Wachovia-Westcorp Deal gets Final Approval
Wachovia Corp. has cleared the last regulatory hurdle to acquire Westcorp.
In September, Charlotte-based Wachovia announced it planned to purchase the California auto finance company and its subsidiary, WFS Financial Inc., for $3.9 billion.
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The Office of the Comptroller of the Currency has approved both the conversion of Western Financial Bank, a division of WFS Financial, from a federal savings association to a national banking association and the merger of Wachovia Bank with the converted institution.
For this complete story, please visit Wachovia-Westcorp Deal gets Final Approval.
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