Wachovia will change 22,000 signs in Florida this weekend.18, Wachovia will have 650 branches and 800 ATMs throughout the state. I have been a loyal customer of Wells Fargo when it was Wachovia and the. As part of the merger between First Union and Wachovia, First Union banks in Florida will go through physical changes this weekend. I closed all my accounts with Wells Fargo after being a customer for 15 years.Joe Coombs can be reached at (352) 338-3102 or of merger A lot of people who were bought out by larger banks made some money off the sales and decided to go at it again on their own.' We've actually seen an enormous wave of small banks that have formed during the last six years. 'There are some second-tier mergers going on, but not too many. '(First Union/Wachovia) is the first mega-merger in a while,' Townsend said. During that period of strong financial growth, many large institutions snapped up smaller banks and thrifts along the East Coast. The combined Wachovia entity is the nation's fourth-largest bank, with $325 billion in assets.īanking merger activity in Florida has slowed considerably since the late 1990s, said Linda Townsend, the Tallahassee bureau chief for the state Department of Banking and Finance. 'And First Union customers will also have more choices.'įirst Union and Wachovia's merger became official in September 2001, and the current changes are part of a three-year consolidation plan. 'Wachovia customers in Florida who previously had access to only 50 offices will now have 650 branches around the state,' she said.

However, even with the closings, the combined bank's customers will have access to more locations to conduct banking, Navarro said. Closings will occur at various locations in Winter Park, Tampa, and Brevard, Palm Beach and Broward counties. The consolidation of First Union and Wachovia will result in the closing of 29 branches in Florida, but none in the state's North Central region.

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