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Economy of Charlotte


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Charlotte has become a major U.S. financial center and is now the second largest banking center in the United States (after New York). The nation's second largest financial institution by assets, Bank of America, calls the city home. The city was also the former corporate home of Wachovia until its 2008 acquisition by Wells Fargo in San Francisco CA; Wells Fargo integrated legacy Wachovia, with the two banks fully merged at the end of 2011, which included transitioning all of the Wachovia branches in the Carolinas to Wells Fargo branches by October 2011. Since then, Charlotte became the regional
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