Wachovia Converts to Wells Fargo: 'Change was Seamless'
Wachovia customers can retain their account numbers and bank cards, in spite of the name change.
The bank's signs may have changed from blue to red, but it's not going to cost customers any green.
The conversion was the result of a merger approved by the Board of Governors of the Federal Reserve in October 2008. Before the merger, the California-based bank had about $609 billion in assets. As of June 2011, Wells Fargo & Company had about $1.3 trillion in assets.
But Kristy Kemp, manager for the Perry Hall bank, said customers won't notice any major differences, aside from a few new banking services.
"The change was seamless," Kemp said. "Account numbers and balances will stay the same."
The bank retained all of the same employees through the change.
Customer Sandy Willis, who regularly drives from her Baltimore City home to use the bank, said she was concerned about the name change until she realized, "it doesn't really impact me at all. I can keep using my Wachovia check card until it expires."
Willis said she plans to continue using the company. "I don't like messing with my banks," she said.
In addition to the new signs, a mural of historical Perry Hall photos was installed near the bank's entrance.
A ribbon-cutting event, including local politicians and refreshments is planned for 10 a.m. Thursday, Kemp said.