Acquisition History / First Union / Wachovia

First Union Acquires Wachovia

Announced January 2001 — $13.40B

First Union2001

What happened

Wachovia was a company, acquired by First Union for $13.4 billion.

Acquirer
First Union
Target
Wachovia
Announced
January 2001
Price
$13.40B
Buyer type
Strategic acquirer
Status
Closed

By the numbers

First Union's acquisition history
2nd of 2 tracked deals
Disclosed prices
2 of 2 First Union deals
First Union's average disclosed price
$15.25B
First Union's largest disclosed deal
CoreStates Financial Corporation (Including predecessor Bank of North America, the first bank in the United States) ($17.10B)
Tracked acquisitions in 2001
47 across all acquirers

Frequently Asked Questions About This Acquisition

When did First Union acquire Wachovia?

First Union acquired Wachovia on January 2001. This was First Union's 2nd publicly tracked acquisition out of 2 we have on record.

How much did First Union pay for Wachovia?

First Union paid $13.40B for Wachovia.

What does Wachovia do?

Wachovia was a company, acquired by First Union for $13.4 billion.

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More First Union acquisitions

See all 2 First Union acquisitions →