First Union Corporation

E913600

First Union Corporation was a major American bank holding company that grew rapidly through mergers and acquisitions before ultimately becoming part of Wachovia and then Wells Fargo.

All labels observed (2)

How this entity was disambiguated

Statements (43)

Predicate Object
instanceOf bank holding company
defunct company
acquiredBy Wachovia Corporation
linked to: Wachovia
country United States
dissolvedInto Wachovia Corporation
linked to: Wachovia
fate merged into Wachovia Corporation
linked to: Wachovia
grewBy mergers and acquisitions
hasBusinessModel diversified financial services company
multi-state regional bank
hasFormerName First Union National Bank (core banking unit)
hasLegacy contributed branch network to Wachovia
contributed customer base to Wells Fargo through subsequent mergers
hasMajorEvent merger with Wachovia announced in 2001
rebranded under Wachovia name after merger
hasSuccessorBankBrand Wachovia
hasUltimateSuccessorBankBrand Wells Fargo
headquartersLocation Charlotte, North Carolina
industry banking
financial services
listedOn New York Stock Exchange
locatedInTheAdministrativeTerritorialEntity North Carolina
United States
mergedWith Wachovia Corporation
linked to: Wachovia
notableFor aggressive acquisition strategy
rapid expansion in the 1980s and 1990s
operatedIn asset management
capital markets
commercial banking
investment banking
mortgage lending
retail banking
trust services
partOf U.S. banking consolidation wave of the 1990s
history of Wells Fargo
regulator Federal Deposit Insurance Corporation
Federal Reserve System
serviceArea Mid-Atlantic United States
linked to: Mid-Atlantic states

Southeastern United States
United States
successor Wachovia Corporation
linked to: Wachovia
tickerSymbol FTU
typeOfEnterprise public company
ultimateSuccessor Wells Fargo & Company
linked to: Wells Fargo

How these facts were elicited

Referenced by (8)

Full triples — surface form annotated when it differs from this entity's canonical label.

First Union Spectrum sponsoredBy First Union Corporation
First Union Spectrum hasNamingRightsHolder First Union Corporation
CoreStates Financial Corporation acquiredBy First Union Corporation
CoreStates Financial Corporation successor First Union Corporation
First Union Corporation hasFormerName First Union National Bank (core banking unit)
linked to: First Union Corporation
Wachovia predecessor First Union Corporation
Wachovia formedByMergerOf First Union Corporation
First Union Center sponsoredBy First Union Corporation