PHILANTHROPY JOURNAL: BUSINESS AS USUAL AT WACHOVIA PHILANTHROPIC SERVICES

“While it could take them more than a year to completely consolidate, the charitable-services groups at Wachovia and Wells Fargo have begun sharing information about their respective strategies and the scope of their operations. And in the wake of the Dec. 31 merger between the two banks, business continues as usual at Wachovia Trust Nonprofit and Philanthropic Services and at Wells Fargo’s Charitable Management Group, their top executives say.

“The team is intact and nothing has changed in terms of products, services and staff,” says H. King McGlaughon, managing executive at Wachovia’s charitable-services operation, which is based in Winston-Salem. Michael P. Vinyon, Minneapolis-based national director and senior vice president for Wells Fargo’s charitable-services operation, says the “goal of this merger is to make it as smooth as possible and have as a result the best of the two organizations.”