CoreStates Financial Corporation
CoreStates Financial Corporation, previously known as Philadelphia National Bank (PNB), was an American bank holding company in the Philadelphia, Pennsylvania, metropolitan area.
| Industry | Bank holding company |
|---|---|
| Founded | 1803 (As "The Philadelphia Bank") |
| Defunct | 1998 |
| Fate | Acquired by First Union Corporation |
| Successor | Wells Fargo (formerly Wachovia/First Union) |
| Headquarters | Philadelphia |
| Products | Financial services |
The bank was renamed in the mid-1980s after a series of mergers. After being acquired by First Union Corporation, which later also acquired Wachovia National Bank to become Wachovia Corporation, CoreStates Financial Corporation became a part of Wells Fargo in 2008 when Wachovia (formerly known as First Union) was acquired by that company.
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