First Union Corporation (extinct)

First Union Corporation (extinct)

First Union Corporation (extinct)

Overview
Date Founded

1908

Headquarters

One First Union Center,Charlotte, NC 28288

Type of Company

Private

Industries

Holding Companies
Retail: Other
Retail & Commercial Banking
Consumer Finance

Company Description

First Union Corporation, with headquarters in Charlotte, North Carolina, is the nation's sixth largest banking company based on assets of $258 billion at June 30, 2000. They have the largest domestic deposit share from Florida to Connecticut. First Union has a nationwide presence as the sixth largest securities brokerage company, based on more than 7,000 Series 6 and Series 7 registered representatives. They are advisors to the nation's 20th largest mutual fund complex. They are among the nation's largest middle-market commercial lenders. Their goal is to complement their traditional banking products with a completely integrated selection of investment banking, brokerage and asset management products and services. They rank among the Top 10 in several key Capital Markets products and services, including asset securitizations, leveraged finance and loan syndication transactions. First Union also has sizable small business and cash management operations, which rank among the Top 3 nationwide. First Union serves 15 million customers. Customers may access their account information and purchase financial products at any of more than 2,200 retail offices (the nation's third largest branch network); nearly 3,800 automated teller machines (the nation's fourth largest ATM network).

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Recent Transactions
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Wachovia Corp. (Inactive) purchases First Union Corporation resulting in a new company Wachovia Corporation

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Evergreen Investment Services, Inc. purchases First Union Corporation

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RailWorks Corp. issued USD Common Stock

Transaction Clients
Escrow Agent

Advised on Midway Airlines Corp. issued USD Common Stock

Escrow Agent

Advised on RailWorks Corp. issued USD Common Stock

Advised on Titan Exploration, Inc. issued Common Stock

Transaction Advisors
Accountant

Advised onWachovia Corp. (Inactive) purchases First Union Corporation resulting in a new company Wachovia Corporation

Legal Advisor

Advised onWachovia Corp. (Inactive) purchases First Union Corporation resulting in a new company Wachovia Corporation

Investment Advisor

Advised onWachovia Corp. (Inactive) purchases First Union Corporation resulting in a new company Wachovia Corporation

Advisors & Consultants
Legal Advisor

Counsel at Davis Polk & Wardwell LLP

Non-Profit Donations & Grants
$5,000 - $10K
1999
Investments
Details Hidden

Adhesion Wealth Advisor Solutions, Inc. provides wealth advisor solutions to independent financial advisors and wealth managers. The firm offers WealthADV, an investment operations platform that provides unified managed accounts, and overlay and tax-optimized portfolio management, investment program designing and administration, client reporting, and managed back office services. The company was founded by Trey Reinhard in 1999 and is headquartered in Charlotte, NC.

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