CoreStates Financial Corporation, a bank holding company, was based in Philadelphia. It offered retail, corporate, and small business banking; international trade finance; cash management; and other financial services. It was also a pioneer in electronic banking. As of
December 31, 1997, its consolidated assets totaled approximately $48.5 billion and shareholders’ equity totaled approximately $3.2 billion.

CoreStates’ stock was listed on the New York Stock Exchange (NYSE) under the ticker
symbol CFL.

CoreStates is acquired

CoreStates Logo
In April 1998, CoreStates was acquired by First Union, creating the sixth-largest banking company in the United States. On September 1, 2001, First Union and Wachovia merged to form Wachovia Corporation.

In 2008, Wells Fargo & Company acquired Wachovia Corporation, including First Union.

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