Article: Wachovia Gets Fed's Nod for Va. Merger.(Jefferson National Bank)(Brief Article)

The Federal Reserve Board has approved Wachovia Corp.'s acquisition of Jefferson National Bankshares, Charlottesville, Va. The $542 million deal would give $48.5 billion-asset Wachovia, Winston-Salem, N.C., 96 offices in Virginia. Tuesday's Fed approval did not require any branch closures.

The merger has been approved by the boards of directors of both companies but remains subject to the approval of Jefferson National's shareholders. They ...

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