“Mike is one of the top real estate leaders in the industry, and this is an important time for our Real Estate Financial Services business,” said Ben Jenkins, head of Wachovia's General Bank. “Mike will provide strong, long-term leadership as we continue the expansion of our real estate franchise and our push to be the dominant provider of Real Estate Financial Services.”
Wachovia's Real Estate Financial Services group delivers a full array of products and services to commercial and residential real estate clients in more than 30 markets including those all along the East Coast from Connecticut to Florida plus Alabama, Tennessee, Mississippi, Illinois, Texas, Arizona and California.
Slocum returns to the Real Estate Financial Services role following a successful term as the company's regional chief executive for its banking operations in the Connecticut, New Jersey and New York area. He led the company's entry into the Long Island market and was instrumental in elevating Wachovia’s presence and profile in Manhattan.
An 18-year Wachovia veteran, Slocum has also held company leadership roles as Real Estate Banking Executive for Florida and Georgia and Commercial Banking Manager for Atlanta.
Slocum holds a B.A. in Economics from Colgate University. He is active in the community, serving as a board member of Teach For America New York City, the New Jersey Chamber of Commerce and The Newark Alliance. He was the corporate chairman of the Alliance for Lupus Research's 2005 New Jersey Walk with Us to Cure Lupus. He is also the 2006 recipient of the Brooke Russell Astor Philanthropy Award from the Citizens for New York City.
Glenn Eubanks, the previous head of Real Estate Financial Services, retired in April.
About Wachovia
Wachovia Corporation (NYSE:WB) is one of the nation's largest diversified financial services companies, providing 13.4 million household and business relationships with a broad range of banking, asset management, wealth management and corporate and investment banking products and services. Wachovia operates as Wachovia Bank through 3,159 offices in 16 states from Connecticut to Florida and west to Texas, and, until merger integration activity is completed, will continue to be known as Western Financial Bank in California. Two core businesses operate under the Wachovia Securities brand name: retail brokerage in 49 states and in Latin America, and corporate and investment banking in selected industries nationwide. Globally, Wachovia serves clients through more than 40 international offices. Online banking is available at wachovia.com; online brokerage products and services at wachoviasec.com, and investment products and services at evergreeninvestments.com. Wachovia had assets of $541.8 billion, market capitalization of $90.2 billion and stockholders' equity of $49.8 billion at March 31, 2006.
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