CHARLOTTE -- A decision about Charlotte-based Wachovia is still up in the air on Wednesday, after a scheduled ceasefire deadline has now been extended to 8 a.m. Friday.

Wachovia, Citigroup and Wells Fargo had agreed to wait on legal proceedings over the purchase of Wachovia until noon on Wednesday. While the corporations debate, employees, customers and shareholders of Wachovia have been waiting to see what their future holds.

Citigroup first announced that it would take over the bank for a little over $2 billion. A few days later, Wells Fargo came in with a better offer for $15 billion. The spat between the two lead them to court.

According to The Wall Street Journal, Citigroup is now looking for potential partners in its bid for Wachovia. It wants to get a bigger share of Wachovia’s deposits but not take over the entire company. Citigroup was trying to line up other companies -- including non-banks -- to join its bid, but it wasn’t clear who the bank approached or how the alliance would be structured.

Federal regulators have been meeting for several days trying to put an end to the argument, while the possibility of splitting Wachovia is still viable.

According to one published report, Wells Fargo could get the bulk of the bank – as much as 80 percent of Wachovia – including branches in the Southeast. The remaining 20 percent would go to Citigroup, which would get branches in the Northeast.

At Tuesday night’s county commissioners meeting, Chamber of Commerce president Bob Morgan discussed ways to save as many Wachovia jobs as possible, saying that it will not be known how many jobs will be impacted until the deal is announced.

Even after that it could take weeks to really know the impact.

Stay tuned to News 14 Carolina for much more on the Wachovia negotiations.