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Wachovia Corp. shareholders recently approved a merger agreement with Wells Fargo&Co., which will double the size of Wells Fargo's ATM network (CardLine, 12/23). Charlotte, N.C.-based Wachovia and San Francisco-based Wells Fargo expect to finalize the agreement this week, which means Wells will operate a coast-to-coast ATM network of 12,227 machines. That makes Wells' ATM network the nation's third largest behind Charlotte, N.C.-based Bank of America Co., and JP Morgan Chase &Co. of New York. Bank of America owns 18,531 ATMs and JP Morgan Chase owns 14,272 ATMs. Wells Fargo owns 6,950 ATMs and Wachovia owns 5,277 ATMs.
