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August 25, 1999
First Union Announces New Appointments to General Bank Leadership
CHARLOTTE, N.C. - Benjamin P. Jenkins III, Vice Chairman and head of the General Bank, announced today several new appointments to the leadership team within First Union's General Bank.
Thomas H. Pacer, currently president of First-Union Georgia, assumes executive responsibilities as head of the Commercial Bank Group. In this position, Pacer's primary responsibilities involve oversight of Global Cash Management, Small Business Banking, First Union Small Business Capital, Commercial Loan Services and strategic planning for the Commercial Bank. Pacer succeeds current Commercial Bank Group head Ben Maffitt who will support Pacer in his transition to this new role and will assume a new assignment within First Union. Pacer reports directly to Jenkins.
Jenkins also announced that Hugh C. Long II, regional president of First Union's Washington, D.C. area, moves to Atlanta to succeed Pacer as president of First Union-Georgia. Long, who is responsible for all retail and commercial banking operations in Georgia, has served as the regional president in Washington since 1993.
In addition, Samuel A. Schreiber moves from president of First Union's South Jersey region to Washington, D.C., to serve as First Union's regional president for the Washington, D.C., area. Schreiber served as South Jersey regional president since 1996.
Also, James E. Fitzgerald Jr., regional president for North Jersey, becomes the general banking group head for First Union's Atlantic Region, which comprises New Jersey, New York and Connecticut.
"The contributions of these leaders to the General Bank team will solidify our move to bring only the best experience to First Union customers," said Jenkins. "All of these individuals bring a tremendous passion for customer service and overall leadership skills to bear on our growing businesses."
The General Bank serves First Union's retail and commercial customers from Connecticut to Key West.
First Union (NYSE: FTU) is a leading provider of financial services to more than 16 million customers throughout the East Coast and the nation. At June 30, 1999, First Union had assets of $230 billion and total stockholder's equity of $16 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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