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The company also shared the leadership team and operating plans for its retail mortgage business and credit operations. These positions will be effective upon consummation of the merger between Wachovia and Golden West, expected in the fourth quarter of this year.

Regional Leadership:

• Pete Jones, currently head of Wachovia's Dallas banking operations, will lead the company's banking presence in the Western states, including California, Arizona and Nevada. Jones will be based in Oakland, Calif.
• Guy Bodine, currently head of Wachovia's Texas banking operations, will oversee banking operations in the Central United States, including Texas, Colorado, Kansas and Illinois. Bodine will be based in Dallas, Texas.
• Reggie Davis will continue leading Wachovia's banking presence in the East, including New York, New Jersey, Connecticut, Pennsylvania, Delaware, Maryland, Washington, D.C., Virginia, North Carolina, South Carolina, Georgia, Alabama, Mississippi, Tennessee and Florida. Davis is based in Charlotte, N.C.

These individuals will report to Ben Jenkins, vice chairman of Wachovia and head of the General Bank, which includes all retail and wholesale banking operations.

Herbert and Marion Sandler, who jointly hold the position of chairman and CEO for Golden West, and Ernest Rady, founder of Westcorp and its Western Financial banking operations, will continue to play active advisory roles over the transition period.

Retail Mortgage and Credit Group:

• Jim Judd, who is President and COO of World Savings, a subsidiary of Golden West, and also co-head of merger integration, will lead the combined Wachovia  retail mortgage and Golden West mortgage operation. He will report to Ben Jenkins.

The new Retail Mortgage and Credit Group will be based in Charlotte. All current Wachovia retail mortgage and credit operations sites and all Golden West mortgage and credit operations sites, including San Antonio and Oakland, will remain in place.

“I am pleased to have leaders of this caliber overseeing our key markets and businesses across the United States,” said Jenkins. “They have proven themselves as talented individuals who execute and drive for performance, while also building strong and successful teams, developing great leaders and ensuring an outstanding customer experience.”

“The retail mortgage business requires great skill to generate a growing volume of high-quality loans,” said Herbert M. Sandler, Golden West chairman and chief executive officer. “Jim Judd and his combined leadership team are an excellent choice for that assignment.”

The combined company plans to share more details about its business strategy and operating model as integration planning progresses.

About Wachovia
Wachovia Corporation (NYSE:WB) is one of the nation's largest diversified financial services companies, providing 13.4 million household and business relationships with a broad range of banking, asset management, wealth management and corporate and investment banking products and services. Wachovia has retail and commercial banking operations in 16 states with 3,109 offices from Connecticut to Florida and west to Texas and California. Two core businesses operate under the Wachovia Securities brand name: retail brokerage in 49 states and in Latin America, and corporate and investment banking in selected industries nationwide. 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. Wachovia had assets of $553.6 billion, market capitalization of $86.0 billion and stockholders' equity of $48.9 billion at June 30, 2006.

The proposed merger with Golden West Financial Corporation (NYSE: GDW), parent of World Savings Bank, is expected to close in the fourth quarter of 2006, pending shareholder and regulatory approval. With this proposed merger, Wachovia would strengthen its position in California, Texas, Florida, New Jersey and New York, and enter attractive metropolitan areas in five additional states: Arizona, Colorado, Illinois, Kansas and Nevada. The combined company would serve banking customers through 3,400 offices in 21 states and Washington, D.C. In addition, Wachovia would gain mortgage lending operations under the World Savings Bank name in 39 states.

Additional Information
The proposed merger between Wachovia and Golden West will be submitted to Wachovia's and Golden West's shareholders for their consideration.  Shareholders are urged to read the definitive joint proxy statement/prospectus regarding the proposed merger and any other relevant documents filed with the SEC because they contain important information.  You will be able to obtain a free copy of the joint proxy statement/prospectus, as well as other filings containing information about Wachovia and Golden West, at the SEC's website (http://www.sec.gov).  You will also be able to obtain these documents, free of charge, at Wachovia's website (http://www.wachovia.com) under the tab “Inside Wachovia – Investor Relations” and then under the heading “Financial Reports - SEC Filings”.  Copies of the joint proxy statement/prospectus and the SEC filings incorporated by reference in the joint proxy statement/prospectus can also be obtained, free of charge, by directing a request to Wachovia Corporation, Investor Relations, One Wachovia Center, 301 South College Street, Charlotte, NC 28288-0206, (704)-374-6782; or to Golden West, Investor Relations Department, 1901 Harrison Street, Oakland, CA 94612, (510)-445-3420.