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Corestates
CoreStates Financial Corporation, previously known as Philadelphia National Bank (PNB), was an American bank holding company in the Philadelphia, Pennsylvania, metropolitan area. The bank was renamed in the mid-1980s after a series of mergers. After being acquired by First Union Corporation, which later also acquired Wachovia National Bank to become Wachovia Corporation, CoreStates Financial Corporation became a part of Wells Fargo in 2008 when Wachovia (formerly known as First Union) was acquired by that company. History Philadelphia National Bank and First Pennsylvania Bank The bank was founded in Philadelphia on September 8, 1803, as The Philadelphia Bank. George Clymer was the bank's first president. Later, the bank became known as Philadelphia National Bank, or PNB. During the early years of the United States, Philadelphia developed as the banking center of the country. The First Bank of the United States chartered in 1791, was based in the city until its charter expired ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First Union Corporation
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 ( First Union Capital Partners), 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 US. As of the end of 2000, First Union had over $171 billion of total assets, over 70,000 employees and 2,193 branches. After their acquisition of Wachovia, they assumed the name and stock ticket symbol of the latter company. History First Union Corporation was founded as Union National Bank on June 2, 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wells Fargo Center (Philadelphia)
The Wells Fargo Center is a multi-purpose indoor arena located in Philadelphia. It serves as the home of the Philadelphia Flyers of the National Hockey League (NHL), the Philadelphia 76ers of the National Basketball Association (NBA), and the Philadelphia Wings of the National Lacrosse League (NLL). The arena lies at the southwest corner of the South Philadelphia Sports Complex, which includes Lincoln Financial Field, Citizens Bank Park, and Xfinity Live!. The Wells Fargo Center, originally called Spectrum II, was completed in 1996 to replace the Spectrum as the home arena of the 76ers and Flyers, on the former site of John F. Kennedy Stadium at a cost of $210 million, largely privately financed (though the city and state helped to pay for the local infrastructure). It is owned by Comcast Spectacor, which also owns the Flyers, and is operated by its arena-management subsidiary, Global Spectrum. Since opening, it has been known by a number of different names through naming ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wachovia
Wachovia was a diversified financial services company based in Charlotte, North Carolina. Before its acquisition by Wells Fargo and Company in 2008, Wachovia was the fourth-largest bank holding company in the United States, based on total assets. Wachovia provided a broad range of banking, asset management, wealth management, and corporate and investment banking products and services. At its height, it was one of the largest providers of financial services in the United States, operating financial centers in 21 states and Washington, D.C., with locations from Connecticut to Florida and west to California. Wachovia provided global services through more than 40 offices around the world. The acquisition of Wachovia by Wells Fargo was completed on December 31, 2008, after a government-forced sale to avoid Wachovia's failure. The Wachovia brand was absorbed into the Wells Fargo brand in a process that lasted three years. On October 15, 2011, the last Wachovia branches in North Carol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wachovia Corporation
Wachovia was a diversified financial services company based in Charlotte, North Carolina. Before its acquisition by Wells Fargo and Company in 2008, Wachovia was the fourth-largest bank holding company in the United States, based on total assets. Wachovia provided a broad range of banking, asset management, wealth management, and corporate and investment banking products and services. At its height, it was one of the largest providers of financial services in the United States, operating financial centers in 21 states and Washington, D.C., with locations from Connecticut to Florida and west to California. Wachovia provided global services through more than 40 offices around the world. The acquisition of Wachovia by Wells Fargo was completed on December 31, 2008, after a government-forced sale to avoid Wachovia's failure. The Wachovia brand was absorbed into the Wells Fargo brand in a process that lasted three years. On October 15, 2011, the last Wachovia branches in North Caro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Spectrum (arena)
The Spectrum (later known as CoreStates Spectrum, First Union Spectrum and Wachovia Spectrum) was an indoor arena in Philadelphia, Pennsylvania, United States. Opened in September 1967 as part of what is now known as the South Philadelphia Sports Complex, after several expansions of its seating capacity it accommodated 18,168 for basketball and 17,380 for ice hockey, arena football, indoor soccer, and box lacrosse. The last event at the Spectrum was a Pearl Jam concert on October 31, 2009. The arena was demolished between November 2010 and May 2011. History Opened as the Spectrum in September 1967, Philadelphia's first modern indoor sports arena was built to be the home of the expansion Philadelphia Flyers of the NHL, and also to accommodate the existing Philadelphia 76ers of the NBA. The building was the second major sports facility built at the south end of Broad Street in an area previously known as East League Island Park and now referred to simply as the South Philade ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
