Wachovia banks aren't in the Springs, but its recent buyout of A.G. Edwards brokerage could be the starting point for expansion of the bank here and in the state. Wachovia already owns World Savings banks in the Springs. Put them all together and we could see World branches turning into Wachovias to make easier access for customers to visit for banking and brokerage services. A.G. Edwards' offices in the state, 16 in all, combined with Wachovia Securities offices, 10 in all, also could give the Wachovia name more presence and also serve as banking branches in addition to the 32 World Savings locations, including three in the Springs. Wachovia is in a situation to reposition itself as a major competitor with Wells Fargo and Ent in the Pikes Peak region. Stay tuned.
(Posting courtesy of the Biz Blog's sister blog: Dan's Dollars & Sense)