CoreStates Financial Corporation
American bank holding company / From Wikipedia, the free encyclopedia
CoreStates Financial Corporation, previously known as Philadelphia National Bank (PNB), was an American bank holding company in the Philadelphia, Pennsylvania, metropolitan area.
Quick Facts Industry, Founded ...
Industry | Bank holding company |
---|---|
Founded | 1803 (As "The Philadelphia Bank") |
Defunct | 1998 |
Fate | Acquired by First Union Corporation |
Successor | Wells Fargo (formerly Wachovia/First Union) |
Headquarters | Philadelphia |
Products | Financial services |
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The bank was renamed in the mid-1980s after a series of mergers. After being acquired by First Union Corporation, which later also acquired Wachovia National Bank to become Wachovia Corporation, CoreStates Financial Corporation became a part of Wells Fargo in 2008 when Wachovia (formerly known as First Union) was acquired by that company.