I'm not sure if this is good news, but it sounds promising:
In an abrupt change of course, Wachovia Corp. said Friday it agreed to be acquired by Wells Fargo & Co. in a $15.1 billion all-stock deal, wiping out Wachovia's previous plan to sell its banking operations to rival suitor Citigroup Inc.A key difference is that the Wachovia deal will be done without government assistance, while the Citigroup deal would have been done with the help of the Federal Deposit Insurance Corp.
''This deal enables us to keep Wachovia intact and preserve the value of an integrated company, without government support,'' Robert Steel, Wachovia's president and chief executive, said in a statement.
So, it looks like my new bank - and the new bank of many others in northern Virginia - will soon be Wells Fargo. No more Wachovia to "Walk Over Ya" or "Watch Over You," whatever the case may be.