Contact:
Marianna Sheridan
704-383-3715
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May 01, 1998
First Union Completes Acquisition of Bowles Hollowell Conner
CHARLOTTE - First Union Corporation has completed its previously announced acquisition of Bowles Hollowell Conner & Co., a leading investment banking firm headquartered in Charlotte.
"Bowles Hollowell is a substantial addition to our investment banking platform ," said Ken Thompson, executive vice president and co-head of First Union's Capital Markets Group. "Their well-established merger and acquisition advisory capabilities, combined with their strong private equity group relationships will immediately enhance our ability to serve clients and leverage our comprehensive capital markets product line."
First Union's existing M&A group will combine with Bowles and operate under the name Bowles Hollowell Conner & Co., a division of First Union Capital Markets Group, and will be led by Steve Cummings, chairman and CEO of Bowles Hollowell Conner.
First Union provides a comprehensive range of capital markets solutions including merger and acquisition advisory, high yield finance, leveraged finance, equity underwriting, private placements, loan syndications, risk management and public finance.
First Union is a leading provider of financial services to more than 16 million retail and corporate clients throughout the East Coast and the nation. It is the sixth-largest bank holding company in the U.S. with assets of $172 billion at March 31, 1998.
-- FTU --
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