Wells Fargo & Co. announced on Friday that it has united its asset-based lending units in Canada with those it acquired when it bought Wachovia Corp. in 2008 under a single brand.

Wachovia Capital Finance Corporation (Canada), Wells Fargo Business Credit Canada ULC and Wells Fargo Foothill Canada ULC will now operate under the trade name Wells Fargo Capital Finance. The combined firm will provide services from traditional asset-based lending and accounts receivable financing to custom solutions.

“Bringing our Canadian businesses together under this new identity completes the work we began in December, when we first introduced the name in the U.S.,” said Peter Schwab, head of Wells Fargo Capital Finance.

IE