Media Contact:
Elizabeth Hodges
(704) 383-5188
Investor Contact:
Alice Lehman
(704) 374-4139
|
December 01, 2003
Wachovia Corporate and Institutional Trust Appointed Equity-Services Provider for Overnite Transportation
CHARLOTTE, N.C. - Wachovia Corporate and Institutional Trust announced today that it has been appointed stock transfer agent for Overnite Corporation [Nasdaq:OVNT]. Wachovia will also serve as administrator for the company's employee stock option, stock purchase and share bonus plans. Headquartered in Richmond, Va., Overnite Corporation, through its wholly owned subsidiaries Overnite Transportation Company and Motor Cargo Industries, Inc., is a leading provider of less-than-truckload (LTL) transportation, offering coast-to-coast long-haul services, as well as regional and inter-regional services nationwide.
"We are extremely pleased by this appointment and the confidence Overnite Transportation has placed in our equity services," said John Shope, national sales director of Corporate and Institutional Trust. "Wachovia is committed to building our equity-services capabilities. This transaction represents our strength in this business and demonstrates the level of service we are able to provide clients."
Equity services offered through the Corporate Trust group of Wachovia Bank include: stock transfer services, dividend reinvestment plans, employee stock purchase plans, stock option and restricted security plan administration, direct purchase plans, turn key initial public offering services, corporate action processing and investment management.
Wachovia Corporate and Institutional Trust offers retirement services, custodial services and investment management, conventional and structured finance trust solutions, equity services, and information management and claims processing to institutional clients worldwide. Based in Charlotte, N.C., Wachovia Corporate and Institutional Trust has 40 locations in 18 states plus the District of Columbia.
Wachovia Corporation (NYSE:WB) is one of the largest providers of financial services to retail, brokerage and corporate customers throughout the East Coast and the nation, with assets of $389 billion and stockholders' equity of $33 billion at Sept. 30, 2003. Its four core businesses, the General Bank, Capital Management, Wealth Management, and the Corporate and Investment Bank, serve 9 million households, including 900,000 businesses, primarily in 11 East Coast states and Washington, D.C. Its broker-dealer, Wachovia Securities, LLC, serves clients in 48 states. Global services are provided through more than 30 international offices. Online banking and brokerage products and services also are available through Wachovia.com.
|
