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<li id="toc-1887_to_1980" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#1887_to_1980"> <div class="vector-toc-text"> <span class="vector-toc-numb">1.1</span> <span>1887 to 1980</span> </div> </a> <ul id="toc-1887_to_1980-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-1981_to_1987" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#1981_to_1987"> <div class="vector-toc-text"> <span class="vector-toc-numb">1.2</span> <span>1981 to 1987</span> </div> </a> <ul id="toc-1981_to_1987-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-1988_to_1997" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#1988_to_1997"> <div class="vector-toc-text"> <span class="vector-toc-numb">1.3</span> <span>1988 to 1997</span> </div> </a> <ul id="toc-1988_to_1997-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-1998_to_2005" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#1998_to_2005"> <div class="vector-toc-text"> <span class="vector-toc-numb">1.4</span> <span>1998 to 2005</span> </div> </a> <ul id="toc-1998_to_2005-sublist" class="vector-toc-list"> </ul> </li> </ul> </li> <li id="toc-Merger_with_Wachovia" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Merger_with_Wachovia"> <div class="vector-toc-text"> <span class="vector-toc-numb">2</span> <span>Merger with Wachovia</span> </div> </a> <button aria-controls="toc-Merger_with_Wachovia-sublist" class="cdx-button cdx-button--weight-quiet cdx-button--icon-only vector-toc-toggle"> <span class="vector-icon mw-ui-icon-wikimedia-expand"></span> <span>Toggle Merger with Wachovia subsection</span> </button> <ul id="toc-Merger_with_Wachovia-sublist" class="vector-toc-list"> <li id="toc-Criticism" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Criticism"> <div class="vector-toc-text"> <span class="vector-toc-numb">2.1</span> <span>Criticism</span> </div> </a> <ul id="toc-Criticism-sublist" class="vector-toc-list"> <li id="toc-Malone's_golden_parachute" class="vector-toc-list-item vector-toc-level-3"> <a class="vector-toc-link" href="#Malone's_golden_parachute"> <div class="vector-toc-text"> <span class="vector-toc-numb">2.1.1</span> <span>Malone's golden parachute</span> </div> </a> <ul id="toc-Malone's_golden_parachute-sublist" class="vector-toc-list"> </ul> </li> </ul> </li> </ul> </li> <li id="toc-Trademark_acquisition" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Trademark_acquisition"> <div class="vector-toc-text"> <span class="vector-toc-numb">3</span> <span>Trademark acquisition</span> </div> </a> <ul id="toc-Trademark_acquisition-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-References" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#References"> <div class="vector-toc-text"> <span class="vector-toc-numb">4</span> <span>References</span> </div> </a> <ul id="toc-References-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-External_links" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#External_links"> <div class="vector-toc-text"> <span class="vector-toc-numb">5</span> <span>External links</span> </div> </a> <ul id="toc-External_links-sublist" class="vector-toc-list"> </ul> </li> </ul> </div> </div> </nav> </div> </div> <div class="mw-content-container"> <main id="content" class="mw-body"> <header class="mw-body-header vector-page-titlebar"> <nav aria-label="Contents" class="vector-toc-landmark"> <div id="vector-page-titlebar-toc" class="vector-dropdown vector-page-titlebar-toc vector-button-flush-left" > <input type="checkbox" id="vector-page-titlebar-toc-checkbox" role="button" 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searchaux" style="display:none">Former bank holding company</div> <style data-mw-deduplicate="TemplateStyles:r1257001546">.mw-parser-output .infobox-subbox{padding:0;border:none;margin:-3px;width:auto;min-width:100%;font-size:100%;clear:none;float:none;background-color:transparent}.mw-parser-output .infobox-3cols-child{margin:auto}.mw-parser-output .infobox .navbar{font-size:100%}@media screen{html.skin-theme-clientpref-night .mw-parser-output .infobox-full-data:not(.notheme)>div:not(.notheme)[style]{background:#1f1f23!important;color:#f8f9fa}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .infobox-full-data:not(.notheme) div:not(.notheme){background:#1f1f23!important;color:#f8f9fa}}@media(min-width:640px){body.skin--responsive .mw-parser-output .infobox-table{display:table!important}body.skin--responsive .mw-parser-output .infobox-table>caption{display:table-caption!important}body.skin--responsive .mw-parser-output .infobox-table>tbody{display:table-row-group}body.skin--responsive .mw-parser-output .infobox-table tr{display:table-row!important}body.skin--responsive .mw-parser-output .infobox-table th,body.skin--responsive .mw-parser-output .infobox-table td{padding-left:inherit;padding-right:inherit}}</style><style data-mw-deduplicate="TemplateStyles:r1242257876">.mw-parser-output .ib-company .infobox-label{padding-right:0.5em}.mw-parser-output .ib-company .infobox-data,.mw-parser-output .ib-company .infobox-below{line-height:1.35em}.mw-parser-output .ib-company-logo img{background-color:#f8f9fa}.mw-parser-output .ib-company-locality,.mw-parser-output .ib-company-country{display:inline}</style><table class="infobox ib-company vcard"><caption class="infobox-title fn org">SouthTrust (1887–2005)</caption><tbody><tr><td colspan="2" class="infobox-image ib-company-logo logo"><span class="mw-default-size" typeof="mw:File/Frameless"><a href="/wiki/File:SouthTrust.png" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/en/6/61/SouthTrust.png" decoding="async" width="203" height="35" class="mw-file-element" data-file-width="203" data-file-height="35" /></a></span></td></tr><tr><th scope="row" class="infobox-label">Company type</th><td class="infobox-data category">Defunct, merged into <a href="/wiki/Wachovia_Corporation" class="mw-redirect" title="Wachovia Corporation">Wachovia</a></td></tr><tr><th scope="row" class="infobox-label">Industry</th><td class="infobox-data category"><a href="/wiki/Finance_and_Insurance" class="mw-redirect" title="Finance and Insurance">Finance and Insurance</a></td></tr><tr><th scope="row" class="infobox-label">Founded</th><td class="infobox-data">1887<span class="noprint">; 137 years ago</span><span style="display:none"> (<span class="bday dtstart published updated">1887</span>)</span> as Birmingham Trust and Savings Company</td></tr><tr><th scope="row" class="infobox-label">Defunct</th><td class="infobox-data">2004<span class="noprint">; 20 years ago</span><span style="display:none"> (<span class="bday dtstart published updated">2004</span>)</span></td></tr><tr><th scope="row" class="infobox-label">Fate</th><td class="infobox-data">Acquired by <a href="/wiki/Wachovia" title="Wachovia">Wachovia</a></td></tr><tr><th scope="row" class="infobox-label">Successor</th><td class="infobox-data"><style data-mw-deduplicate="TemplateStyles:r1126788409">.mw-parser-output .plainlist ol,.mw-parser-output .plainlist ul{line-height:inherit;list-style:none;margin:0;padding:0}.mw-parser-output .plainlist ol li,.mw-parser-output .plainlist ul li{margin-bottom:0}</style><div class="plainlist"><ul><li><a href="/wiki/Wachovia_Corporation" class="mw-redirect" title="Wachovia Corporation">Wachovia</a> (1879–2011)</li><li><a href="/wiki/Wells_Fargo" title="Wells Fargo">Wells Fargo</a> (2011–present)</li></ul></div></td></tr><tr><th scope="row" class="infobox-label">Headquarters</th><td class="infobox-data label"><a href="/wiki/Birmingham,_Alabama" title="Birmingham, Alabama">Birmingham, Alabama</a>, United States</td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Key people</div></th><td class="infobox-data agent">Wallace D. Malone Jr., <a href="/wiki/Chief_Executive_Officer" class="mw-redirect" title="Chief Executive Officer">Chief Executive Officer</a><br />Julian Banton, <a href="/wiki/President_(corporate_title)" title="President (corporate title)">President</a></td></tr><tr><th scope="row" class="infobox-label">Products</th><td class="infobox-data"><a href="/wiki/Financial_services" title="Financial services">Financial services</a></td></tr><tr><th scope="row" class="infobox-label">Revenue</th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/17px-Increase2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/22px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span>$3.32 billion <a href="/wiki/USD" class="mw-redirect" title="USD">USD</a> (2003)</td></tr><tr><th scope="row" class="infobox-label"><span class="nowrap"><a href="/wiki/Asset" title="Asset">Total assets</a></span></th><td class="infobox-data">$53 billion (2004)</td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Number of employees</div></th><td class="infobox-data">12,400 (2003)</td></tr></tbody></table> <p><b>SouthTrust Corporation</b> was a banking company headquartered in <a href="/wiki/Birmingham,_Alabama" title="Birmingham, Alabama">Birmingham, Alabama</a>. In 2004, <b>SouthTrust</b> reached an agreement to <a href="/wiki/Mergers_and_acquisitions" title="Mergers and acquisitions">merge</a> with <a href="/wiki/Wachovia" title="Wachovia">Wachovia</a> in a stock-for-stock deal. At the time of the merger with Wachovia was completed, SouthTrust had $53 Billion in assets. SouthTrust was listed on the <a href="/wiki/NASDAQ" class="mw-redirect" title="NASDAQ">NASDAQ</a> exchange under the ticker symbol SOTR. The company was headquartered in the SouthTrust Tower, now known as the <a href="/wiki/Shipt_Tower" title="Shipt Tower">Shipt Tower</a>. SouthTrust had branches in <a href="/wiki/Alabama" title="Alabama">Alabama</a>, <a href="/wiki/Florida" title="Florida">Florida</a>, <a href="/wiki/Georgia_(U.S._state)" title="Georgia (U.S. state)">Georgia</a>, <a href="/wiki/Mississippi" title="Mississippi">Mississippi</a>, <a href="/wiki/North_Carolina" title="North Carolina">North Carolina</a>, <a href="/wiki/South_Carolina" title="South Carolina">South Carolina</a>, <a