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Wachovia
based in Charlotte, North Carolina is one of the largest banking chains in the United States. Wachovia, pronounced wah-KO-vee-yah, has one of the most unusual corporate names in the United States. The origin of the name is the Latin form of the German name Wachau. When Moravian settlers arrived in Bethabara, North Carolina in 1753, they gave this name to the land they acquired, because it resembled a valley along the Danube River called Der Wachau. The area formerly known as Bethabara is now inside the city limits of Winston-Salem, North Carolina. Today's Wachovia Corporation was created by the merger of the legacy Wachovia Corporation and First Union Corporation. While the transaction was billed as a merger of equals, the transaction was actually a purchase of the legacy Wachovia by Charlotte-based First Union Corporation. First Union then took the Wachovia name. Visit at: website |
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- Park Ave
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