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September 28, 1999 First Union Serves Texas with Corporate Trust Office CHARLOTTE - With the September 28 opening of a new Houston office, First Union is expanding its corporate trust capabilities in the Texas market by bringing customers local expertise delivered with the national clout of the nations sixth largest bank holding company. Opening our Houston office is a statement of our commitment to the business and to our customers here in Texas. We are here for them and we are excited to have a presence in this thriving market, said Jim Cornelius, Senior Vice President. We are proud of our ability to deliver top-notch, local service in the nations key markets, such as Texas. Kevin Dobrava and Doug Milner, both native Texans, will staff First Unions Texas Bond Administration office. Dobrava, Vice President and Managing Director of the new Texas Bond Administration office, has more than ten years of experience in corporate trust administration. He joined the First Union team in 1995, and previously worked at First Interstate Bank of Texas as a corporate trust officer, and at Texas Commerce Bank as an assistant vice president. Dobrava received his B.B.A. from Texas A&M University and his M.B.A. from Texas Christian University. Milner, Vice President and Administrator for the Texas Bond Administration office, has more than ten years of experience in the banking industry. Prior to joining first Union in 1995, Milner worked at First Interstate Bank of Texas and NationsBank of Texas. He received his B.B.A. from the University of Houston, is a Certified Corporate Trust Specialist and a member of the American Bankers Association. The Texas Bond Administration office will be located at 1001 Fannin Street, Suite 2255, Houston, Texas in the suite adjoining First Union and the first Union Energy Group. Dobrava and Milner will offer Bond Trustee Services (Paying Agent, Bond Registrar, Transfer Agent, Escrow Agent), Shareholder Services, Structured Finance Trust Services, ClaimTrack Services and Investment management Services to corporate and municipal customers across Texas. In addition to the new Houston office, First Union serves its corporate trust customers from the following locations: Miami and Jacksonville, Florida; Atlanta, Georgia; Columbia, South Carolina; Charlotte, North Carolina; Nashville, Tennessee; Richmond, Virginia; Philadelphia, Pennsylvania; Wilmington, Delaware; Newark, New Jersey; Hartford, Connecticut; and Sacramento, California. First Unions corporate trust services are delivered as a part of the companys Capital Management Group, which includes asset management and investment advisory products and services for individuals, businesses and governmental bodies. First Union (NYSE: FTU) is a leading provider of financial services to more than 16 million customers throughout the East Coast and the nation. At June 30, 1999, First Union has assets of $230 billion and total stockholders equity of $16 billion. The company operates full-service banking offices in Connecticut, Delaware, Florida, Georgia, Maryland, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia and Washington, D.C. ---###--- |
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