First Union

First Union Corporation

Company type	Public
Traded as	NYSE: FTU[1]
Industry	Banking
Founded	June 2, 1908; 116 years ago (1908-06-02)
Founder	H.M. Victor
Defunct	September 4, 2001; 23 years ago (2001-09-04)
Fate	Acquired Wachovia National Bank to become Wachovia Corporation; assuming the name of the former company
Successor	Wells Fargo (formerly Wachovia)
Headquarters	Charlotte, North Carolina, U.S.
Areas served	2,193 branches in 11 states[2]
Products	Financial services
Total assets	$171 billion[2]
Number of employees	71,262[2]
Subsidiaries	CoreStates Financial Wachovia National Bank
Website	www.firstunion.com

First Union Corporation was a bank holding company that provided commercial and retail banking services in eleven states in the eastern U.S. First Union also provided various other financial services, including mortgage banking, credit card, investment banking (First Union Securities), investment advisory, home equity lending, asset-based lending, leasing, insurance, international and securities brokerage services and private equity through First Union Capital Partners, and through other subsidiaries.

In September 2001, First Union completed their acquisition of Wachovia National Bank to become Wachovia Corporation, which used to be one of the largest financial holding companies in the U.S. As of the end of 2000, First Union had over $171 billion of total assets, over 70,000 employees and 2,193 branches.^[2] After their acquisition of Wachovia, they assumed the name and stock ticket symbol of the latter company.