BNET Industries
Last Fiscal Year Sales:$1.2B
- Private
- US
Dow Jones Description
The sun isn't setting on Westcorp. Founded in 1978 and headquartered in Irvine, CA, Westcorp offers auto lending and banking services. The company owns Western Financial Bank and WFS Financial. It offers passbook accounts, demand deposits, money market accounts, IRAs, CDs, and loans. It operates about 18 banking branches in southern California, focusing on small- and mid-sized businesses. The company has annual revenue of $1.5 billion and employs about 2,100 people. In 2006, it was acquired by Wachovia for $3.91 billion.
Number of Employees 2,239
Peer Companies
NAICS Code Savings Institutions: 522120
Recent Events
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Catalyst Health Solutions Extends and Increases Revolving Credit Facility to $100 Million
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Bank of the West to Acquire Santa Cruz, Monterey Branches
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Wachovia names small business banking director for region
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WELLS FARGO & COMPANY1 INTRODUCES NEW EURO PAYMENT SOLUTION
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REFILE-STOCKS NEWS -Toshiba mulls M&A to light way for LED bulbs
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OTCPicks.com: OPSY, CHCI, RTK, August 24 Stocks to Watch from OTCPicks.com
News & Analysis
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wachovia bank n.a. and wachovia corp. - All News and Analysis
Deputy US Treasury chief named to head Wachovia bank
- 2008-07-09
WASHINGTON AFP — Wachovia Corp named US Treasury Department Under Secretary Robert Steel as its new chief executive Wednesday after the commercial banking giant ousted its previous CEO over hefty mortgage-related losses. Treasury Secretary Henry Paulson said in a statement that his friend of more than 30 years "has...
Wachovia sued for its role in telemarketing fraud. (Faloney v. Wachovia Bank)
- 2008-04-01
When a telemarketer called and offered to give Mary Faloney a $5,000 government grant that she would not have to repay, the disabled grandmother living on Social Security gave the caller her personal bank account number to cover a $298 processing fee. The telemarketer charged Faloney's...
Wachovia Bank and Visa Inc. Renew Partnership Agreement
- 2008-01-30
Visa to Provide Credit and Debit Platforms and Processing Services to Wachovia Bank SAN FRANCISCO -- Wachovia Bank and Visa Inc. announced today that they have signed a partnership agreement, renewing their long-standing relationship. Under terms of the deal, Wachovia will continue to offer Visa-branded credit and debit products...
Clearing the record
- 2007-03-01
An obituary in yesterday's Inquirer gave the wrong age for Sol Silberman, 87, a former Blue Bell resident who died Sunday in Boca Raton, Fla. A corrected obituary appears in Section B. A story yesterday about the closing of two Wachovia bank branches in North Philadelphia mentioned the concern...
Bank taps C&W to manage portfolio
- 2006-12-06
Wachovia Bank N.A. has retained Cushman & Wakefield, Inc. to manage its Atlantic Regional portfolio, announced Don Cook, managing director. The portfolio includes 30 office and data center locations totaling 3.2 million square feet throughout the New York/New Jersey/Connecticut tri-state area. Robert Sweeney, a director based in Cushman &...
Former bank vice president sentenced for embezzlement
- 2006-08-16
A former Wachovia Bank vice president was sentenced today after pleading guilty to embezzling more than $640,000 from the accounts of four elderly customers. Francis Myers, 59, of West Chester, a customer service representative at the Wachovia Bank at 217 W. Baltimore Pike in Media, was sentenced to three...
Wachovia Bank, N.A. has leased 3,140 s/f for a new financial center at the newly constructed Livingston Town Center
- 2006-08-16
Wachovia Bank, N.A. has leased 3,140 s/f for a new financial center at the newly constructed Livingston Town Center. Michael Stone, director, and Justin Stein, both of Cushman & Wakefield's New York Area Suburban Retail Group, represented Wachovia in negotiating the long-term transaction. Jacobs Enterprises represented the property's owner, LTC...
Sidney Poitier to get Marian Anderson Award
- 2006-07-26
Headline this one: To Sir, with Brotherly Love. Sidney Poitier, the actor/diplomat, will receive this year's Marian Anderson Award, given to high-profile humanitarians. The announcement was made this morning at a news conference at the Sofitel. Jacqueline Barnett, the city's secretary of education, stepped in for Mayor...
Wachovia bank buys Golden West for 25.5 billion dollars
- 2006-05-08
NEW YORK AFP — The fourth-largest US banking group, Wachovia Corp., has bought its competitor, California-based Golden West Financial Corp., for 25.5 billion dollars in stock and cash, the two companies said. The combined company, which will have assets of 669 billion dollars and a market capitalization of 117...
I.C. Isaacs Announces $25 Million Credit Facility from Wachovia
- 2005-01-06
NEW YORK -- I.C. Isaacs & Company, Inc. (OTCBB:ISAC), designer and marketer of the Marithe & Francois Girbaud brand of casual denim and sportswear, today announced that it has secured a new three-year $25 million credit facility with Wachovia Bank, National Association. The new credit facility provides more favorable interest...
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Glass Door
Financial Services Industry Companies
| Company | Employer Rating |
| Wells Fargo |  |
| U.S. Bank |  |
| Bank of America | |
| Wachovia | |
| JPMorgan Chase | |
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