Getting your player ready...
NEW YORK — Wells Fargo & Co. and Wachovia Corp. shareholders on Tuesday voted to approve Wells Fargo’s $11.8 billion purchase of Wachovia.
The combination creates one of the nation’s largest banks. A combined Wells Fargo and Wachovia will have more than $1.42 trillion in assets and nearly $800 million in deposits, with operations in 39 states and Washington.
Shareholder approval of the deal was the second major banking-combination vote Tuesday. Earlier in the day, shareholders of PNC Financial Services Group Inc. and National City Corp. agreed to Pittsburgh-based PNC’s acquisition of Cleveland-based National City.
