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PRESS RELEASES


June 13, 2001
InternetWeek Magazine Names Wachovia as Top Performer in the InternetWeek 100

Wachovia has been named by InternetWeek magazine as one of the top 100 e-businesses nationwide, according to the second annual InternetWeek 100 survey. The magazine's June 11 issue lists top performers in an extensive two-month study of performance and practices of Internet-enabled businesses in 10 major industries across the country.

InternetWeek 100

See the complete listing of the InternetWeek 100 in alphabetical order.

"We are honored to be recognized in the InternetWeek 100 this year," said Lawrence G. Baxter, Wachovia executive vice president and head of the eBusiness Division. "Wachovia is strongly committed to providing our customers with state of the art technologies and a full suite of online products and services. To be acknowledged for our accomplishments is a testament to the success of our online strategies and e-commerce initiatives."

InternetWeek used rigorous, performance-oriented metrics to highlight the top 100 e-businesses that are leveraging Internet technologies to deliver superior results.

"Wachovia was chosen from hundreds of participating companies," said Art Pfenning, director of editorial research for InternetWeek magazine. "To come out in the top 100 through quantifiable research and analysis validates Wachovia as a successful e-business – a leader in business transformation."

In November 2000, Wachovia was the first company to provide wireless cash management services. Wachovia’s Web site at www.wachovia.com was the first in the country to feature fully transactional investing and banking. The site also allows customers to apply for a variety of loans and credit products, as well as access online retirement and insurance services.

About InternetWeek magazine:

CMP Media’s InternetWeek magazine (www.internetweek.com) is the news and analysis source for 275,000 information technology and corporate managers applying Internet technologies and strategies to transform their businesses. With a history of innovation and thought leadership, InternetWeek is the only newspaper with an Internet/IT editorial focus – meeting the informational needs of e-business stakeholders charged with delivering results and driving business to survive in today’s competitive marketplace.

About Wachovia Corporation:

Wachovia Corporation, www.wachovia.com, with dual headquarters in Atlanta and Winston-Salem, N.C., is a leading financial holding company serving regional, national and international markets. At March 31, 2001, Wachovia had assets of $75.6 billion. Member companies offer consumer and commercial banking, bank card, asset and wealth management, capital markets and investment banking, brokerage and insurance services. Wachovia Bank, N.A., the principal subsidiary, has more than 650 offices and 1,350 ATMs primarily in Florida, Georgia, North Carolina, South Carolina and Virginia.

Please note: Links to websites outside wachovia.com are provided for information purposes only. External sites are not owned, sponsored or endorsed by Wachovia, and Wachovia is not responsible for their content.


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