href="/wiki/Tennessee" title="Tennessee">Tennessee</a>, <a href="/wiki/Texas" title="Texas">Texas</a> and <a href="/wiki/Virginia" title="Virginia">Virginia</a>. By the end of 2005, all former SouthTrust branches that remained open carried the Wachovia name. </p> <meta property="mw:PageProp/toc" /> <div class="mw-heading mw-heading2"><h2 id="History">History</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=SouthTrust_(1887%E2%80%932005)&action=edit&section=1" title="Edit section: History"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <div class="mw-heading mw-heading3"><h3 id="1887_to_1980">1887 to 1980</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=SouthTrust_(1887%E2%80%932005)&action=edit&section=2" title="Edit section: 1887 to 1980"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>SouthTrust Corporation began as Birmingham Trust and Savings Company in 1887. In 1946 the bank sought a charter to become a national bank. After receiving the charter, the name of the bank changed to Birmingham Trust National Bank, which was commonly known as BTNB. In 1972 BTNB combined with three other Alabama banks to become the Alabama Financial Group, Inc. which was a holding company for the four banks. In 1974 the holding company changed its name to Southern Bancorporation of Alabama. Through the rest of the 1970s, Southern Bank continued buying other community banks located throughout Alabama. By this time Southern Bank held assets of over $1 billion. </p> <div class="mw-heading mw-heading3"><h3 id="1981_to_1987">1981 to 1987</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=SouthTrust_(1887%E2%80%932005)&action=edit&section=3" title="Edit section: 1981 to 1987"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In 1981 the holding company again changed its name, this time to SouthTrust Corporation. In 1986, SouthTrust decided to build a new building for its headquarters in downtown Birmingham. Work began right away on what would become the 34/story SouthTrust Tower. SouthTrust had $5.3 billion in assets by the end of 1986 and had expanded as much as it could in its home state of Alabama. After a change in an Alabama law allowed banks to buy other banks in the 12 southeastern states, SouthTrust made its first purchase outside of Alabama. In 1987 SouthTrust purchased the Central Bank of South Daytona Beach located in <a href="/wiki/Daytona_Beach,_Florida" title="Daytona Beach, Florida">Daytona Beach, Florida</a>. SouthTrust quickly focused on Florida for its new acquisitions and acquired many banks, mostly located in northern and Central Florida. Towards the end of 1987 SouthTrust made its first entry into the Georgia market when it moved the SouthTrust National Bank of Russell County headquarters across the state line to <a href="/wiki/Columbus,_Georgia" title="Columbus, Georgia">Columbus, Georgia</a>. </p> <div class="mw-heading mw-heading3"><h3 id="1988_to_1997">1988 to 1997</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=SouthTrust_(1887%E2%80%932005)&action=edit&section=4" title="Edit section: 1988 to 1997"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>When the bank decided it was time to enter the Tennessee market, it did so by opening up a branch instead of buying a bank already established there. The first Tennessee branch was located in Nashville. By the end of 1989, SouthTrust opened its first South Carolina branch, located in Charleston. As 1990 came around, SouthTrust had grown to over $7.5 billion in assets and had become the largest bank in Alabama. By 1991 SouthTrust had entered the North Carolina market when it bought <a href="/wiki/Barclays" title="Barclays">Barclays</a>' small American operation based in <a href="/wiki/Charlotte,_North_Carolina" title="Charlotte, North Carolina">Charlotte</a>. By 1992 SouthTrust had $12 billion in assets and 336 banking branches in six states, but announced that instead of looking to grow geographical wise that it would instead focus on growing in its existing markets. By the end of 1993, SouthTrust's assets had grown to $15.1 billion. In 1994 SouthTrust made its first entry into Mississippi when it purchased First Jefferson Corporation. This purchase helped added to an increase in SouthTrust branch number which had grown to over 400. In 1995, SouthTrust acquired Bankers First Corporation (Nasdaq: BNKF),<sup id="cite_ref-1" class="reference"><a href="#cite_note-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup> which was the parent of Bankers First Federal Savings and Loan.