Press Releases

Virginia Hepner, Managing Director in Wachovia’s Global Corporate Banking Group, was awarded the Outstanding Partner Award. Jim Walsh, CCM, a Senior Vice President and Senior Treasury Sales Officer in Wachovia’s Treasury Services Division, was presented with both the Best Cash Management Banker and Excellent Customer Service awards.

“Home Depot has relationships with most of the leading financial services companies around the world, so it really is an honor to be recognized by them for our Cash Management and Customer Service excellence,” Jim Walsh said. “These awards speak to the involvement and ownership of the entire Wachovia team and we are proud to be recognized in this meaningful way.”

In selecting the Wachovia bankers for these awards, The Home Depot considered how well each of these bankers and the entire Wachovia organization demonstrate The Home Depot core values of: Excellent Customer Service, Respect for All People, Creation of Shareholder Value, Giving Back to the Community, Doing the Right Thing, Entrepreneurial Spirit, Building Strong Relationships, and Taking Care of Employees.

“We believe that business relationships are about more than profit models. They are about mutually rewarding partnerships with commitments and values on both sides of the table,” said Rebecca Flick, Home Depot V.P. and Treasurer. “We are pleased to be able to recognize our partners at Wachovia for their exhibition of Home Depot’s core values, and their overall dedication and commitment to our relationship for over a decade.”

About Home Depot

Founded in 1978, The Home Depot is the world's largest home improvement retailer and the second largest retailer in the Unites States with fiscal 2001 sales of $53.6 billion. The company employs more than 270,000 associates and has 1,449 stores in 49 states, Puerto Rico, seven Canadian provinces and Mexico. The company was named the sixth Most Admired Company in America by Fortune magazine, which has also ranked it as America's Most Admired Specialty Retailer for eight consecutive years. Its stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones Industrial Average and the Standard & Poor's 500 Index.

About Wachovia

Wachovia Corporation (NYSE: WB), created through the September 1, 2001, merger of First Union and Wachovia, had assets of $325 billion and $30 billion in stockholders' equity at June 30, 2002. Wachovia is a leading provider of financial services throughout the East Coast and the nation and global services through more than 30 international offices. Wachovia is also the nation’s second-largest treasury management service provider for both domestic and international treasury management and consulting services. Cash flow solutions include e-commerce, integrated payables and receivables, information reporting via Web or PC, and risk management. Online banking and other products and services are available through wachovia.com and firstunion.com.