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PRESS RELEASES


Media Contact:   Karen Kitzmiller
(704) 374-2026

September 29, 2000
First Union Names Carlos E. Evans Commercial Segment Executive Director

CHARLOTTE, N.C. - First Union has named Carlos E. Evans executive director of the company's commercial segment, reporting to Thomas H. Pacer, EVP and head of First Unions Commercial Bank.

Evans will have responsibility for the execution of First Union's strategy to be the preferred financial solutions provider for commercial customers. He will be accountable for the overall performance of First Union's commercial segment and will provide direction and leadership for the segment sales force.

"Carlos' track record speaks for itself. His vast experience in commercial banking added to his unwavering focus and commitment on customers makes him a tremendous addition to the First Union team," Pacer said. "We are fortunate to have him on board, and I am absolutely confident in Carlos' ability to ensure the success of First Union and our customers."

Evans has spent his entire 27-year career in financial services. Before joining First Union, he served as Bank of America's Carolinas Commercial Bank executive vice president, responsible for the bank's commercial business in North and South Carolina and the Municipal and Public Finance business corporate-wide.

A native of Florence, S.C., Evans graduated from Newberry College with a Bachelor of Science degree in economics. He also graduated from the Commercial Lending School in Norman, Okla., and the Colgate Darden Commercial Lending School at the University of Virginia.

Evans, 49, is located in Charlotte, N.C., and currently serves as Chair of the Board of The H. Lee Atwater Foundation and is a past chair of the Board of Discovery Place, Inc., and The Carolinas Partnership. He also has served on the Board of Directors and the Executive Committee of the Charlotte Chamber of Commerce, YMCA of Greater Charlotte, Children's Theater of Charlotte, Mecklenburg Council Boy Scouts of America, Newberry College, and Mecklenburg County United Way and has served on the General Board of North Carolina Citizens for Business and Industry, the Winthrop University Foundation, the American Community Service Network, the Psarus Foundation, Central Piedmont Community College, and INROADS.

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.


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