SKIP TO SITE NAVIGATION | SWITCH TO GRAPHICAL VERSION
First Union Corporation Declares Cash Dividend on Common Stock CHARLOTTE, N.C.—The board of directors of First Union Corporation (NYSE:FTU) today approved the company’s regular quarterly cash dividend on its common stock of $0.24 per share. The common stock dividend is payable on June 15, 2001, to holders of record as of the close of business on May 31, 2001. Beginning with its predecessor, Union National Bank, First Union has paid a dividend every year since 1910. First Union (NYSE:FTU), with $253 billion in assets and stockholders' equity of $16 billion at March 31, 2001, is a leading provider of financial services to 15 million retail and corporate customers throughout the East Coast and the nation. The company operates full-service banking offices in 11 East Coast states and Washington, D.C., and full-service brokerage offices in 47 states and international offices worldwide. Online banking products and services can be accessed through www.firstunion.com. Shareholders are urged to read the joint proxy statement/prospectus regarding the proposed transaction with Wachovia Corporation when it becomes available, because it will contain important information. Shareholders will be able to obtain a free copy of the joint proxy statement/prospectus, as well as other filings containing information about First Union and Wachovia, without charge, at the SEC's internet site (http://www.sec.gov). Copies of the joint proxy statement/prospectus and the SEC filings that will be incorporated by reference in the joint proxy statement/prospectus can also be obtained, without charge, by directing a request to First Union Corporation, Investor Relations, One First Union Center, Charlotte, North Carolina, 28288-0206 (704-374-6782) or to Wachovia Corporation, 100 North Main Street, Winston-Salem, North Carolina 27150 (888-492-6397). Information regarding the participants in the proxy solicitation and a description of their direct and indirect interest, by security holdings or otherwise, is contained in the materials filed with the SEC by each of First Union and Wachovia on April 16, 2001. |
Related Links
•Request Publications
About Wachovia