For more on the financial crisis, check out GlobeSt.com’s Webinar , “Wall Street In a Freefall—The Winners and Losers.”

CHARLOTTE, NC-Monday’s merger of locally-based Wachovia Corp. with New York City-based Citigroup Inc. could go a lot more smoothly in markets where both banks don’t have large volumes of redundancy, particularly in the Southeast, according to commercial real estate observers. Wachovia is a dominant name on bank branches and office buildings in many markets where Citigroup has only a minimal presence.

“I don’t think there is a tremendous amount of overlap,” Nicholas Schorsch, chairman and CEO of American Realty Capital Trust Inc., tells GlobeSt.com. Schorsch, whose firm divests excess single-tenant properties such as bank branches, adds that the expanded network will put Citigroup in a better position to rival the nation’s largest banks from a customer service standpoint.

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