PRESS RELEASES

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December 1997
November 1997
October 1997
September 1997
August 1997
July 1997
June 1997
May 1997
April 1997
March 1997
February 1997
January 1997

December 1997

December 30, 1997
SOUTHEAST'S ECONOMY EXPECTED TO CONTINUE STABLE GROWTH IN 1998

December 29, 1997
FTU ANNOUNCES SALE OF $1.1 BILLION CREDIT CARD PORTFOLIO

December 22, 1997
FTU RECEIVES "OUTSTANDING" RATING FOR COMMUNITY REINVESTMENT PROGRAM

December 19, 1997
FIRST UNION CAPITAL MARKETS CORP. ADVISED HESTER INDUSTRIES IN MERGER

December 11, 1997
FIRST UNION CAPITAL MARKETS CORP. PRICES $407.4 MILLION HOME-EQUITY SECURITIES OFFERING

December 11, 1997
THE D.C. REINVESTMENT ALLIANCE AND THE OFFICE OF BANKING AND FINANCIAL INSTITUTIONS FOR THE DISTRICT OF COLUMBIA AGREE TO AMEND FIRST UNION'S "COMMUNITY DEVELOPMENT PLAN"

December 10, 1997
FIRST UNION LAUNCHES NEW CAP

December 10, 1997
FIRST UNION RECEIVES CORPORATE LEADERSHIP AWARD FROM THE NATIONAL COUNCIL OF NEGRO WOMEN, INC.

December 02, 1997
FIRST UNION BOOSTS PERFORMANCE GUIDELINES--AGAIN

December 01, 1997
FIRST UNION COMPLETES MERGER WITH SIGNET BANK, CREATING LEADING BANK IN VIRGINIA

November 1997

November 26, 1997
FIRST UNION RECEIVES FED APPROVAL FOR WHEAT FIRST MERGER

November 24, 1997
SLEIGH BELLS WON'T BE THE ONLY THING RINGING THIS HOLIDAY SEASON

November 20, 1997
FIRST UNION CAPITAL MARKETS CORP., LEHMAN BROTHERS PRICE $2.2 BILLION OF MORTGAGE-BACKED SECURITIES

November 13, 1997
SIGNET SHAREHOLDERS APPROVE MERGER WITH FIRST UNION

November 10, 1997
FIRST UNION RECEIVES OCC APPROVAL FOR SIGNET MERGER; CONSUMMATION DATE SET FOR NOVEMBER 28, 1997

October 1997

October 31, 1997
CONSUMER CONFIDENCE BUILDS AND SPENDING SURGES

October 31, 1997
FIRST UNION COMPLETES HIGH YIELD BOND OFFERING FOR T/SF COMMUNICATIONS

October 31, 1997
FIRST UNION CORPORATION BOARD ELECTS JOHN GEORGIUS PRESIDENT

October 30, 1997
SOUTHEAST BENEFITING FROM CHANGING U.S. ECONOMY

October 29, 1997
FIRST UNION NAMES BUCKLAND HEAD OF FLORIDA'S GENERAL BANKING GROUP; PEARCE PROMOTED TO JACKSONVILLE AREA PRESIDENT

October 28, 1997
FIRST UNION NAMES PRESIDENT OF HOME EQUITY BANK

October 22, 1997
FIRST UNION AGREES TO EMPLOYMENT CLASS ACTION SETTLEMENT

October 21, 1997
DEKALB SCHOOL TEACHER WINS $25,000 IN FIRST UNION CAP INVESTMENT CHALLENGE

October 21, 1997
FIRST UNION CORPORATION DECLARES CASH DIVIDEND ON COMMON STOCK

October 20, 1997
FIRST UNION CAPITAL MARKETS CORP., BEAR, STEARNS & CO. PRICE SECURITIES OFFERING BACKED BY AFFORDABLE MORTGAGES

October 20, 1997
FIRST UNION TAPS REID FOR GENERAL BANKING EXECUTIVE

October 15, 1997
FIRST UNION REPORTS RECORD EARNINGS, UP 14% TO 90 CENTS PER SHARE

October 14, 1997
FEDERAL RESERVE BOARD APPROVES FIRST UNION'S ACQUISITION OF SIGNET BANK

October 06, 1997
EVERGREEN KEYSTONE FUNDS CHANGE NAME TO EVERGREEN FUNDS

October 06, 1997
TONY TERRACCIANO, FIRST UNION PRESIDENT, TO RETIRE AT YEAR-END

October 03, 1997
HODNETT AND CARROLL TO LEAD FIRST UNION-FLORIDA; PACER BECOMES PRESIDENT IN GEORGIA

September 1997

September 29, 1997
FIRST UNION COMPLETES BOND OFFERING FOR GREENVILLE'S EMERGENT GROUP, INC.

