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. - All News and Analysis
Wachovia Bank to terminate investment fund
- 2008-10-03
THE FREEZE: Wachovia Bank, trustee for the $9.3 billion Short Term Fund offered by Commonfund, based in Wilton, Conn., says it will terminate the investment fund used by hundreds of U.S. colleges and universities. WHAT'S NEXT: Investors can remove as much as 37 percent of their funds from...
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...
Acme United Corporation Announces New Bank Facility
- 2008-06-24
FAIRFIELD, Conn. -- Acme United Corporation (AMEX:ACU) today announced that it has entered into a new loan agreement with Wachovia Bank, N.A. The new two year facility increases availability from $15.0 million to $20.0 million, and lowers the interest rate from Libor plus 1% to Libor plus 7/8%. The...
Fitch Rates City and County of Denver, CO GO CP Notes 'F1+'
- 2008-05-20
NEW YORK -- Fitch assigns a rating of 'F1+' to the not to exceed $150,000,000 City and County of Denver, Colorado general obligation commercial paper notes consisting of series A (Tax-Exempt) and series B Taxablethe notes. The rating on the notes is based on the support of a direct-pay letter...
AutoInfo, Inc. Announces Increase in Credit Facility With Wachovia Bank
- 2008-05-08
AutoInfo, Inc. (OTCBB: AUTO), a non-asset based supply chain logistics company, today announced that it has increased its credit facility with Wachovia Bank from $10.5 to $20 Million. The loan provides for interest at LIBOR plus 1 1/4% per annum. Harry Wachtel, President, stated, "We are extremely pleased that...
CapLease Announces New $250 Million Term and Revolving Financing Facility
- 2008-04-30
NEW YORK -- CapLease, Inc. (NYSE: LSE) announced today that it has entered into a new $250 million term loan and revolving credit agreement with Wachovia Bank, N.A. CapLease used $210.4 million of term loan borrowings at the closing of the facility to refinance all of the collateral previously financed...
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...
Bank helps fuel retail renaissance
- 2008-03-12
The leasing team of Faith Hope Consolo, chairman, and Joseph A. Aquino, executive vice president, along with Arthur Maglio, of Prudential Douglas Elliman's Retail Leasing and Sales Division, exclusively represented the landlord in the long-term lease for a new branch of Wachovia Bank at 2283 Third Avenue. his 3,500...
Breslin Realty Inc
- 2008-02-06
Kenneth A. Breslin, president of Breslin Realty Inc., in Garden City, N.Y., announced that his firm has negotiated 14 Wachovia Bank transactions in Nassau and Suffolk counties. The locations are Carle Place Cedarhurst, Garden City, Great Neck, Greenvale, Hauppauge, Hempstead, Hewlett, Huntington, Manhasset New Hyde Park, and three other sites...
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...
Industry Transcripts by Seeking Alpha
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American Apparel Q3 2009 Earnings Call Transcript
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on Nov 10, 2009about MBI
Glass Door
Financial Services Industry Companies
| Company | Employer Rating |
| Wells Fargo |  |
| U.S. Bank |  |
| Bank of America | |
| Wachovia | |
| JPMorgan Chase | |
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