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PositionTriad - Wachovia merged with First Union - Brief article

Seven years ago, Ken Thompson promised Winston-Salem 3,000 jobs. He did it to generate support for Charlotte based First Union's takeover of Twin City pillar Wachovia, and it worked. Wachovia merged with First Union, even surrendering its name. Winston-Salem shed about 1,300 jobs when the headquarters moved to Charlotte, but it might have been worse if not for Thompson's pledge. Wachovia still has heavy...

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