PRESS RELEASES

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December 1998
November 1998
October 1998
September 1998
August 1998
July 1998
June 1998
May 1998
April 1998
March 1998
February 1998
January 1998

December 1998

December 18, 1998
First Union Global Cash Management Ranks as Third Largest in 1998 Ernst & Young Survey

December 15, 1998
First Union Corporation Increases Cash Dividend on Common Stock

December 03, 1998
First Union Recognized for Fair Lending Commitment

December 01, 1998
First Union Extends Business Advisory Expertise with the Addition of the Mid-Atlantic Companies, LTD

November 1998

November 19, 1998
First Union Announces $1.2 Million Grant to Sponsor PBS' Most Popular Prime-time Series Antiques Roadshow

November 19, 1998
First Union's Global Cash Management Division Introduces Nationwide Lockbox Network

November 19, 1998
First Union's Global Cash Management Division Presents a Total Solution for Entire Billing Process

November 05, 1998
First Union Institutional Debt Management, Inc. Expands Professional Staff

November 04, 1998
First Union Announces Stock Repurchase Program

November 03, 1998
First Union Promotes Debra Warren to President and CEO of First Union Mortgage Corp.

October 1998

October 28, 1998
First Union Closes $45 Million Private Placement for Major Florida-based Chemical Manufacturer

October 21, 1998
Vanguard Furniture Company Consolidates Retirement Services with First Union

October 20, 1998
First Union Announces Executive Promotions for John Georgius, Kennedy Thompson and Charles Coltman

October 20, 1998
First Union Corporation Declares Cash Dividend on Common Stock

October 14, 1998
First Union Posts Record Operating Earnings, up 35%

October 13, 1998
First Union Awards Fort Myers Resident a New BMW Z3 Convertible in its Sign & Drive Promotion

October 13, 1998
First Union Certificate Authority Selects VeriSign OnSite 4.0

October 01, 1998
First Union Makes Electronic Bill Presentment and Bill Payment a Reality

September 1998

September 30, 1998
First Union Doubles "America's Promise" Education Pledge to 2.4 Million Volunteer Hours

September 24, 1998
First Union Launches Major TV Advertising Campaign

September 14, 1998
First Union Gives $1 Million to Build National Constitution Center

September 08, 1998
First Union Global Cash Management Launches WebACHieve

September 08, 1998
First Union Selected for Working Mother 100; Announces Day Care Expansion

August 1998

August 31, 1998
First Union Promotes Todd Rowley to Senior Vice President

August 31, 1998
First Union to Build Distribution Center

August 28, 1998
First Union Completes $60 Million Private Placement for Major Pennsylvania Auto Parts Manufacturer

August 25, 1998
First Union to Form New Company

August 11, 1998
First Union Names Tom Ray to Area President

August 07, 1998
First Union Commemorates Grand Opening of Kennesaw Financial Center

July 1998

July 31, 1998
First Union Economic Analysis: GDP (Product) Weak, but GDD (Demand) Still Strong

July 28, 1998
First Union Hits a Home Run with Braves Season Opener Promotion

July 28, 1998
First Union Promotes Chris Daniels to Area President

July 23, 1998
First Union Promotes Ann Sapp To Madison City President

July 22, 1998
First Union Hires Bill Binneveld As Personal Trust Specialist

July 21, 1998
First Union To Extend International Asset Management Capabilities With Acquisition Of Analytic-TSA International, Inc.

July 17, 1998
First Union Real Estate Capital Markets Increases California Presence With New Offices In Los Angeles And San Francisco

July 15, 1998
First Union Adds Connecticut-based Investment Banker Mark Piscatelli to its Growing Public Finance Business

July 14, 1998
Revenue Growth Drives First Union's Quarterly Operating EPS up 24%

July 08, 1998
First Union Economic Outlook: GDP Will Stumble in Summer, but Should Regain Footing by Yearend

July 07, 1998
First Union Offers First Ever Animated SpotCards

July 07, 1998
Leah Kittleson Wins $25,000 in First Union "Cap Account Investment Challenge"

July 03, 1998
First Union Establishes Account for Fire Victims, Announces Special Financial Offers

June 1998

June 30, 1998
First Union Announces Executive Director, Chair and Mission of Regional Foundation

June 30, 1998
First Union Completes Merger with the Money Store

June 30, 1998
First Union-MARTA Smart Card Relationship Proves Excellent Testing Ground

June 25, 1998
First Union Contributes $200,000 to Help Control Florida Wildfires

June 24, 1998
First Union Establishes Banking Partnership with Villanova University

June 23, 1998
First Union Global Cash Management Holds Electronic Commerce Seminar

June 19, 1998
First Union Regional Executive Mac McDonald to Retire; Jenkins Named to Top Post

June 16, 1998
First Union Corporation Increases Cash Dividend on Common Stock

June 16, 1998
First Union Elects New Board Members

June 12, 1998
First Union Economic Analysis: South Carolina's Smaller Communities Feel Benefit of State's Continued Prosperity

