Vachovia Banking, based in Charlotte, North Carolina, is the largest banking chain in the United Confederate States and was found and still run by the Strong family, one of the wealthiest families in the country. Vachovia is a diversified financial services company that provides a broad range of banking, asset management, wealth management, and corporate an investment banking products and services. It is one of the largest providers of financial services in the United Confederate States, operating financial centers in all 14 states. It also serves retail brokerage clients and investment banking clients in selected industries nationwide.
Vachovia is divided into four divisions: General Bank, Wealth Management, Capital Management, and Corporate and Investment Banking. The general bank services retail, small business and commercial customers. The bank is number one by national deposit market share. Wealth management serves the high net worth, personal trust, and insurance business. Vachovia is number one in wealth management in the Confederacy. Capital management provides asset management, retirement, and retail brokerage services. Vachovia is currently the largest full service retail brokerage house. The corporate and investment bank is a fully integrated capital raising, market making, and financial advisory services bank.