September 25, 1997
FIRST UNION JOINS INTEGRION FINANCIAL NETWORK

September 24, 1997
FIRST UNION EXPANDS INTO TURKEY, INDONESIA AND EGYPT

September 23, 1997
FIRST UNION PROMOTES HAWKINS TO SVP AND MANAGER OF INTERNATIONAL PRODUCT SERVICES GROUP

September 22, 1997
FIRST UNION MARKETING EXECUTIVE WINS CORPORATION'S TOP AWARD

September 19, 1997
FIRST UNION AND BANCO SANTANDER ANNOUNCE PRICING OF $2.5 BILLION COMMON STOCK OFFERING

September 15, 1997
FIRST UNION EXPANDS INVESTMENT MANAGEMENT FOCUS ON INSTITUTIONAL MARKET

September 15, 1997
LOUISIANA'S ECONOMY CONTINUES B GROWTH

September 12, 1997
FIRST UNION COMPLETES ASSET-BACKED SECURITIES OFFERING FOR HELLER FINANCIAL

September 11, 1997
FIRST UNION FILES REGISTRATION STATEMENT FOR PRIMARY AND SECONDARY OFFERING OF COMMON STOCK

August 1997

August 20, 1997
FIRST UNION TO ACQUIRE WHEAT FIRST BUTCHER SINGER, INC. CAPITAL MARKETS AND RETAIL BROKERAGE CAPABILITIES ENHANCED

August 18, 1997
FIRST UNION COMPLETES PRIVATE PLACEMENT FOR NEW YORK GIANTS

August 12, 1997
FIRST UNION CAPITAL MARKETS EXPANDS FOCUS ON REAL ESTATE FINANCE

August 05, 1997
FIRST UNION TO ACQUIRE COVENANT BANCORP, A SOUTHERN NEW JERSEY BANKING COMPANY WITH 16 OFFICES AND $454 MILLION IN ASSETS

August 04, 1997
ANTONINI JOINS FIRST UNION AS HEAD OF CONSUMER GROUP

July 1997

July 31, 1997
FIRST UNION CAPITAL MARKETS CORP. COMPLETES $405.6 MILLION SECURITIZATION OF STUDENT LOANS

July 31, 1997
SECOND QUARTER GDP NOT REALLY A BUST

July 30, 1997
FIRST UNION CORPORATION EXPANDS COMMERCIAL REAL ESTATE FINANCE BUSINESS TO SOUTHWEST

July 30, 1997
FIRST UNION TO ANCHOR 27-STORY TOWER IN UPTOWN CHARLOTTE; PEDESTRIAN ARCADE TO LINK COLLEGE AND TRYON

July 21, 1997
FIRST UNION AND SIGNET ANNOUNCE MERGER AGREEMENT: COMBINED COMPANY TO BE VIRGINIA'S LEADING FINANCIAL SERVICES PROVIDER

July 10, 1997
FIRST UNION REPORTS RECORD EARNINGS, UP 13% TO 87 CENTS PER SHARE

July 02, 1997
FIRST UNION HIRES ELLINWOOD TO HEAD PUBLIC FINANCE IN THE NORTHEAST FIRST UNION CORP. AND GUILFORD COLLEGE ANNOUNCE THE FIRST N.C. COLLEGE SMART CARD PROGRAM