<sup id="cite_ref-2" class="reference"><a href="#cite_note-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup> Two big changes came in 1996. The first was that all SouthTrust banks would merge under one national bank charter. The second was SouthTrusts entry into life insurance through SouthTrust Insurance, Inc. By end of 1997, SouthTrust entered the state of Texas through when it bought SecurityBank Texas. </p> <div class="mw-heading mw-heading3"><h3 id="1998_to_2005">1998 to 2005</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=SouthTrust_(1887%E2%80%932005)&action=edit&section=5" title="Edit section: 1998 to 2005"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>The late 1990s proved to be one of the most important times in SouthTrust's 118-year history. The bank had become one of the largest banks in the south. Birmingham had grown into the largest banking city in the south based on the number of top 50 US banks headquartered there, although not the largest by assets. In Birmingham, <a href="/wiki/AmSouth_Bancorporation" title="AmSouth Bancorporation">AmSouth Bancorporation</a>, <a href="/wiki/Compass_Bancshares" class="mw-redirect" title="Compass Bancshares">Compass Bancshares</a>, <a href="/wiki/Regions_Financial_Corporation" title="Regions Financial Corporation">Regions Financial Corporation</a> and SouthTrust all became known as the Big Four. All four banks were top 50 US banks and all headquartered in downtown Birmingham. Only New York City had more banks and no other city equaled with Birmingham.<sup id="cite_ref-3" class="reference"><a href="#cite_note-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup> In 2000 the bank made a change from being a nationally chartered bank to a state chartered bank. In 2001, SouthTrust made its first entry into the Virginia banking market when it purchased CENIT Bank. Later that same year, SouthTrust expanded in Virginia when it bought the Bank of Tidewater. From the end of 2001 to 2003, SouthTrust continued making acquisitions by buying small banks in markets in which they already operated so that it could grow its customer base. By the end of 2004, SouthTrust had $53 billion in assets and 712 branches in nine states.<sup id="cite_ref-4" class="reference"><a href="#cite_note-4"><span class="cite-bracket">[</span>4<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Merger_with_Wachovia">Merger with Wachovia</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=SouthTrust_(1887%E2%80%932005)&action=edit&section=6" title="Edit section: Merger with Wachovia"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>On Monday June 21, 2004 Wachovia Corporation announced it would buy SouthTrust in an all-stock transaction valued at $14.3 billion.<sup id="cite_ref-5" class="reference"><a href="#cite_note-5"><span class="cite-bracket">[</span>5<span class="cite-bracket">]</span></a></sup> The merger closed on November 1, 2004.<sup id="cite_ref-6" class="reference"><a href="#cite_note-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup> The Birmingham market was the last market for the conversion to the Wachovia brand which occurred in October 2005. </p> <div class="mw-heading mw-heading3"><h3 id="Criticism">Criticism</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=SouthTrust_(1887%E2%80%932005)&action=edit&section=7" title="Edit section: Criticism"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>About a year before the merger was announced, Wallace Malone, the company's CEO, quietly moved SouthTrust's commercial banking division headquarters from Birmingham to Atlanta. When the public found out, Malone quickly assured the city and employees that SouthTrust's corporate headquarters would remain in Birmingham. Soon after, when Malone was asked in a local newspaper whether he would ever consider selling the bank in the future, he responded by saying he believed SouthTrust was better on its own than combined with any other bank. Even within the company, he strongly preached to employees that the bank would stay independent.<sup id="cite_ref-7" class="reference"><a href="#cite_note-7"><span class="cite-bracket">[</span>7<span class="cite-bracket">]</span></a></sup> This caused residents of Birmingham to be blindsided when the news that SouthTrust had reached a deal to sell itself to Wachovia was announced. The biggest loss to Birmingham came from SouthTrust moving its commercial banking division to Atlanta a year before the merger was announced, and that Atlanta, not Birmingham, would end up with Wachovia's Southern Banking Group headquarters.<sup id="cite_ref-8" class="reference"><a href="#cite_note-8"><span class="cite-bracket">[</span>8<span class="cite-bracket">]</span></a></sup> Around 1,700 of the 4,000 local SouthTrust jobs were lost in Birmingham due to the merger. Many former SouthTrust Customers have defected to banks like <a href="/wiki/Regions_Financial_Corporation" title="Regions Financial Corporation">Regions</a> and <a href="/wiki/BBVA_Compass" class="mw-redirect" title="BBVA Compass">BBVA Compass</a>. </p> <div class="mw-heading mw-heading4"><h4 id="Malone's_golden_parachute"><span id="Malone.27s_golden_parachute"></span>Malone's golden parachute</h4><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=SouthTrust_(1887%E2%80%932005)&action=edit&section=8" title="Edit section: Malone's golden parachute"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>When the merger was completed, Malone's $100 million <a href="/wiki/Golden_parachute" title="Golden parachute">golden parachute</a> went into effect.