First Union Corporation Declares Cash Dividend on Common Stock

Apr 16, 2001, 01:00 ET from First Union Corporation

    CHARLOTTE, N.C. April 16 /PRNewswire/ -- The board of directors of
 First Union Corporation (NYSE:   FTU) today approved the company's regular
 quarterly cash dividend on its common stock of $0.24 per share.
     The common stock dividend is payable on June 15, 2001, to holders of
 record as of the close of business on May 31, 2001.
     Beginning with its predecessor, Union National Bank, First Union has paid
 a dividend every year since 1910.
     First Union (NYSE:   FTU), with $253 billion in assets and stockholders'
 equity of $16 billion at March 31, 2001, 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 11
 East Coast states and Washington, D.C., and full-service brokerage offices in
 47 states and international offices worldwide.  Online banking products and
 services can be accessed through www.firstunion.com.
     Shareholders are urged to read the joint proxy statement/prospectus
 regarding the proposed transaction with Wachovia Corporation when it becomes
 available, because it will contain important information.  Shareholders will
 be able to obtain a free copy of the joint proxy statement/prospectus, as well
 as other filings containing information about First Union and
 Wachovia, without charge, at the SEC's internet site (http://www.sec.gov).
 Copies of the joint proxy statement/prospectus and the SEC filings that will
 be incorporated by reference in the joint proxy statement/prospectus can also
 be obtained, without charge, by directing a request to First Union
 Corporation, Investor Relations, One First Union Center, Charlotte, North
 Carolina, 28288-0206 (704-374-6782) or to Wachovia Corporation, 100 North Main
 Street, Winston-Salem, North Carolina 27150 (888-492-6397).  Information
 regarding the participants in the proxy solicitation and a description of
 their direct and indirect interest, by security holdings or otherwise, is
 contained in the materials filed with the SEC by each of First Union and
 Wachovia on April 16, 2001.
 
 

SOURCE First Union Corporation
    CHARLOTTE, N.C. April 16 /PRNewswire/ -- The board of directors of
 First Union Corporation (NYSE:   FTU) today approved the company's regular
 quarterly cash dividend on its common stock of $0.24 per share.
     The common stock dividend is payable on June 15, 2001, to holders of
 record as of the close of business on May 31, 2001.
     Beginning with its predecessor, Union National Bank, First Union has paid
 a dividend every year since 1910.
     First Union (NYSE:   FTU), with $253 billion in assets and stockholders'
 equity of $16 billion at March 31, 2001, 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 11
 East Coast states and Washington, D.C., and full-service brokerage offices in
 47 states and international offices worldwide.  Online banking products and
 services can be accessed through www.firstunion.com.
     Shareholders are urged to read the joint proxy statement/prospectus
 regarding the proposed transaction with Wachovia Corporation when it becomes
 available, because it will contain important information.  Shareholders will
 be able to obtain a free copy of the joint proxy statement/prospectus, as well
 as other filings containing information about First Union and
 Wachovia, without charge, at the SEC's internet site (http://www.sec.gov).
 Copies of the joint proxy statement/prospectus and the SEC filings that will
 be incorporated by reference in the joint proxy statement/prospectus can also
 be obtained, without charge, by directing a request to First Union
 Corporation, Investor Relations, One First Union Center, Charlotte, North
 Carolina, 28288-0206 (704-374-6782) or to Wachovia Corporation, 100 North Main
 Street, Winston-Salem, North Carolina 27150 (888-492-6397).  Information
 regarding the participants in the proxy solicitation and a description of
 their direct and indirect interest, by security holdings or otherwise, is
 contained in the materials filed with the SEC by each of First Union and
 Wachovia on April 16, 2001.
 
 SOURCE  First Union Corporation