George Clymer
George Clymer (March 16, 1739January 23, 1813) was an American politician, abolitionist and Founding Father of the United States, one of only six founders who signed both the Declaration of Independence and U.S. Constitution. He was among the earliest patriots to advocate for complete independence from Britain. He attended the Continental Congress and served in political office until the end of his life. He was a Framer of the Constitution where he attempted unsuccessfully to regulate the importation of slaves. Clymer was himself a minor slave owner, at least briefly when seven years-old through inheritance. Early life and family Clymer was born in Philadelphia in the Province of Pennsylvania on March 16, 1739. Orphaned when only a year old, he was apprenticed to his maternal aunt and uncle, Hannah and William Coleman, to prepare to become a merchant. He married Elizabeth Meredith on March 22, 1765. In a letter written by Clymer to the rector of Christ Church, the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of North America
The Bank of North America was the first chartered bank in the United States, and served as the country's first ''de facto'' central bank. Chartered by the Congress of the Confederation on May 26, 1781, and opened in Philadelphia on January 7, 1782, it was based upon a plan presented by US Superintendent of Finance Robert Morris on May 17, 1781, based on recommendations by Revolutionary era figure Alexander Hamilton. Although Hamilton later noted its "essential" contribution to the war effort, the Pennsylvania government objected to its privileges and reincorporated it under state law, making it unsuitable as a national bank under the federal Constitution. Instead Congress chartered a new bank, the First Bank of the United States, in 1791, while the Bank of North America continued as a private concern. History Congressional charter In May 1781 Alexander Hamilton revealed that he had recommended Robert Morris for the position of Superintendent of Finance of the United Stat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First Pennsylvania Bank
First Pennsylvania Bank was a bank based in Philadelphia, Pennsylvania Philadelphia, often called Philly, is the List of municipalities in Pennsylvania#Municipalities, largest city in the Commonwealth (U.S. state), Commonwealth of Pennsylvania, the List of United States cities by population, sixth-largest city i .... Founded in 1782, it was for centuries the oldest bank in the United States until it was acquired by CoreStates Financial Corporation in 1989. In the 1970s, First Pennsylvania officials attempted to turn their firm, then a "sedate regional bank", into a major national concern. Aggressive and risky lending and investments turned the bank into Philadelphia's largest, but in 1980, led to huge losses and panicked depositors. The federal government gave the bank a $500 million bailout, the first major federal bailout of a national bank. See also * List of bank mergers in the United States References {{Wells Fargo Banks based in Pennsylvania Defunct banks of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wells Fargo
Wells Fargo & Company is an American multinational financial services company with corporate headquarters in San Francisco, California; operational headquarters in Manhattan; and managerial offices throughout the United States and internationally. The company has operations in 35 countries with over 70 million customers globally. It is considered a systemically important financial institution by the Financial Stability Board. The firm's primary subsidiary is Wells Fargo Bank, N.A., a national bank which designates its Sioux Falls, South Dakota site as its main office. It is the fourth largest bank in the United States by total assets and is also one of the largest as ranked by bank deposits and market capitalization. Along with JPMorgan Chase, Bank of America and Citigroup. Wells Fargo is one of the "Big Four Banks" of the United States. It has 8,050 branches and 13,000 ATMs. It is one of the most valuable bank brands. Wells Fargo, in its present form, is a resul ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Correspondent Account
A correspondent account is an account (often called a nostro or vostro account) established by a banking institution to receive deposits from, make payments on behalf of, or handle other financial transactions for another financial institution. Correspondent accounts are established through bilateral agreements between the two banks. Application Commonly, correspondent accounts are the accounts of foreign banks that require the ability to pay and receive the domestic currency. A bank will typically require correspondent accounts for holding currencies outside of jurisdictions where it has a branch or affiliate. This is because most central bank settlement systems do not register deposits or transfer funds to banks not doing business in their countries. With few exceptions, the actual funds held in any foreign currency account (whether for a bank or for its customer) are held in the bank's correspondent account in that currency's home country. Even where a bank has branches or af ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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