Welcome to SouthTrust.com. In November 2004, SouthTrust Corporation merged with Wachovia Corporation. Wachovia.com is now the primary Internet home page for all Wachovia and former SouthTrust customers—as well as the many heritage organizations that make up the fabric of Wachovia. The shared values of SouthTrust and Wachovia are closely interwoven in the company that moves forward today as a leader in financial services, building a reputation as the national leader in customer service.
Birmingham Trust and Savings Company, the predecessor company to SouthTrust, opened its doors for the first time on Dec. 9, 1887. Fifty-nine years later the company sought a national bank charter and assumed the name Birmingham Trust National Bank. BTNB formed the first one-bank holding company in Alabama in 1968 and then a multi-bank holding company in 1972 before later assuming a regional identity in 1981 as SouthTrust Corporation. Birmingham Trust National Bank officially became SouthTrust Bank of Alabama the next year. Through internal growth and a series of mergers and acquisitions, SouthTrust built a network of offices across the Southeast offering commercial and retail customers banking and related financial services in Alabama, Florida, Georgia, Mississippi , North Carolina, South Carolina, Tennessee, Texas and Virginia.
Being a leader in banking and financial services is inherent to the heritage of today's organization. Wachovia, through predecessor banks, traces its history to the Bank of North America—the first bank proposed, chartered and incorporated in America in 1781 and the first bank in the country to open its doors in January of 1782. Many "firsts" are found in the company history—including setting up the country's first time payment department to provide consumer loans, becoming the first in the Southeast to computerize its operations, and establishing the nation's first satellite network to link branches for data transmission. Along the way, the company's predecessors established an equally remarkable record for serving the needs of their customers and communities. SouthTrust contributes to that heritage as the first financial institution in the nation to introduce what was termed at the time an "automated central information system" in 1971. Through the years the company also was consistently recognized for its customer service and financial performance.
As part of the Wachovia heritage, many of the features of the following SouthTrust products are available:
- Silver Service
- SouthTrust Direct Checking
- Dimension Financial Management Account
- MedAccount
- MediBanc
Wachovia Corporation (NYSE:WB) is one of the largest providers of financial services to retail, brokerage and corporate customers, with banking operations from Connecticut to Florida and west to Texas, and retail brokerage operations nationwide. Wachovia had assets of $520.8 billion, market capitalization of $82.3 billion and stockholders' equity of $47.6 billion at December 31, 2005.
Wachovia's four core businesses, the General Bank, Capital Management, Wealth Management, and the Corporate and Investment Bank, serve more than 13 million household and business relationships primarily through 3,131 offices in 15 states and Washington, D.C. Its full-service retail brokerage firm, Wachovia Securities, LLC, also serves clients through 719 offices in 49 states, Washington, D.C., and six Latin American countries. The Corporate and Investment Bank serves clients in selected industries nationwide. Global services are offered through 40 offices around the world. Online banking and brokerage products and services also are available through Wachovia.com.