<sup id="cite_ref-9" class="reference"><a href="#cite_note-9"><span class="cite-bracket">[</span>9<span class="cite-bracket">]</span></a></sup> The <a href="/wiki/New_York_Times" class="mw-redirect" title="New York Times">New York Times</a> put this figure closer to $135 million.<sup id="cite_ref-10" class="reference"><a href="#cite_note-10"><span class="cite-bracket">[</span>10<span class="cite-bracket">]</span></a></sup> Malone has stated that somewhere around 40% of that total will go into a trust for the families affected by the SouthTrust-Wachovia merger, although nothing further has been mentioned yet regarding this matter. </p> <div class="mw-heading mw-heading2"><h2 id="Trademark_acquisition">Trademark acquisition</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=SouthTrust_(1887%E2%80%932005)&action=edit&section=9" title="Edit section: Trademark acquisition"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In 2013, First National Bank of George West, based in south <a href="/wiki/Texas" title="Texas">Texas</a> and founded in 1934, acquired the rights to the name SouthTrust Bank. The new <a href="/wiki/SouthTrust_Bank" title="SouthTrust Bank">SouthTrust Bank</a> is not affiliated with the original SouthTrust Bank of Alabama, acquiring only the trademark rights to the name as an effort to distinguish their brand amongst other national banks. The new SouthTrust Bank, N. A. offers financial services in various Texas markets including <a href="/wiki/Floresville,_TX" class="mw-redirect" title="Floresville, TX">Floresville, TX</a>, <a href="/wiki/Houston,_TX" class="mw-redirect" title="Houston, TX">Houston, TX</a>, <a href="/wiki/San_Antonio,_TX" class="mw-redirect" title="San Antonio, TX">San Antonio, TX</a>, <a href="/wiki/Three_Rivers,_TX" class="mw-redirect" title="Three Rivers, TX">Three Rivers, TX</a>, <a href="/wiki/Pleasanton,_TX" class="mw-redirect" title="Pleasanton, TX">Pleasanton, TX</a>, <a href="/wiki/Channelview,_TX" class="mw-redirect" title="Channelview, TX">Channelview, TX</a>. and <a href="/wiki/George_West,_TX" class="mw-redirect" title="George West, TX">George West, TX</a>. </p> <div class="mw-heading mw-heading2"><h2 id="References">References</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=SouthTrust_(1887%E2%80%932005)&action=edit&section=10" title="Edit section: References"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1239543626">.mw-parser-output .reflist{margin-bottom:0.5em;list-style-type:decimal}@media screen{.mw-parser-output .reflist{font-size:90%}}.mw-parser-output .reflist .references{font-size:100%;margin-bottom:0;list-style-type:inherit}.mw-parser-output .reflist-columns-2{column-width:30em}.mw-parser-output .reflist-columns-3{column-width:25em}.mw-parser-output .reflist-columns{margin-top:0.3em}.mw-parser-output .reflist-columns ol{margin-top:0}.mw-parser-output .reflist-columns li{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .reflist-upper-alpha{list-style-type:upper-alpha}.mw-parser-output .reflist-upper-roman{list-style-type:upper-roman}.mw-parser-output .reflist-lower-alpha{list-style-type:lower-alpha}.mw-parser-output .reflist-lower-greek{list-style-type:lower-greek}.mw-parser-output .reflist-lower-roman{list-style-type:lower-roman}</style><div class="reflist"> <div class="mw-references-wrap"><ol class="references"> <li id="cite_note-1"><span class="mw-cite-backlink"><b><a href="#cite_ref-1">^</a></b></span> <span class="reference-text"><style data-mw-deduplicate="TemplateStyles:r1238218222">.mw-parser-output cite.citation{font-style:inherit;word-wrap:break-word}.mw-parser-output .citation q{quotes:"\"""\"""'""'"}.mw-parser-output .citation:target{background-color:rgba(0,127,255,0.133)}.mw-parser-output .id-lock-free.id-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/6/65/Lock-green.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-limited.id-lock-limited a,.mw-parser-output .id-lock-registration.id-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/d/d6/Lock-gray-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-subscription.id-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/a/aa/Lock-red-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/4/4c/Wikisource-logo.svg")right 0.1em center/12px no-repeat}body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-free a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-limited a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-registration a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-subscription a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .cs1-ws-icon a{background-size:contain;padding:0 1em 0 0}.mw-parser-output .cs1-code{color:inherit;background:inherit;border:none;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;color:var(--color-error,#d33)}.mw-parser-output .cs1-visible-error{color:var(--color-error,#d33)}.mw-parser-output .cs1-maint{display:none;color:#085;margin-left:0.3em}.mw-parser-output .cs1-kern-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right{padding-right:0.2em}.mw-parser-output .citation .mw-selflink{font-weight:inherit}@media screen{.mw-parser-output .cs1-format{font-size:95%}html.skin-theme-clientpref-night .mw-parser-output .cs1-maint{color:#18911f}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .cs1-maint{color:#18911f}}</style><cite class="citation web cs1"><a rel="nofollow" class="external text" href="http://www.thefreelibrary.com/BANKERS+FIRST+CORPORATION+ANNOUNCES+MERGER+WITH+SOUTHTRUST+CORPORATION-a017489348">"BANKERS FIRST CORPORATION ANNOUNCES MERGER WITH SOUTHTRUST CORPORATION"</a>. 