ATLANTA (AP) - Wells Fargo & Co. says it has completed its $12.7
billion all-stock purchase of Wachovia Corp.
The purchase creates a coast-to-coast bank and it gives Wells Fargo a banking presence in Southeastern states, including Alabama, for the first time.
There do not appear to be any plans to immediately change the Wachovia name to Wells Fargo. A November regulatory filing said the
plan to integrate Wells Fargo and Wachovia operations was still being developed.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
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