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December 07, 2004
Wachovia Opens Texas General Banking Headquarters
Bank opens first of 200 financial centers planned through 2008
CHARLOTTE, N.C. - Wachovia Corporation (NYSE: WB), the country's fourth largest bank, today opened its Texas general banking headquarters and first financial center, both located in Dallas. Through 2008, Wachovia plans to open approximately 200 financial centers in Dallas, Fort Worth, Austin, Houston and San Antonio. The first six locations will open by year's end.
"I'm very pleased to announce that, with Wachovia, Texans have a new choice in banking," said Ben Jenkins, president of Wachovia's general bank. "Under the seasoned leadership of Guy Bodine, we plan to open financial centers at an aggressive pace, offering a full range of retail and commercial banking services and the exceptional customer service that is Wachovia's hallmark."
"We are working hard to bring our brand of service to Texans," added Bodine, Wachovia's chief executive officer for Texas. "Texas is an extremely attractive market for us, and we're convinced Texans are going to respond enthusiastically to Wachovia's great products and services."
The Texas banking group leadership under Bodine includes:
- Pete Jones, Texas president and chief operating officer, with responsibility for the Dallas/Fort Worth Metroplex
- Lori Vetters, regional president for Houston
- Bill Wilson, regional president for Central Texas (San Antonio/Austin)
- Kathryn Dinkin, head of Texas retail banking
As part of its planned growth, Wachovia will integrate 64 SouthTrust locations from its recently completed merger in the fourth quarter of 2005. Wachovia's long-term commitment to Texas is expected to create more than 4,000 jobs.
Wachovia brings a distinctive style of banking to Texas. Both retail and commercial banking customers can expect Wachovia, the industry leader in customer satisfaction, to place great emphasis on understanding their needs and providing personalized products and services. For the past three years, customers have rewarded Wachovia by ranking the company number one in customer satisfaction on the American Customer Satisfaction Index, the most prestigious independent survey of customer service. The company also has been recognized by Essence, Latina Style and Working Mother magazines as one of the best places to work, in addition to receiving the Fannie Mae Hero Award for creativity and leadership in mortgage and community lending.
Wachovia's state headquarters will occupy four floors at 5080 Spectrum Dr. in Addison. A Wachovia financial center will occupy the first floor of the building.
About Wachovia
Wachovia Corporation (NYSE:WB) is one of the largest providers of financial services to retail, brokerage and corporate customers, with retail operations from Connecticut to Florida and west to Texas, and retail brokerage operations nationwide. Its four core businesses, the General Bank, Capital Management, Wealth Management, and the Corporate and Investment Bank, serve approximately 14 million client relationships (including households and businesses), primarily in 15 states and Washington, D.C. Its full-service retail brokerage firm, Wachovia Securities, LLC, serves clients in 49 states and Washington, D.C. Global services are offered through 33 international offices. Online banking and brokerage products and services also are available through wachovia.com.
Wachovia had assets of $436.7 billion, stockholders' equity of $33.9 billion and market capitalization of $61.4 billion at Sept. 30, 2004. SouthTrust had assets of $53.8 billion and stockholders' equity of $4.7 billion at Sept. 30, 2004.
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