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Retrieved <span class="nowrap">2012-01-26</span></span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=al.com%27s+Printer-Friendly+Page&rft.pub=Al.com&rft_id=http%3A%2F%2Fwww.al.com%2Fprinter%2Fprinter.ssf%3F%2Fbase%2Fbusiness%2F1163327391231241.xml%26coll%3D2&rfr_id=info%3Asid%2Fen.wikipedia.org%3ASouthTrust+%281887%E2%80%932005%29" class="Z3988"></span></span> </li> <li id="cite_note-8"><span class="mw-cite-backlink"><b><a href="#cite_ref-8">^</a></b></span> <span class="reference-text"><a rel="nofollow" class="external autonumber" href="http://www.wachovia.com/inside/page/0,,134_307_348_1270_5159^1049,00.html">[1]</a> <a rel="nofollow" class="external text" href="https://web.archive.org/web/20050221091637/http://www.wachovia.com/inside/page/0%2C%2C134_307_348_1270_5159%5E1049%2C00.html">Archived</a> February 21, 2005, at the <a href="/wiki/Wayback_Machine" title="Wayback Machine">Wayback Machine</a></span> </li> <li id="cite_note-9"><span class="mw-cite-backlink"><b><a href="#cite_ref-9">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFBirmingham_Business_Journal2006" class="citation web cs1">Birmingham Business Journal (2006-01-30). <a rel="nofollow" class="external text" href="http://birmingham.bizjournals.com/birmingham/stories/2006/01/30/daily4.html">"Malone to leave Wachovia; payout could exceed $100 million - Birmingham Business Journal"</a>. Birmingham.bizjournals.com<span class="reference-accessdate">. Retrieved <span class="nowrap">2012-01-26</span></span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=Malone+to+leave+Wachovia%3B+payout+could+exceed+%24100+million+-+Birmingham+Business+Journal&rft.pub=Birmingham.bizjournals.com&rft.date=2006-01-30&rft.au=Birmingham+Business+Journal&rft_id=http%3A%2F%2Fbirmingham.bizjournals.com%2Fbirmingham%2Fstories%2F2006%2F01%2F30%2Fdaily4.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3ASouthTrust+%281887%E2%80%932005%29" class="Z3988"></span> <span class="cs1-visible-error citation-comment"><code class="cs1-code">{{<a href="/wiki/Template:Cite_web" title="Template:Cite web">cite web</a>}}</code>: </span><span class="cs1-visible-error citation-comment"><code class="cs1-code">|author=</code> has generic name (<a href="/wiki/Help:CS1_errors#generic_name" title="Help:CS1 errors">help</a>)</span></span> </li> <li id="cite_note-10"><span class="mw-cite-backlink"><b><a href="#cite_ref-10">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFDash2006" class="citation web cs1">Dash, Eric (2006-01-31). <a rel="nofollow" class="external text" href="https://select.nytimes.com/gst/abstract.html?res=F50813F6355B0C728FDDA80894DE404482">"$135 Million Parachute For Banker - NYTimes.com"</a>. Select.nytimes.com<span class="reference-accessdate">. Retrieved <span class="nowrap">2012-01-26</span></span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=%24135+Million+Parachute+For+Banker+-+NYTimes.com&rft.pub=Select.nytimes.com&rft.date=2006-01-31&rft.aulast=Dash&rft.aufirst=Eric&rft_id=https%3A%2F%2Fselect.nytimes.com%2Fgst%2Fabstract.html%3Fres%3DF50813F6355B0C728FDDA80894DE404482&rfr_id=info%3Asid%2Fen.wikipedia.org%3ASouthTrust+%281887%E2%80%932005%29" class="Z3988"></span></span> </li> </ol></div></div> <div class="mw-heading mw-heading2"><h2 id="External_links">External links</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=SouthTrust_(1887%E2%80%932005)&action=edit&section=11" title="Edit section: External links"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li><a rel="nofollow" class="external text" href="http://www.southtrust.com">SouthTrust's Website</a></li> 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.navbox-group,.mw-parser-output .navbox-subgroup .navbox-title{background-color:#ddf}.mw-parser-output .navbox-subgroup .navbox-group,.mw-parser-output .navbox-subgroup .navbox-abovebelow{background-color:#e6e6ff}.mw-parser-output .navbox-even{background-color:#f7f7f7}.mw-parser-output .navbox-odd{background-color:transparent}.mw-parser-output .navbox .hlist td dl,.mw-parser-output .navbox .hlist td ol,.mw-parser-output .navbox .hlist td ul,.mw-parser-output .navbox td.hlist dl,.mw-parser-output .navbox td.hlist ol,.mw-parser-output .navbox td.hlist ul{padding:0.125em 