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Article: Jefferson Shareholders Approve Merger With Wachovia
- Article from:
- PR Newswire
- Article date:
- October 22, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WINSTON-SALEM, N.C., Oct. 22 /PRNewswire/ -- Jefferson Bankshares Inc., the parent of Jefferson National Bank in Charlottesville, Va., and Wachovia Corporation (NYSE: WB) today announced that Jefferson's shareholders have approved the previously announced merger between Jefferson and Wachovia.
The merger, which also has been approved by the Federal Reserve Board and the Virginia Bureau of Financial Institutions, is expected to be finalized at the close of business Friday, Oct. 31. Jefferson National Bank will continue to operate under its name until March 20, 1998, when the merger and integration with Wachovia Bank, N.A., is expected to be completed.
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Article: Wachovia to Acquire Virginia's Jefferson ...
Knight Ridder/Tribune Business News;
June 11, 1997 ;
676 words
... ... merger game, agreeing to acquire Jefferson Bankshares of Charlottesville, Va. The deal ... 542 million. The news boosted Jefferson Bankshares' stock $7.75 to $37.75 ... specialized facility in Norfolk. Jefferson Bankshares is the fifth-largest Virginia ...
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