Wachovia Online Banking System Merger With Wells Fargo Bank

Wells Fargo-Wachovia Online Banking System merger completed ( breaking news )

JAKARTA - Merger Wells Fargo Bank NA (Wells Fargo Bank) and Wachovia Bank NA (Wachovia Bank) has been completed. The merger has been held on 20 March.

"With this we announced on March 20, 2010 merger of Wells Fargo Bank NA (Wells Fargo Bank) and  Wachovia Online Banking System has been completed," said company management, in a written statement published in Jakarta, Tuesday (30 / 3 / 2010).


Therefore, since March 20, 2010, Wachovia Online Banking System had merged into Wells Fargo Bank. "All property, rights, interests and properties owned by Wachovia Bank has been legally transferred to and owned by Wells Fargo Bank as the recipient of a merger," he said.

After the merger, but only after obtaining approval from Bank Indonesia (BI) in connection with the change of name, Wachovia Online Banking System representative office in Indonesia will operate under the name Wells Fargo Bank.

Just to remind, Wells Fargo & Co. is a company which has diversified business-related services in the financial sector with a range of company operations is the entire world. Wells Fargo is the fourth largest bank in the United States based on assets owned, and also the second-largest bank by market capitalization. And is the only bank in the U.S. who have earned AAA ratings from S & P.

This company has its headquarters in San Francisco, California. Wells Fargo is a result of the merger of the company (merger) between Wells Fargo, based in California with Norwest Corporation, based in Minneapolis

in 1998.

Company as a result of this merger of Wells Fargo chose the name as a corporate merger, this is based on Wells Fargo track record that has stood for more than 150 years.

Wells Fargo in the banking world has a nickname as "The World's Safest U.S. Bank" because it's based in a fairly long period of time this company can maintain the rating given by Fitch Ratings and Standard & Poor's still good.

This company also has a fairly good rating of savings deposits that are recognized by Moody's Investors at the 2007 Up to 2009 Wells Fargo has 6650 retail branch offices, 12,260 ATMs, 276 thousand employees and has more than 48 million customers. On December 31, 2008 this company has also acquired against Wachovia Online Banking System that have a similar banking business.