Press Releases

“The annual AFP Conference provides the perfect venue to meet with our clients and hear firsthand about the challenges they face as treasury and cash managers,” said Ranjana Clark, Executive Vice President and Head of Wachovia’s Treasury Services Division. “It’s a forum where financial colleagues of all levels can share knowledge and objective opinions of the rapidly changing cash management industry.”

For the ninth consecutive year, Wachovia will sponsor the Pinnacle Awards. The 2005 Pinnacle Awards are designed to recognize companies that have demonstrated innovation, insightful use of technology, adherence to compliance and risk management, and strategic partnering to implement creative treasury services solutions in their companies.

As part of this year’s conference, several Wachovia executives will lead educational sessions with Wachovia clients and vendors, including:

• Jane Verkouteren, Senior Vice President with Wachovia’s Treasury Services Division; Katria Kowal, Treasury Manager with Sunoco, Inc.; and Robert Tonkinson, Chief Financial Officer with The Carle Foundation -- "Fraud Control - Size Doesn't Matter”
• Scott Leavitt, Senior Vice President with Wachovia’s Treasury Services Division, and Douglas Downey, Assistant Vice President with HCA, Inc. -- “Treasury Management - Fresh Ideas and Innovative Practices”
• Francine Smith with Wachovia’s Treasury Services Division, and Gail Ball, Senior Vice President with Treasury NCO Group, Inc. -- “Practicing What We Preached: Update on Bank Report Cards”
• Laurence Leinbach, Senior Vice President with Wachovia’s Treasury Services Division, and Adam Dolby, Business Development with VASCO Data Security International, Inc. -- “How Secure Are You? Asking and Answering the Questions of Two-Factor Authentication”
• Weldon Jones, Vice President with Wachovia’s Treasury Services Division, and Donald Craddick, Founder of BancBridge Software Systems Inc., Inc. -- “File Transfer Made Cheap and Easy”

Along with Clark, a number of Wachovia’s Treasury Services executives will attend the AFP this year, including Michael Daley, Head of the Product Solutions group; Roger Pearce, Head of Client Management; and leaders of Wachovia’s Treasury Services’ Payables, Receivables, Image and Information Access Teams. Colleagues from Evergreen Investments, a Wachovia Corporation subsidiary, will also be present at the conference.

About Wachovia’s Treasury Services Division
As part of Wachovia's Corporate and Investment Bank, Wachovia's Treasury Services Division offers a comprehensive suite of integrated payables and receivables solutions, including electronic check conversion, accounts receivable conversion, a full range of ACH services, image technology, a national wholesale and retail lockbox network and international treasury solutions. In recent Phoenix Hecht surveys, 20 out of 26 of Wachovia's treasury services products were ranked "A" or "A+" by upper-middle and large corporate customers, and 16 out of 32 were ranked "A" or "A+" by middle market customers. Additionally, ten of the bank's key treasury product capabilities are ranked in the top four for market share in Ernst & Young's survey. Wachovia's Information and Access product, Wachovia Connection®, ranked first in that survey. For the second year in a row, Wachovia Connection was also voted the "Best Corporate/Institutional Online Cash Management Service in North America" by Global Finance, and the most recent Bank Leader Survey placed Wachovia's Treasury Services Number 2 for "Overall Satisfaction" and "Overall Quality of Customer Service".

About Wachovia
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. Wachovia had assets of $511.8 billion, market capitalization of $78.2 billion and stockholders’ equity of $47.9 billion at June 30, 2005. Its four core businesses, the General Bank, Capital Management, Wealth Management, and the Corporate and Investment Bank, serve 13 million household and business relationships primarily through 3,126 offices in 15 states and Washington, D.C. Its full-service retail brokerage firm, Wachovia Securities, LLC, also serves clients through 699 offices in 49 states and five Latin American countries. The Corporate and Investment Bank serves clients primarily in selected industries nationwide. Global services are offered through 40 offices around the world. Online banking and brokerage products and services also are available through Wachovia.com.