News

Wachovia converts 4,500 First Union ATMs

August 18, 2003

CHARLOTTE, N.C. -- Wachovia Corp. says it has completed the integration of the systems, products and signs used by the former First Union Corp., including 4,500 ATMs.

First Union bought Wachovia for $13.4 billion in September 2001 and took its name.

Also affected in the conversion process were 11.5 million accounts and 2,600 branches, according to a news release.

A team of more than 200 employees, formed in April of 2001 and led by David Carroll and Bob McCoy, managed the integration efforts.

Wachovia plans to open 12 financial centers and  place 24 ATMs around New York City, primarily in Midtown Manhattan, by the end of 2004. It recently opened opened its first two retail financial centers there, at Rockefeller Plaza  and Madison Avenue at 45th Street.

Wachovia says that although low-risk integration activities will continue until early 2004, all aspects of the merger that are visible to customers are complete. (See related story Wachovia to waive some ATM fees in effort to take Manhattan)