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First Union Names Guy Executive Director of First Union's Small Business Segment CHARLOTTE, N.C. - Thomas H. Pacer, EVP and head of First Union's Commercial Bank, has named John L. Guy, Jr. executive director of the company's Small Business Segment. "This move represents a strategic focus in our approach to the small business market. It allows us to comprehensively serve the needs of our small business customers by combining our efforts under one point of leadership," Pacer said. John will have managerial responsibility for First Union Small Business Capital and the Small Business Banking Division and will be responsible for the ongoing development, refinement, and execution of a coordinated strategy to make First Union the preferred financial services solutions provider for small businesses. "John's strategic agility and his in-depth knowledge of the SBA lending marketplace bring unique talents and opportunities to our business, and I am confident in his ability to integrate our small business offerings in an efficient, profitable way," said Pacer. Before joining First Union in November 1999 as president of First Union Small Business Capital, John was Executive Vice President-Business Development of Heller International Corporation and President of Heller First Capital Corporation, the SBA lending arm of Heller. He currently serves on the board of the National Association of Government Guaranteed Lenders. He is a graduate of the Wharton School of Business, University of Pennsylvania and holds an MBA degree in Finance and Marketing from the University of Chicago. First Union also has announced that Donna Jordan-Serres has joined First Union Small Business Capital (FUSBC), the company's SBA lending arm, as Chief Operating Officer of FUSBC's Western Operations. Jordan-Serres will be based in Sacramento and will be responsible for the management of First Union's SBA operations west of the bank's franchise, which is an 11-state region along the East Coast. Jordan-Serres was most recently SVP and Region Manager for the Small Business Finance Division of Heller Financial, Inc., responsible for the management of sales, credit, closing and liquidation for SBA and conventional financing programs in California, Oregon, Washington, Nevada, Colorado and Arizona. Additionally, First Union has announced the creation of two new positions within its Small Business Segment. Louella Bottrill has been named Chief Financial Officer for the segment and Kristin Bolton has been named Emerging Markets Segment Manager responsible for driving the small business focus on sales and service within First Union's Financial Center network. About First Union Corporation First Union (NYSE:FTU), with $258 billion in assets and stockholders' equity of $14 billion at June 30, 2000, 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 12 East Coast states and Washington, D.C., and full-service brokerage offices in 44 states and international offices worldwide. Online banking products and services can be accessed through www.firstunion.com ** Please contact Christine Lively at 704-374-3465 for a photo (electronic or hard copy) of John Guy. |
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