Contact:
Tara Bullock
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Media Contact:
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August 11, 1998
First Union Names Tom Ray to Area President
SARASOTA, FL - Thomas Ray has been named area president for Sarasota and Manatee counties. In addition, he is the commercial sales manager for the Gulf Coast region, which encompasses Sarasota, Manatee, Charlotte, Lee and Collier counties. Ray joins First Union from Barnett/NationsBank where he was senior retail executive for Sarasota and Charlotte counties.
As First Union's Sarasota and Manatee area president, Ray will focus on meeting the financial needs of local businesses and individuals. He will work closely with First Union's private banking and trust to provide financial solutions for consumers with a relationship banking need. Ray is a seasoned banking professional that has more than 18 years of financial services experience.
"Tom's broad base of experience, his knowledge of the market and his involvement in the Sarasota community make him a perfect fit for his new responsibilities as area president," said Dick Botthof, regional president, First Union - Gulf Coast.
Ray graduated from Florida State University with a bachelor's of science degree in finance and received a master's degree in business administration from the University of South Florida. He is actively involved in the Community Foundation, Brunch on the Bay Committee and Take Stock in 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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