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OCC Approves Conversion and Merger of Wachovia, Westcorp and WFS Financial Inc.

Publication: Business Wire
Publication Date: 13-FEB-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
IRVINE, Calif. -- Wachovia Corp. (NYSE:WB), Westcorp (NYSE:WES) and WFS Financial Inc (NASDAQ:WFSI) today announced that on Feb. 13, 2006, the Office of the Comptroller of the Currency approved both the conversion of Western Financial Bank from a federal savings association to a national banking association and the merger of Wachovia Bank, N.A. with and into the converted institution. OCC approval was the last remaining regulatory approval needed to enable Westcorp and WFS Financial to proceed with the previously announced mergers with Wachovia.

On Jan. 6, 2006, Westcorp and WFS Financial Inc shareholders approved the proposed merger with Wachovia Corp.

The Westcorp and WFS Financial mergers are expected to close in...

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