0}.mw-parser-output .navbox .navbar{display:block;font-size:100%}.mw-parser-output .navbox-title .navbar{float:left;text-align:left;margin-right:0.5em}body.skin--responsive .mw-parser-output .navbox-image img{max-width:none!important}@media print{body.ns-0 .mw-parser-output .navbox{display:none!important}}</style></div><div role="navigation" class="navbox" aria-labelledby="Wells_Fargo" style="padding:3px"><table class="nowraplinks hlist mw-collapsible autocollapse navbox-inner" style="border-spacing:0;background:transparent;color:inherit"><tbody><tr><th scope="col" class="navbox-title" colspan="3"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><style data-mw-deduplicate="TemplateStyles:r1239400231">.mw-parser-output .navbar{display:inline;font-size:88%;font-weight:normal}.mw-parser-output .navbar-collapse{float:left;text-align:left}.mw-parser-output .navbar-boxtext{word-spacing:0}.mw-parser-output .navbar ul{display:inline-block;white-space:nowrap;line-height:inherit}.mw-parser-output .navbar-brackets::before{margin-right:-0.125em;content:"[ "}.mw-parser-output .navbar-brackets::after{margin-left:-0.125em;content:" ]"}.mw-parser-output .navbar li{word-spacing:-0.125em}.mw-parser-output .navbar a>span,.mw-parser-output .navbar a>abbr{text-decoration:inherit}.mw-parser-output .navbar-mini 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template">e</abbr></a></li></ul></div><div id="Wells_Fargo" style="font-size:114%;margin:0 4em"><a href="/wiki/Wells_Fargo" title="Wells Fargo">Wells Fargo</a></div></th></tr><tr><td class="navbox-abovebelow" colspan="3" style="font-weight:bold;"><div> <ul><li><a href="/wiki/History_of_Wells_Fargo" title="History of Wells Fargo">History</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Founders</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Henry_Wells" title="Henry Wells">Henry Wells</a></li> <li><a href="/wiki/William_Fargo" title="William Fargo">William Fargo</a></li></ul> </div></td><td class="noviewer navbox-image" rowspan="7" style="width:1px;padding:0 0 0 2px"><div><span typeof="mw:File"><a href="/wiki/File:Wells_Fargo_Logo_(2020).svg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/e/e2/Wells_Fargo_Logo_%282020%29.svg/65px-Wells_Fargo_Logo_%282020%29.svg.png" decoding="async" width="65" height="65" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/e/e2/Wells_Fargo_Logo_%282020%29.svg/98px-Wells_Fargo_Logo_%282020%29.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/e/e2/Wells_Fargo_Logo_%282020%29.svg/130px-Wells_Fargo_Logo_%282020%29.svg.png 2x" data-file-width="300" data-file-height="300" /></a></span></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Board_of_directors" title="Board of directors">Board of directors</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Charles_Scharf" title="Charles Scharf">Charles Scharf</a> (CEO)</li> <li><a href="/wiki/Charles_Noski" title="Charles Noski">Charles Noski</a> (chairman)</li> <li><a href="/wiki/Steven_Black_(businessman)" title="Steven Black (businessman)">Steven Black</a></li> <li>Mark A. Chancy</li> <li>Celeste A. Clark</li> <li>Theodore F. Craver</li> <li>Wayne M. Hewett</li> <li>Donald M. James</li> <li>Maria R. Morris</li> <li>Richard B. Payne</li> <li>Juan A. Pujadas</li> <li>Ronald L. Sargent</li> <li>Suzanne M. Vautrinot</li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Divisions</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Wells_Fargo_Advisors" title="Wells Fargo Advisors">Wells Fargo Advisors</a></li> <li>Wells Fargo Bank</li> <li>Wells Fargo Financial</li> <li>Wells Fargo Home Mortgage</li> <li>Wells Fargo Insurance Services</li> <li>Wells Fargo Securities</li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Historical components</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Abbot-Downing_Company" title="Abbot-Downing Company">Abbot-Downing Company</a></li> <li><a href="/wiki/ABD_Insurance_%26_Financial" title="ABD Insurance & Financial">ABD Insurance & Financial</a></li> <li><a href="/wiki/Atlantic_National_Bank" title="Atlantic National Bank">Atlantic National Bank</a></li> <li><a href="/wiki/A._G._Edwards" title="A. G. Edwards">A. G. Edwards</a></li> <li><a href="/wiki/Bache_%26_Co." title="Bache & Co.">Bache & Co.</a></li> <li><a href="/wiki/Bank_of_Baltimore" title="Bank of Baltimore">Bank of Baltimore</a></li> <li><a href="/wiki/Bank_of_North_America" title="Bank of North America">Bank of North America</a></li> <li><a href="/wiki/Bowles_Hollowell_Conner_%26_Co." title="Bowles Hollowell Conner & Co.">Bowles Hollowell Conner & Co.