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Wachovia Corporate and Institutional Trust Hires Sanko for Equity Services Group Charlotte, N.C. - Wachovia Corporate and Institutional Trust announced today that it has hired S. Paul Sanko as vice president of sales in its Equity Services group, which provides comprehensive shareholder services to publicly held companies. Sanko will be based in Cleveland. "We are very pleased to have Paul join our equity services sales efforts," said John Shope, senior vice president and national sales director of Corporate and Institutional Trust. "He is an excellent addition to our growing team of equity services professionals." "I was impressed with Wachovia's commitment to this business," said Sanko. "They have a terrific platform, and I look forward to helping them grow their equity services business. They focus on putting clients first." Sanko joins Wachovia from National City Bank, where he was a senior vice president in the Institutional Asset Management division. Previously he was a vice president for Huntington National Bank. He earned a B.A. and an M.B.A. from John Carroll University. 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 over 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, with retail operations from Connecticut to Florida and west to Texas, and retail brokerage operations nationwide. Its four core businesses, the General Bank, Capital Management, Wealth Management, and the Corporate and Investment Bank, serve approximately 14 million client relationships (including households and businesses), primarily in 15 states and Washington, D.C. Its full-service retail brokerage firm, Wachovia Securities, LLC, serves clients in 49 states and Washington, D.C. Global services are offered through 33 international offices. Online banking and brokerage products and services also are available through wachovia.com. Wachovia had assets of $436.7 billion, stockholders' equity of $33.9 billion and market capitalization of $61.4 billion at Sept. 30, 2004. SouthTrust had assets of $53.8 billion and stockholders' equity of $4.7 billion at Sept. 30, 2004. ### |
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