Wachovia Corporation is headquartered in Charlotte, NC and has roughly 92,000 employees. Its customers are combined with that of SunTrust. The corporation handles 13 million households and businesses, 9.3 million online product and service enrollments and 3 million active online customers. Wachovia services along the east coast in 15 states, it is the fourth largest bank holding company in the United States based on assets. It is the third largest US brokerage firm based on client assets.

Wachovia's financial centers give personal service and advice through 3,100 locations and nearly 700 retail brokerage offices. As a convenience to its customers, it has 5,000 ATMs. Wachovia Corporation has complete banking services such as brokerage asset management, wealth management, and products for individual customers. It offers credit and debit card products, mortgage banking, and home equity lending.

The corporation offers 1.6 billion shares outstanding of stock, listed on the NYSE as WB. One of their largest acquisitions was that of First Union bank on September 1, 2001. Wachovia also merged with SouthTrust bank on November 1, 2004. Wachovia Securities are available with offices in 49 states. Wachovia has 33 international offices as well as global services. Some of Wachovia's visions are to help their customers reach their financial goals; they want to provide business solutions to small companies as well as that of larger ones.

Wachovia wants to stay competitive with other banking operations by reducing costs but improving their quality of service. With Wachovia merging with larger banks, this venture tells me that they obviously want to grow in size as far as operations and clientele. I believe that Wachovia wants to be number one on the east coast as they are competing with Bank of America, as Bank of America is currently the number one bank in this country.

I think Wachovia's vision is to expand where they can so they keep buying companies, but they should concentrate their acquisitions in smaller areas where other bank aren't currently looking for business. I personally think the next big acquisition for Wachovia should be Capital One. Capital One is a company that is in a good position with potential the way they have run their business. Capital One essentially does the same services as that of Wachovia as far as offering Credit Cards, Savings accounts, money market, etc. as well as loans and insurance. But their specialty happens to be credit cards.

If Wachovia wants to continue to grow in popularity and potential they need to improve their credit card business. Since acquisitions seems to be the way that Wachovia improves their services, then Capital One should be a potential takeover target for them as well. Another way to gain capital for them in order to make more purchases is buy back more of their own stock as well as increase its dividend to shareholders so more investors will be attracted to their stock. The more spare money that any company has on hand, the more power they will essentially have to grow and improve their existing business with.