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PRESS RELEASES


July 27, 2001
Wachovia Announces Dividend for Third Quarter of 2001

Wachovia Corporation's board of directors today declared a third quarter dividend of $.60 per common share payable Sept. 4, 2001, to shareholders of record on Aug. 10.

The dividend is unchanged from the previous quarter and the second quarter of 2000. Year to date, the dividend will total $1.80 per share, up 7.1 percent from $1.68 per share paid in 2000.

Wachovia Corporation is a major interstate financial holding company offering banking and financial services to individuals primarily in Florida, Georgia, North Carolina, South Carolina and Virginia and to corporations and institutions throughout the United States and globally. Wachovia Corporation is headquartered in Winston-Salem, N.C., and Atlanta and had assets of $74.8 billion at June 30, 2001.


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