Contact:
Tara Bullock
(704) 383-8164
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July 23, 1998
First Union Promotes Ann Sapp To Madison City President
MADISON, Fla. P Ann C. Sapp has been promoted to First Union's Madison city president.
In her new role as city president, Sapp will oversee all banking operations including investments, lending, insurance and general banking services for Madison. A seasoned banking professional with more than 29 years of experience in the financial services industry, Sapp has series 6 and 63 investment licenses and life and variable annuity insurance licenses.
"Ann has excelled in every position she has held during her years with First Union. She is an excellent role model for success and leads her team by example," said Paul Hyson, First Union area president. "I look forward to working with Ann in her new role as city president."
She is actively involved as a member of Hopewell Baptist Church, director of Madison Kiwanis Club and member Madison Historical Society. A native of Madison, Sapp is married to Dozier E. "Buddy" Sapp and has three children.
First Union Corporation (NYSE:FTU) is a leading provider of financial services to more than 16 million retail and corporate customers throughout the East Coast and the nation. At June 30, 1998, First Union had assets of $229 billion and total stockholders' equity was $17 billion. The company operates full service banking offices in Connecticut, Delaware, Florida, Georgia, Maryland, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia and Washington, D.C.
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