RELEASE DATE: Release look: October 11, 2011
CONTACT: Shawnice Rogers 555-666-7789 or
Karla Rogers 555-666-7777
Email: Rogers.shawnice@gmail.com
Wells Fargo, Wachovia Agree to Merge
Creating Premier Coast-to-Coast fiscal Services Franchise
Without Government help.
Wells Fargo & and Wachovia Corporation give tongue to today they have signed a definitive stipulation for the merger of the two companies including all of Wachovias banking operations in a whole company transaction requiring no pecuniary assistance from the Federal Deposit Insurance Corporation (FDIC) or any other government agency.
We at Wachovia have bulky admiration and respect for the people and businesses at Wells Fargo and we be extremely pleased to join forces with this outstanding company, said Robert K. Steel, prexy and CEO of Wachovia Corp. Todays announcement creates one of the strongest pecuniary firms in the world and is great for all Wachovia : our shareholders, customers, colleagues and communities. This deal enables us to keep Wachovia intact and preserve the value of an integrated company, without government support.
The market presence and composition of our businesses, along with our inspection and repair-oriented cultures, are extraordinarily complementary and this combination creates great potential for sustained constancy and growth.
We know this has been a time of great uncertainty for Wachovia squad members and many of its customers as their company has gone through a very painful and challenging time of unprecedented spay in our industry, said Wells Fargo President and CEO prat Stumpf. We want to assure them well do everything we can to make the consolidation of our operations as smooth as viable. An important footprint of success for this integration will be our ability to extend as many of the talented Wachovia team members as possible so they can continue to provide outstanding service and financial advice to their...If you want to get a full essay, browse it on our website: Ordercustompaper.com
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