</a></li> <li><a href="/wiki/Century_Bank" title="Century Bank">Century Bank</a></li> <li><a href="/wiki/CoreStates_Financial_Corporation" title="CoreStates Financial Corporation">CoreStates Financial</a></li> <li><a href="/wiki/Crocker_National_Bank" title="Crocker National Bank">Crocker National Bank</a></li> <li><a href="/wiki/Evergreen_Investments" title="Evergreen Investments">Evergreen Investments</a></li> <li><a href="/wiki/Fidelity_Trust_Company" title="Fidelity Trust Company">Fidelity Trust</a></li> <li><a href="/wiki/First_Commerce_Bancshares" title="First Commerce Bancshares">First Commerce Bancshares</a></li> <li><a href="/wiki/First_Interstate_Bancorp" title="First Interstate Bancorp">First Interstate Bancorp</a></li> <li><a href="/wiki/First_National_Bank_(Philadelphia)" title="First National Bank (Philadelphia)">First National Bank (Philadelphia)</a></li> <li><a href="/wiki/First_Pennsylvania_Bank" title="First Pennsylvania Bank">First Pennsylvania Bank</a></li> <li><a href="/wiki/First_Security_Corporation" title="First Security Corporation">First Security</a></li> <li><a href="/wiki/First_Union" title="First Union">First Union</a></li> <li><a href="/wiki/Florida_National_Bank" title="Florida National Bank">Florida National Bank</a></li> <li><a href="/wiki/Garden_State_National_Bank" title="Garden State National Bank">Garden State National Bank</a></li> <li><a href="/wiki/Georgia_Railroad_and_Banking_Company" title="Georgia Railroad and Banking Company">Georgia Railroad Bank</a></li> <li><a href="/wiki/Golden_West_Financial" title="Golden West Financial">Golden West Financial</a></li> <li><a href="/wiki/Halsey,_Stuart_%26_Co." title="Halsey, Stuart & Co.">Halsey, Stuart & Co.</a></li> <li><a href="/wiki/National_Bank_of_Alaska" title="National Bank of Alaska">National Bank of Alaska</a></li> <li><a href="/wiki/Norwest_Corporation" title="Norwest Corporation">Norwest</a></li> <li><a href="/wiki/Prudential_Securities" title="Prudential Securities">Prudential Securities</a></li> <li><a href="/wiki/Southeast_Banking_Corporation" title="Southeast Banking Corporation">Southeast Bank</a></li> <li><a href="/wiki/SouthTrust_(1887-2005)" class="mw-redirect" title="SouthTrust (1887-2005)">SouthTrust</a></li> <li><a href="/wiki/Wachovia" title="Wachovia">Wachovia</a></li> <li><a href="/wiki/Wachovia_Securities" title="Wachovia Securities">Wachovia Securities</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Former components</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Allspring_Global_Investments" title="Allspring Global Investments">Allspring Global Investments</a></li> <li><a href="/wiki/H.D._Vest" class="mw-redirect" title="H.D. Vest">H.D. Vest</a></li> <li><a href="/wiki/Pamlico_Capital" title="Pamlico Capital">Pamlico Capital</a></li> <li><a href="/wiki/Tillie_the_All-Time_Teller" title="Tillie the All-Time Teller">Tillie the All-Time Teller</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Buildings</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/One_Wells_Fargo_Center" title="One Wells Fargo Center">One Wells Fargo Center</a></li> <li><a href="/wiki/Wells_Fargo_Center_(Denver)" title="Wells Fargo Center (Denver)">Wells Fargo Center (Denver)</a></li> <li><a href="/wiki/Wells_Fargo_Center_(Jacksonville)" class="mw-redirect" title="Wells Fargo Center (Jacksonville)">Wells Fargo Center (Jacksonville)</a></li> <li><a href="/wiki/Wells_Fargo_Center_(Los_Angeles)" title="Wells Fargo Center (Los Angeles)">Wells Fargo Center (Los Angeles)</a></li> <li><a href="/wiki/Wells_Fargo_Center_(Minneapolis)" title="Wells Fargo Center (Minneapolis)">Wells Fargo Center (Minneapolis)</a></li> <li><a href="/wiki/Wells_Fargo_Center_(Portland,_Oregon)" title="Wells Fargo Center (Portland, Oregon)">Wells Fargo Center (Portland, OR)</a></li> <li><a href="/wiki/Wells_Fargo_Center_(Sacramento)" title="Wells Fargo Center (Sacramento)">Wells Fargo Center (Sacramento)</a></li> <li><a href="/wiki/Wells_Fargo_Center_(Salt_Lake_City)" title="Wells Fargo Center (Salt Lake City)">Wells Fargo Center (Salt Lake City)</a></li> <li><a href="/wiki/DocuSign_Tower" class="mw-redirect" title="DocuSign Tower">Wells Fargo Center (Seattle)</a></li> <li><a href="/wiki/Wells_Fargo_Place" title="Wells Fargo Place">Wells Fargo Place</a></li> <li><a href="/wiki/Wells_Fargo_Plaza_(El_Paso)" title="Wells Fargo Plaza (El Paso)">Wells Fargo Plaza (El Paso)</a></li> <li><a href="/wiki/Wells_Fargo_Plaza_(Houston)" title="Wells Fargo Plaza (Houston)">Wells Fargo Plaza (Houston)</a></li> <li><a href="/wiki/Wells_Fargo_Plaza_(Phoenix)" class="mw-redirect" title="Wells Fargo Plaza (Phoenix)">Wells Fargo Plaza (Phoenix)</a></li> <li><a href="/wiki/Wells_Fargo_Center_(Philadelphia)" title="Wells Fargo Center (Philadelphia)">Wells Fargo Center (Philadelphia)</a></li> <li><a href="/wiki/Shipt_Tower" title="Shipt Tower">Wells Fargo Tower (Birmingham)</a></li> <li><a href="/wiki/Wells_Fargo_Tower_(Colorado_Springs)" title="Wells Fargo Tower (Colorado Springs)">Wells Fargo Tower (Colorado Springs)</a></li> <li><a href="/wiki/Duke_Energy_Center" class="mw-redirect" title="Duke Energy Center">Duke Energy Center</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">History</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/History_of_Wells_Fargo" title="History of Wells Fargo">History of Wells Fargo</a></li> <li><a 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