Big Banks Turn Focus to Atlanta
(AJC) — If there’s one profession happy about the turmoil in metro Atlanta banking, it might be the guys who hang signs. Not only has the state led the nation in bank failures since mid-2008 — mostly small community outfits — but there have also been a lot of changes the past few years here among the national players. Wachovia sold out in 2008, the same year Washington Mutual folded. Royal Bank of Canada announced in June that it was selling its American retail bank. Enter Wells Fargo, Chase and soon PNC. Wells Fargo has taken over the No. 2 position in the Atlanta market and actually hired about 300 people since its acquisition of Wachovia. Chase landed in the Top 20 here when it picked up the dying WaMu.