June 11, 1998
First Union Capital Markets is Lead Manager on $115 Million High Yield Financing for Fresh Foods Acquisition

June 08, 1998
First Union Management to Recommend Dividend Increase to Corporate Board

June 04, 1998
Banyan Elementary School Teacher Wins $25,000 in First Union "CAP Account Investment Challenge"

June 04, 1998
Miami Couple Wins $25,000 in First Union "CAP Account Investment Challenge"

June 01, 1998
First Union Celebrates National Small Business Week by Offering Small Businesses Special Products

May 1998

May 28, 1998
First Union Capital Markets, Lehman Brothers Pool 664 Loans in Latest Commercial Mortgage Securitization Package Priced at More Than $3.4 Billion

May 28, 1998
First Union Global Cash Management Holds Treasury Management Seminar

May 27, 1998
First Union Waives Foreign ATM Fees for First Union, CoreStates Customers, Announces ATM Enhancements

May 26, 1998
First Union Introduces CAP Account Asset Management Tool Throughout Former CoreStates System

May 19, 1998
First Union Global Cash Management Commits $70 Million for Product Development

May 15, 1998
First Union to Open Multi-lingual Call Center

May 13, 1998
Ft. Myers Resident Wins $25,000 in First Union "CAP Account Investment Challenge"

May 13, 1998
Jacksonville Resident Wins $25,000 in First Union "CAP Account Investment Challenge"

May 11, 1998
First Union Promotes Cash Management Head Nina Archer to Executive Vice President

May 08, 1998
First Union Announces Board Nominations Associated With CoreStates Merger

May 06, 1998
First Union Partners with Smart Start to Expand "Read Aloud" Program Statewide

May 01, 1998
First Union Completes Acquisition of Bowles Hollowell Conner

April 1998

April 30, 1998
A GDP Paradox: Asia and El Nino Boost First Quarter Growth

April 27, 1998
First Union Completes Merger with CoreStates, Creating Largest Bank on Eastern Seaboard

April 21, 1998
First Union Corporation Declares Cash Dividend on Common Stock

April 14, 1998
Solid Revenue Growth Propels First Union's Record Earnings

April 13, 1998
First Union Receives Federal Reserve Approval for Merger with CoreStates

April 06, 1998
First Union Gets "A+" Grades for Cash Management Products in National Phoenix-Hecht Quality Index

April 03, 1998
Evergreen Grows $100 Million in a Day

April 01, 1998
First Union Announces Sale of $1.1 Billion Credit Card Portfolio

April 01, 1998
First Union Launches New Global Capital Markets Initiative

March 1998

March 26, 1998
First Union Offers Tornado Victims Assistance

March 25, 1998
First Union Adds Higher Education Expert William Bloom to its Growing Public Finance Business

March 13, 1998
First Union Names Doyle Head of Fixed Income Research

March 10, 1998
First Union to Expand Investment Banking Capabilities with Acquisition of Bowles Hollowell Conner

March 04, 1998
First Union and the Money Store Sign Merger Agreement

March 02, 1998
First Union Extends Line of CAP Accounts to Small Businesses

February 1998

February 27, 1998
More Than 90% of CoreStates and First Union Shareholders Approve Merger

February 26, 1998
First Union Announces its First National Arts Sponsorship at National Gallery of Art; Ties Sponsorship to Education

February 25, 1998
First Union Provides One-stop Shopping for Galey & Lord Acquisition

February 24, 1998
First Union Announces $13 Billion in Community Investments in Merger with CoreStates

February 24, 1998
First Union's Branches are Open and Ready to Assist Residents Affected by Monday's Storm

February 20, 1998
First Union Cash Management Ranks Among the Nation's Fastest Growing in Ernst & Young Survey

February 20, 1998
First Union Forms Specialized Group to Serve Textile, Apparel and Furnishings Industries

February 09, 1998
First Union Gives Florida Residents Opportunity to "Play the Market;" Participants Test Their Stock Savvy in CAP Account Investment Challenge for $25,000 Prize

February 03, 1998
Small Business Growth Means More Jobs in Virginia, Maryland and Washington, D.C.

February 02, 1998
First Union Completes Acquisition of Wheat First

January 1998

January 29, 1998
First Union Names CoreStates' Heavener to Head Combined Company's International Division

January 27, 1998
First Union Promotes Davis to Georgia Banking Executive

January 26, 1998
First Union Pledges to "Keep Florida Green;" Unique Opportunities Ahead for Florida Consumers and Businesses

January 21, 1998
First Union Posts Record Operating Earnings in 1997

January 16, 1998
First Union Completes Acquisition of Covenant

January 15, 1998
First Union to Bring Capital Markets Positions to Philadelphia

January 13, 1998
First Union Meets Unique Financial Needs of Women

January 13, 1998
First Union and CoreStates Announce Key Philadelphia Leadership Roles

January 13, 1998
First Union to Bring Hundreds of Additional Call Center Jobs to Richmond

January 08, 1998
Covenant Shareholders Approve Acquisition by First Union

January 08, 1998
First Union Adds International Expert to Team of Economists

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