WFC.MI analysis
Key facts
First Union Corporation, with headquarters in Charlotte, North Carolina, is the nation's sixth largest banking company based on assets of $258 billion at June 30, 2000. They have the largest domestic deposit share from Florida to Connecticut. First Union has a nationwide presence as the sixth largest securities brokerage company, based on more than 7,000 Series 6 and Series 7 registered representatives. They are advisors to the nation's 20th largest mutual fund complex. They are among the nation's largest middle-market commercial lenders. Their goal is to complement their traditional banking products with a completely integrated selection of investment banking, brokerage and asset management products and services. They rank among the Top 10 in several key Capital Markets products and services, including asset securitizations, leveraged finance and loan syndication transactions. First Union also has sizable small business and cash management operations, which rank among the Top 3 nationwide. First Union serves 15 million customers. Customers may access their account information and purchase financial products at any of more than 2,200 retail offices (the nation's third largest branch network); nearly 3,800 automated teller machines (the nation's fourth largest ATM network).
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