PRESS RELEASES

Media Contact: Leah Dering
704-383-0551

February 05, 2004
John Ciccarone Hired by Wachovia's Global Payment Services Group as US Dollar Payments and Americas Region Market Consultant

Charlotte, N.C. - Wachovia announced today that John Ciccarone has joined the International Division's Global Payments Services Group as vice president and market consultant for the Global Financial Institutions Americas and US Dollar Payment Products groups. Ciccarone will report to Sheila Gray, director and manager of the Global Payments Consultants Group.

"John brings extensive knowledge in the international payments industry to this position," Gray said. "We're confident that he will play a valuable role in leading our strategic international product development initiatives."

Ciccarone will be responsible for leading the Division's global and regional business product development strategy, in addition to serving as market consultant for the Americas Region. He will be based in Philadelphia.

Ciccarone joins Wachovia from ABN Amro where he was a vice president in the Product and Services Group. Prior to that, he worked in various positions in the International Division at Bankers Trust. Ciccarone earned his MBA in finance from Temple University.

Global Payment Services

Wachovia's Global Payment Services Group is responsible for coordinating sales, marketing, brand development and product development for Wachovia Bank's core international payment, check and collections and account services. The group delivers payment solutions to the bank's traditional customer segments, including financial institutions around the world, embassies, government agencies and multilateral organizations.

Wachovia's International Division

Wachovia's International Division has a 200-year legacy in international correspondent banking, is the world leader in SWIFT message type 700 trade volume and third-party trade processing, and maintains more than 3,000 correspondent relationships in more than 130 countries. In Europe, Wachovia has five offices in the major financial capitals - London, Paris, Milan, Madrid and Frankfurt. The International Banking Group is also a leader in letter of credit volume, and was the first bank in the world to allow its customers to initiate letters of credit by accessing a Wachovia Web site.

About Wachovia

Wachovia Corporation (NYSE:WB) is one of the largest providers of financial services to retail, brokerage and corporate customers throughout the East Coast and the nation, with assets of $401 billion, market capitalization of $61 billion and stockholders' equity of $32 billion at Dec. 31, 2003. Its four core businesses, the General Bank, Capital Management, Wealth Management, and the Corporate and Investment Bank, serve 9 million households, including 900,000 businesses, primarily in 11 East Coast states and Washington, D.C. Its broker-dealer, Wachovia Securities, LLC, serves clients in 49 states. Global services are provided through 32 international offices. Online banking and brokerage products and services also are available through Wachovia.com.

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