Wells + Wachovia
San Francisco–based financial services company Wells Fargo & Co. has formed a new organization that combines the asset-based lending units of its wholesale bank with those of Wachovia. The two companies merged in late 2008. Wells Fargo Capital Finance includes the Wachovia Capital Finance, Wells Fargo Business Credit, Wells Fargo Foothill, Wells Fargo Retail Finance and Wells Fargo Trade Capital units. The new organization will offer traditional asset-based lending, specialized senior secured financing, accounts-receivable financing and purchase-order financing.
