The Federal Trade Commission has cleared the way for First Union to acquire Wachovia. Wachovia appeared in Charlottesville in October of 1997, when they purchased the local folks, Jefferson National Bank. Customers and employees alike fled en masse, so presumably the folks that are with Wachovia now won’t mind being shuffled over to Yet Another Conglomerate.
One thought on “First Union Cleared to Acquire Wachovia”
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I believe I’ll be sticking with Virginia National Bank.
-Waldo