July 01, 1997
FIRST UNION CORP. AND GUILFORD COLLEGE ANNOUNCE THE FIRST N.C. COLLEGE SMART CARD PROGRAM

June 1997

June 26, 1997
FIRST UNION AND GTE TESTING DIGITAL CERTIFICATES FOR ONLINE BANKING APPLICATION

June 19, 1997
FIRST UNION HIRES DIRECTORS IN FLORIDA, GEORGIA TO SERVE FINANCIAL NEEDS OF NONPROFIT GROUPS

June 18, 1997
FIRST UNION TO REDEEM 71/2 PERCENT DEBENTURES

June 17, 1997
FIRST UNION BOARD APPROVES STOCK SPLIT AND INCREASES CASH DIVIDEND

June 10, 1997
FIRST UNION NAMED A FINALIST IN THE 1997 COMPUTERWORLD SMITHSONIAN AWARDS FOR ITS REMOTE BANKING SERVICES

June 04, 1997
FIRST UNION HIRES CARTER TO LEAD PUBLIC FINANCE EFFORTS IN THE CAROLINAS, GEORGIA, TENNESSEE

June 02, 1997
FEDERAL RESERVE APPROVES FIRST UNION'S MOVE INTO EQUITY UNDERWRITING

May 1997

May 30, 1997
FIRST UNION CORPORATION EXPANDS COMMERCIAL REAL ESTATE FINANCE BUSINESS TO WEST COAST

May 29, 1997
FIRST UNION CAPITAL MARKETS CORP., LEHMAN BROTHERS SELL $1.3 BILLION OF MORTGAGE-BACKED SECURITIES

May 27, 1997
FIRST UNION CONTINUES COMMITMENT TO CAPITAL MANAGEMENT GROUP WITH APPOINTMENT OF FLUHME

May 20, 1997
NEW RESULTS FINDS THAT PAYING BILLS RANKS AS WORST HOUSEHOLD TASK

May 19, 1997
FIRST UNION FORMS PARTNERSHIP WITH THE HARTFORD TO OFFER CUSTOMIZED INSURANCE TO SMALL BUSINESSES

May 12, 1997
FIRST UNION BROKERAGE SERVICES NAMES SAPONARO NEW NATIONAL SALES MANAGER

May 08, 1997
FIRST UNION OFFERS FINANCIAL SERVICES AND PERSONAL CARE MANAGEMENT

April 1997

April 22, 1997
ELECTRONIC BILL PAYMENT? BUT IS IT REALLY?

April 21, 1997
FIRST UNION UNDERWRITES AWARD FOR EXCELLENCE IN TREASURY MANAGEMENT

April 14, 1997
FIRST UNION'S SMALL BUSINESS LENDING EFFORTS RECOGNIZED BY HISPANIC BUSINESS MAGAZINE

April 10, 1997
FIRST UNION'S EARNINGS INCREASE TO A RECORD $1.67 PER SHARE, UP 11%

March 1997

March 31, 1997
FIRST UNION SUPPORTS YOUTH BASEBALL WITH COOPERSTOWN LITTLE MAJOR AFFINITY CARD

March 17, 1997
FIRST UNION EXPANDS INVESTMENT MANAGEMENT FOCUS ON WEALTH MARKET

March 07, 1997
FIRST UNION BECOMES THE FINANCIAL CHOICE OF THE BRAVES' AND TURNER FIELD

March 03, 1997
FIRST UNION SELECTED AS A "PREMIER 100" COMPANY ON THE INTERNET BY COMPUTER WORLD

February 1997

February 26, 1997
FIRST UNION LAUNCHES MAJOR BRAND IDENTITY ADVERTISING CAMPAIGN

February 21, 1997
FIRST UNION APPOINTS COMPAQ'S GARRITY AS ADVERTISING EXECUTIVE

February 18, 1997
FIRST UNION ADVISED HOMEMAKER INDUSTRIES IN ITS RECENT RECAPITALIZATION BY ADVENT INTERNATIONAL

February 18, 1997
FIRST UNION CORPORATION DECLARES CASH DIVIDEND ON COMMON STOCK

February 14, 1997
BUILDING WITH CASH EXEC KEEPS BANK UNTI'S FOCUS ON CLIENT NEEDS

February 13, 1997
FIRST UNION CAPITAL MARKET CORP. NAMES MILES SALES MANAGER OF TAXABLE BONDS

February 12, 1997
FIRST UNION COMPLETES $200 MILLION LOAN DEAL FOR FIELDCREST CANNON

February 11, 1997
FIRST UNION INTRODUCES FREQUENT FLYER PROGRAM FOR VISA BUSINESS CARD CUSTOMERS

February 06, 1997
FIRST UNION CASH MANAGEMENT DIVISION ONE OF FASTEST GROWING IN COUNTRY

January 1997

January 31, 1997
GDP DATA MAKE ECONOMY LOOK REALLY HOT, BUT IT'S REALLY NOT, SAYS FIRST UNION ECONOMIST

January 27, 1997
FIRST UNION INTRODUCES NEW PAYMENT SERVICE FOR INTERNET SHOPPERS

January 16, 1997
FIRST UNION'S OPERATING EARNINGS INCREASE 19% TO $6.31 PER SHARE

January 14, 1997
FIRST UNION ESTABLISHES GRANT TO FUND DIVERSITY PROGRAM

January 13, 1997
FIRST UNION ANNOUNCES STOCK REPURCHASE

January 13, 1997
FIRST UNION BYPASSES INAUGURAL-BALL SPONSORSHIP IN FAVOR OF $50,000 DONATION TO BIG BROTHERS/BIG SISTERS

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