Wells Fargo is buying Wachovia at about $7 / share ($15.1 billion). Wachovia stock price is up over 66% in pre-market trading. Bank consolidations will continue to happen. You still should make sure you are within FDIC limits, but Wachovia customers, your money appears safe. Stay tuned My Bank Tracker for more advice on what to do with your money in these crisis times.

Source: https://www.reuters.com/article/us-wachovia-wellsfargo-idUSTRE4923HU20081003

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