The merger gives First Union the leading market share in Virginia. The combined organization has 14 million commercial and consumer customers and total assets of $155 billion, based on results as of September 30, 1997. First Union continues to rank as the sixth-largest bank holding company in the country.
First Union, widely recognized for its expertise in quickly integrating mergers, expects to complete systems conversions by mid-March 1998, at which time First Union signs will be installed on Signet branches. The transition period will pose no inconvenience to Signet customers, who can continue using their existing ATM-debit cards, credit cards and checks until they receive new First Union cards and checks by mail.
First Union is a leading provider of financial services to retail and corporate customers throughout the East Coast and the nation. It is the nation's sixth-largest bank holding company with assets of $144 billion as of September 30, 1997.
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