First Union

Acquired

First Union Corporation was a Charlotte-based U.S. banking company that later became Wachovia.

Founded

1908

First Union Corporation was a Charlotte-headquartered banking company whose history began with Union National Bank in 1908. It provided commercial and retail banking across the eastern United States, along with mortgage, credit, investment, and related financial services. Its private-equity activity operated through an affiliated subsidiary.

First Union expanded through banking combinations, including the 1958 merger that formed First Union National Bank of North Carolina. In September 2001, it completed a merger with Wachovia National Bank and adopted the Wachovia name. The Wachovia organization later became part of Wells Fargo.