when was the first union
Founded in 1908 as Union National Bank, First Union was the sixth-largest banking company in the United States as of December 31, 2000. It held assets totaling more than $254 billion, with banking operations in 11 East Coast states and Washington, D.C., and brokerage operations in 47 states nationwide.n September 1, 2001, First Union and Wachovia merged to create the leading retail bank presence on the East Coast and the fifth-largest full-service retail broker-dealer in the United States.