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PRESS RELEASES

August 24, 2001
Republic Security Branches Become Wachovia Offices Today

Republic Security Bank branches began using the Wachovia name today (Aug. 24). The name change follows the merger of Republic Security Bank into Wachovia Bank, N.A. Wachovia Corporation completed its merger with Republic Security Financial Corporation on March 1.

Republic Security Bank branches closed Thursday, Aug. 23, at 2 p.m. as Republic Security systems began the conversion to Wachovia. The branches opened today under the Wachovia name. Signage changes are expected to be completed during the weekend.

"Republic Security branches will have a new name today, and the commitment to providing exceptional service does not change," said Rebekah M. Lowe, Wachovia’s integration manager for the Republic Security merger. "Bankers who have come together from Republic Security and Wachovia are prepared and eager to help customers achieve their financial goals and fulfill their financial needs. In the coming weeks, we look forward to the opportunity to introduce customers to the full array of Wachovia services."

Wachovia Bank, N.A. is the principal subsidiary of Wachovia Corporation, an interstate financial holding company with assets of $74.8 billion as of June 30, 2001. Wachovia Bank has nearly 650 offices and 1,350 ATMs primarily in Florida, Georgia, North Carolina, South Carolina and Virginia. Wachovia has 79 branches and 86 ATMs in Florida.

This news release contains forward-looking statements regarding Wachovia Corporation. All forward-looking statements involve risk and uncertainty and actual results could differ materially from the anticipated results or other expectations expressed in the forward-looking statements. A discussion of factors that could cause actual results to differ materially from those expressed in the forward-looking statements is included in Wachovia’s filings with the Securities and Exchange Commission.


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