First Union Corporation

In a deal announced in June 1992, First Union acquired South Carolina Federal Corp. Acquired Dominion Bankshares in 1997. In April 1998, First Union acquired CoreStates Financial Corporation, headquartered in Philadelphia. First Union acquired Bowles Hollowell Connor & Co. on April 30, 1998. On June 30, 1998, First Union paid $2.1 billion for The Money Store. Two years later, it closed the unit, writing off $1.7 billion in losses. On April 16, 2001, First Union announced it would merge with Wachovia.