Wachovia Considers Expansion in S. California
Posted Mar 6th 2006 7:58PM by Wendy Allegree
Filed under: Corporate news
Now that Wachovia Corp. has completed its $4 billion acquisition of Irvine, Calif.-based Westcorp it could
open as many as 200 branches in Southern California during the next five years, said Vice Chairman Ben
Jenkins. According to Jenkins Wachovia will spend the bulk of this year reviewing expansion opportunities, then
begin building branches in 2007. Wachovia made another California purchase in December: San Diego-based AmNet Mortgage
Inc. Wachovia could hire as many as 500 mortgage brokers this year.
