PRESS RELEASES

Media Contact: Karen Kitzmiller
(704) 374-2026

October 11, 2000
First Union's Municipal Securities Group Adds Bill Hall to Enhance its Investment Banking Business

CHARLOTTE, N.C. - First Union has hired Bill Hall to lead its investment banking effort for public sector clients in the Virginia / Maryland / Washington, D.C., region. Hall reports to Alex Wallace, head of the Municipal Securities Group for First Union.

Hall is responsible for expanding First Union's investment banking presence, including senior- and co-managed debt opportunities, as well as marketing and delivering First Union's extensive capital markets offerings, such as credit enhancements and private placements.

Hall most recently served as Deputy Chief Financial Officer and Treasurer for the District of Columbia. He managed the District's cash and liquid assets, including custody and deposits of all public funds, acted as the District's representative to the rating agencies, maintained relations with senior policy makers and the debt market, engaged in capital markets borrowings, and managed several economic development-financing programs designed to assist the city in its economic recovery program. Prior to that he was Chairman and CEO of Wall Street Financial Group, Inc. He also has held senior-level public finance positions for W.R. Lazard & Company, Shearson Lehman Hutton, and Manufacturers Hanover Trust Company. Hall also has served as Community Schools Superintendent in New York City as well as Assistant Schools Superintendent for Business Affairs in Hartford, Conn.

"Bill has spent his entire 26-year career serving or working with the public sector. That knowledge and his unique perspective are critical to our focus on the government, educational and not-for-profit client base," said Wallace. "His investment banking experience and his solid relationships in the public sector are consistent with the goals of our business model. I'm extremely confident in Bill's ability to helps us grow our presence considerably in this region."

Hall attended Howard University, and he received an MBA from Harvard Business School and an Ed.M., C.A.S. and Ed.D. from Harvard School of Education. He will remain located in Washington, D.C.

The Municipal Securities Group, which is part of First Union's Public Sector Group, is responsible for the firms public finance and municipal finance efforts.
About First Union Corporation
First Union (NYSE:FTU), with $258 billion in assets and stockholders' equity of $14 billion at June 30, 2000, is a leading provider of financial services to 15 million retail and corporate customers throughout the East Coast and the nation. The company operates full-service banking offices in 12 East Coast states and Washington, D.C., and full-service brokerage offices in 44 states and international offices worldwide. Online banking products and services can be accessed through www.firstunion.com.

Email This Page

Printer Friendly Version