Corporation (www.waciho is a diversified formed holding company Wachovia Corporation and it financial services company that provides a broad range of expanded within North Carolina in the 1970 banking, asset management, weal and corpo- Within hours of a 1985 US. Supreme Court ruling managemen rate and investment banking products and service Wachovia auowing regional interstate banking, Wachovia began merger is the fourth-largest financial services company in the United negotiations with First Atlanta, parent of the Finst National States and the third-largest brokcrage firm in the country. Bank of Atlanta (founded in 1865 by Alfred Austell, a friend. With over 95.000 cmployees, Wachovia is able to secve ul President Andrew Johnson). Within six months the com banking, brokerage, and corporate customers pcimarily on the panies had become First Wachovia. In 1991, after buying East Coast, as well as through investment banking offices South Carolina National Bank, the finm changed its name in selected locations Wachovia also has full-service retail back to Wachovia Corporation brokerage offices that serve customers undcr the Wachovia Wachovia's conservative lending policies insulated it from Secur es name in 49 states and Washington, D.C. Globa the recession of the late 1980s and early 1990s. In 1997 scrvices are provided through 33international offices Wachovia formed a global banking crvices division. In 1998 With over $490 billion in assets, it is said that Wachovia Wachovia entered undcrwriting and capital formation markcts Corporation knows how to "watch ovah ya" finances. Formed through a new subsidiary, Wachovia Capital Markets. Itbough n 2001 when East Coast banking heavyweight First Union Charlotte-based brokerage unterstate/Johnson Lane (now IL boughl venerable Wachovia and took thc smaller firm's name Wachovia) the next year. Wachovia crossed the MasorHDixon Wachovia is the fourth-largest bank in the United States Line in 1999 with the purchase of New York trust bank CFFIT behind Citigroup, JPMorgan Chase, and Bank ofAineica. BANK Holdings. In 2001 it sold its consumer credit card has more than 3,200 locations at offer retail and corporate portfolio to BANK ONE and added nearly 100 bank branches banking services in 16 castern and southern states, Wa n South Florida when it bought Republic Security. boasts prowess in wealth management (through subsidiary First Union, one of the progenitors of Wachovia, traces OFFITBANK) mutual funds (through Evergreen LITwestnent ts roots to the Union National Bank of Charlotte, North Managemen nsurance, and corporate finance. The com Carolina, formed in 1908. After acquiring First National pany moved deeper o the South with its $14.3 billion Bank & Trust of Asheville, it changed its name to Ftrst Union Purchase of South Trust in 2004, The company is not National Bankof North Carolina in 1958. In 1967 it formed a only doin well currently, with a promising future, b also has a holding company, First Union National Bancorp, which was Inteworthy history renamed First Union Corporation in 1975 1753 Lord Granvi m English nobleman owning Led by Edward Crutchfield, who became president i Vast tracts of North Carolina, invited a group of Moravian 1988 on strategy (partly spurred by its rivalry s acqui gious dissenters to settle hi and. They chose an area with crosstown competitor NationsBank, now Bank of reminiscent of a scenic part of Saxony Dear the Wach River. America) made it a powerhouse. Latinized name of hich was Wachovia, The immigrants In 199I, First Union bought the failed Southeast Banks called their settlement Salem and praspered until the civil from the FDIC. First Union assimilated more than 10 banks which sank the south's economy and dostroyed much of North Carolina's small bankin system. In 1866 Israel Lash between 1993 and 1996; orke of its largest trophies was First Fidelity. In 1998 bought brokerage Wheat First Butcher formed the First National Bank of Wnd in 1819 bis Singer and mergers and acquisitions adviser Bowles William Lemly moved the bank to Winston, which had b e a tobacco, textile, and furniture center. The move ccol Hollowell Conner & Co. It also moved more strongly into consumer finance with the purchase of The Mon Stort. required a new charter and a Dew name, wachovia Nalional The 1998 purchase of CoreStates Financial added more than 500 branches on the East Coa at the time was the Tobacco, supported Wachovia for decades. In 1968 the bank argest bank merger in history). However, was a rocky