Atlanta National Bank - 1910 dated Georgia Banking Stock Certificate - Now Wachovia
Inv# BS1100 Stock
Stock. On December 12, 1986, Wachovia completed the acquisition of First Atlanta. Originally established as Atlanta National Bank on September 14, 1865, and subsequently renamed First National Bank of Atlanta, this institution holds the distinction of being the oldest national bank in Atlanta. This acquisition positioned Wachovia among the select few companies with dual headquarters, located in Winston-Salem and Atlanta. In 1991, Wachovia expanded into the South Carolina market by acquiring South Carolina National Corporation, which was founded as the Bank of Charleston in 1834. The year 1998 saw Wachovia's acquisition of two banks based in Virginia: Jefferson National Bank and Central Fidelity Bank. In 1997, Wachovia also acquired both 1st United Bancorp and American Bankshares Inc., marking its initial foray into the Florida market. The final acquisition by Wachovia occurred in 2000, when it purchased Republic Security Bank.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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