PRESS RELEASES

Key indicators included:

• Loan and mortgage-backed securities portfolio of $124.6 billion versus $124.8 billion at the end of September
• Loan originations of $3.6 billion, which were stable with September levels
• Loan portfolio yield of 7.59 percent; up 13 basis points from the end of September
• Cost of Savings rate of 4.60 percent rose 11 basis points from the end of September
• Deposits of $68.0 billion rose from $66.6 billion at the end of September
• Nonperforming assets of $598 million rose 2 basis points to 48 basis points of total loans and mortgage-backed securities

"As anticipated, a stabilization in the federal funds rate has resulted in continued improvement in the spread on the World Savings Bank loan portfolio as the portfolio yield improved by 13 basis points while wholesale borrowing costs remained relatively unchanged," said Tom Wurtz, Wachovia chief financial officer. "In light of current industry trends, we view World Savings Bank's stable mortgage originations during the month of October positively. We remain confident about our ability to execute on our disciplined integration strategy for the Golden West franchise."

About Wachovia
Wachovia Corporation (NYSE:WB) is one of the nation's largest diversified financial services companies, providing a broad range of retail banking and brokerage, asset and wealth management, and corporate and investment banking products and services. Including the Golden West merger, which closed on October 1, 2006, Wachovia has retail and commercial banking operations in 21 states with 3,400 retail banking offices from Connecticut to Florida and west to Texas and California. In addition, two core businesses operate under the Wachovia Securities brand name: retail brokerage with 737 offices in 49 states and in Latin America, and corporate and investment banking in selected industries nationwide. Other nationwide businesses include mortgage lending in 39 states and auto finance covering 46 states. Globally, Wachovia serves clients through more than 40 international offices. Online banking is available at wachovia.com; online brokerage products and services at wachoviasec.com, and investment products and services at evergreeninvestments.com. At September 30, 2006, Wachovia had assets of $559.9 billion and market capitalization of $88.2 billion. On the same date, based on pro forma data, Wachovia's combined assets were approximately $700 billion and combined market capitalization was $107 billion.

Forward-Looking Statements
This news release contains various forward-looking statements. A discussion of various factors that could cause Wachovia Corporation's actual results to differ materially from those expressed in such forward-looking statements is included in Wachovia's filings with the Securities and Exchange Commission, including its Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.