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PRESS RELEASES


Media Contact:   Andy Fisher
(704) 383-8164

September 03, 2003
WACHOVIA TAPS JOE MCGUIRE AS DEALER FINANCIAL SERVICES SALES MANAGER FOR CAROLINAS, EASTERN TENNESSEE

CHARLOTTE, N.C. - Wachovia Bank, N.A., has named Joe McGuire of Winston-Salem as the Dealer Financial Services (DFS) Sales Manager for the Carolinas and Eastern Tennessee. He will be based in Winston-Salem.

"Joe brings valuable experience, knowledge and drive to DFS," said David Stevens, head of Dealer Financial Services. "He will help position DFS for continued growth with these important markets."

McGuire has spent 17 years with Wachovia Dealer Financial Services. He has served as field representative, dealer credit manager and regional sales manager. Following the First Union/Wachovia merger, McGuire served as the commercial portfolio manager for the line of business.

McGuire earned his bachelor's degree in business administration from Western Carolina University.

About Dealer Financial Services
Wachovia's Dealer Financial Services offers automobile, recreation vehicle and yacht dealers a full-range of financial services solutions such as treasury management, indirect retail financing, floorplan financing, 401(k) money management, commercial leasing, credit and depository services, personal wealth and investment management, and insurance services.

About Wachovia
Wachovia Corporation (NYSE:WB) is one of the largest providers of financial services to retail, brokerage and corporate customers throughout the East Coast and the nation, with assets of $364 billion and stockholders' equity of $32 billion at June 30, 2003. The company operates full-service banking offices in 11 East Coast states and Washington, D.C., and offers retail brokerage services in 48 of the 50 states. Global services are provided through more than 30 international offices. Online banking and brokerage products and services are available through wachovia.com.

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