SKIP TO SITE NAVIGATION | SWITCH TO GRAPHICAL VERSION

Press Releases

Media Contact: Karen Kitzmiller
(704) 374-2026

Media Contact: Ferris Morrison
(704) 383-8164

October 26, 2004
Wachovia Names Gibson Commercial Banking Executive for North and South Carolina
Gibson will be located in Columbia, S.C.

CHARLOTTE, N.C. - Wachovia has named Stan F. Gibson Commercial Banking Executive for the company's Carolinas Banking Group, including North and South Carolina. Gibson will be responsible for developing strategies for middle market client acquisition, expansion and retention for companies with annual revenue of over $15 million. He also will be responsible for the company's sales efforts in the Government and Institutional markets of North and South Carolina.

Gibson brings more than 30 years in Carolinas banking experience to this role. Most recently, he was president of Bank of America's South Carolina operations. He will report to Carlos Evans, EVP and Wholesale Executive for Wachovia's General Bank.

"We are thrilled to have Stan join our team," said Evans. "I have had the opportunity and pleasure to work closely with Stan in the past, and I am convinced that his knowledge of our market, his understanding of the customer base in the Carolinas, and his ability to build key relationships with company owners and community leaders is going to help us build on our position as the – hands down – number one commercial bank in the Carolinas in both market share and customer service."

"Having Stan on the team is a big win for Wachovia," said Walter McDowell, Wachovia's CEO for the Carolinas Banking Group. "I've competed with Stan for most of my career at Wachovia, so I'm delighted to finally be on the same team. He is a respected banker and terrific leader."

Gibson previously served as the North and South Carolina strategies commercial executive, the North and South Carolina Eastern region commercial executive, and in several other banking leadership roles, all with Bank of America and its predecessors.

Gibson received a bachelor of science degree in business administration from the University of South Carolina. He is very active in the South Carolina community and serves or has served as:

Board member, The Palmetto Business Forum
Past Chairman, South Carolina Bankers Association
Board of Directors, Spoleto Festival USA
Board member, The Psaras Foundation
Board member, South Carolina Chamber of Commerce
Board of Trustees, South Carolina Educational Television
Chairman-Elect, MUSC Hollings Cancer Center
Executive Committee & board member, Midlands Business Leadership Group
Board of Trustees, USC Business Partnership Foundation

W achovia Corporation (NYSE:WB) is one of the largest providers of financial services to retail, brokerage and corporate customers, with retail operations from Connecticut to Florida and retail brokerage operations nationwide. Wachovia had assets of $436.7 billion, market capitalization of $61.4 billion and stockholders' equity of $33.9 billion at September 30, 2004. Its four core businesses, the General Bank, Capital Management, Wealth Management, and the Corporate and Investment Bank, serve 12 million client relationships (including households and businesses), primarily in 11 states and Washington, D.C. Its full-service retail brokerage firm, Wachovia Securities, LLC, serves clients in 49 states. Global services are offered through 33 international offices. Online banking and brokerage products and services also are available through Wachovia.com.