Wachovia stock
Wachovia (WB): bought by Wells Fargo 31 Dec 2008. Peak price $59.85 a share (Q2 2006). Final price $5.87 a share (31 Dec 2008). Wachovia and the other defunct companies are on one page, each with its dates, prices and sources.
Key dates and prices
| Ticker | WB |
|---|---|
| Peak price | $59.85 a share, Q2 2006 |
| Share basis | Wachovia common (NYSE: WB), quarterly high from the annual report |
| Final price | $5.87 a share, 31 Dec 2008 (stock deal value at close) |
| What happened | Bought by Wells Fargo, 31 Dec 2008 |
| Checked | 27 Sep 2026 |
What happened
Wachovia was based in Charlotte, North Carolina.
On Sep 29, 2008, regulators arranged for Citigroup to buy Wachovia's banking operations with FDIC help, saying its failure would have posed a systemic risk.
On Oct 3, 2008, Wells Fargo topped that deal with an all-stock offer valued at about $15.1 billion, or about $7 a share.
Wachovia shares had closed at $3.91 the day before the Wells Fargo offer, down from $10 a week earlier.
The merger closed on Dec 31, 2008, when each Wachovia share became 0.1991 Wells Fargo shares and the WB symbol was retired.
Cause: Mortgage losses, forced sale. Two rescue bids in four days. Wells won, 2008.
What was the ticker symbol for Wachovia stock?
Wachovia traded under the ticker WB. Wachovia: bought by Wells Fargo 31 Dec 2008.
What was the peak price of Wachovia stock?
The peak price was $59.85 a share, in Q2 2006. Share basis: Wachovia common (NYSE: WB), quarterly high from the annual report.
What was the final price of Wachovia stock?
The final price was $5.87 a share, on 31 Dec 2008 (stock deal value at close). Wachovia: bought by Wells Fargo 31 Dec 2008.
Checked 27 September 2026. History, not advice.
Sources: sec.gov, abcnews.com, nbcnews.com, occ.treas.gov, sec.gov, sec.gov