Contact:
Arati Sontakay
(704) 383-6996
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March 25, 1998
First Union Adds Higher Education Expert William Bloom to its Growing Public Finance Business
SUMMIT, N.J. - First Union has expanded its Public Finance Department by hiring William E. Bloom as a Director based in Summit, N.J. Bloom will focus on higher education finance with a primary geographic emphasis on First Union's Eastern seaboard franchise area.
Bloom joins the New Jersey-based team, led by Managing Director Charles R. Ellinwood, that manages First Union's higher education finance efforts from Connecticut to Florida. The group works with First Union's government bankers who have responsibility for expanding the company's public sector business by providing clients with a full range of capital markets and commercial banking products.
"Bill Bloom is a respected banker in the higher education field who will add yet another dimension of knowledge and experience to First Union Capital Markets' efforts in this very important market sector," said Sandy Curlett, First Union Managing Director of Public Finance. "We are delighted that he chose to join us."
Bloom is a 12-year veteran of Philadelphia-based investment banking firm A.H. Williams & Co. where he focused on financings for colleges, universities, higher education authorities and other nonprofits throughout the Northeast. He has an undergraduate degree from Lehigh University.
First Union Capital Markets and Wheat First Union are the investment banking divisions of Wheat First Securities Inc., the section 20 subsidiary of First Union Corporation. Together, they provide a comprehensive range of capital markets solutions to clients including public finance, equity underwriting, merger and acquisition advisory, high yield finance, private placements, loan syndications and risk management. Wheat First Securities Inc. is a registered broker/dealer and SIPC member. Commercial banking products are offered by First Union National Bank, an affiliate of Wheat First Securities Inc.
Charlotte-based First Union (NYSE:FTU) is a leading provider of financial services to more than 12 million retail and corporate customers throughout the East Coast and the nation. At December 31, 1997, First Union was the nation's sixth largest bank with assets of $157 billion.
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