Signet Banking - Ownership and Business Overview

Financial ServicesCompany

Signet Banking Ownership

Who owns Signet Banking?

Signet Banking is owned by Wachovia. It was acquired on July 21, 1997.

Signet Banking Business Overview

Where is Signet Banking headquartered?

Signet Banking is headquartered in Richmond, Virginia.

What sector is Signet Banking in?

Signet Banking is a financial services company.

Financial Services M&A Summary in 1997

Out of 60 sectors in the Mergr database, financial services ranked 2 in number of deals in 1997. The largest financial services acquisition in 1997 was Signet Banking - which was acquired by Wachovia for $3.3B.

Join Mergr to view all 43 acquisitions of financial services companies in 1997, including 7 acquisitions by private equity firms, and 36 by strategics.

Signet Banking Corporation

Richmond, Virginia
United States,

Signet Banking Corporation was a regional bank serving the Mid-Atlantic US. The Bank was based in Richmond, Virginia.


M&A Summary

Buy vs Sell

Year ≤ '89 '90 '91 '92 '93 '94 T
Buy (0.0/yr) # - - - - - - 0
Sell (0.2/yr) # - - - - - 1 1
  1

Most Recent M&A

Company Date Value Type
Capital One Financial Corp. 1994-07-28 - Spin Off
McLean, Virginia · www.capitalone.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services - - 1 (100%) -
Total - - 1 -

By Geo

State/Country Buy Value Sell Value
United States - - 1 -
  Virginia - - 1 -
Total - - 1 -

Company Summary

SECTOR

Financial Services

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