LYCOS RETRIEVER
Wachovia Corporation: United States
built 209 days ago
Wachovia Corporation (NYSE:WB), created through the September 1, 2001, merger of First Union Corporation and Wachovia Corporation, had assets of $334 billion and stockholder's equity of $32 billion at September 30, 2002. Wachovia is a leading provider of financial services to 20 million retail, brokerage, and corporate customers throughout the East Coast and the nation. The company operates full-service banking offices under the First Union and Wachovia names in 11 East Coast states and Washington, D.C., and offers full-service brokerage with offices in 49 states and global services through more than 30 international offices. Online financial services are available through wachovia.com and firstunion.com.
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Wachovia Mortgage Corporation is a nationwide lender that offers a full array of mortgage and home equity products and services for home purchase and refinance. The company addresses the unique lending needs of customers in various stages of their lives through a variety of origination channels. Wachovia retail sales forces are located in Wachovia mortgage offices and financial centers in 39 states and Washington, D.C. Third-party mortgage brokers offer Wachovia mortgage products throughout the United States. In addition, Wachovia Mortgage's Direct Lending group offers mortgage products and services through telephone, direct mail and the internet. In 2007, Wachovia was ranked No. 1 in overall customer satisfaction in J.D. Power and Associates' Mortgage Loan Origination and Home Equity Line/Loan Origination Studies.
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Wachovia Capital Partners ("WCP") is the private equity and mezzanine investing arm of Wachovia Corporation, the fourth largest bank holding company in the United States. Since WCP's inception in 1988, it has invested over $3 billion in capital in over 200 middle market companies and has generated consistently high returns on invested capital. WCP's current investment portfolio is nearly $1 billion and WCP expects to invest $250 to $350 million annually. As a result, WCP can provide its portfolio companies with significant capital both at the time of initial investment and in support of future growth opportunities.
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Evergreen Investments is the brand name under which Wachovia Corporation (WB) conducts its investment management business. Wachovia Global Asset Management is the brand name under which Evergreen Investments conducts sales and distribution business outside of the United States. Evergreen serves more than four million individual and institutional investors through a broad range of investment products. Led by 300 investment professionals, Evergreen strives to meet client investment objectives through disciplined, team-based asset management. Evergreen manages more than $274 billion in assets (as of December 31, 2007). Please visit EvergreenInvestments.com for more information about Evergreen Investments.
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