Wachovia to Resume Stock Repurchases

Apr 30, 2001, 01:00 ET from Wachovia Corporation

    WINSTON-SALEM, N.C., April 30 /PRNewswire/ --
     Wachovia Corporation (NYSE:   WB) announced today it will resume open market
 repurchases of its common stock under authorizations previously approved by
 the board of directors.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20000711/WACHLOGO )
     The repurchases are expected to offset increased issuance of shares
 resulting from the completion of the merger with Republic Security Financial
 Corporation on March 1 and from stock option plans.  Wachovia had 203.4
 million shares at year-end 2000 and 210.3 million shares at March 31, 2001.
     Wachovia may utilize various methods for the repurchase of shares
 including, but not limited to, accelerated repurchase agreements with broker
 dealers and more traditional open market purchases.
     Wachovia Corporation, a leading financial holding company with
 headquarters in Winston-Salem, N.C., and Atlanta, had assets of $75.6 billion
 as of March 31, 2001. Member companies offer consumer and commercial banking,
 community development finance, bank card, asset and wealth management, capital
 markets and investment banking, brokerage and insurance services.  Wachovia
 Bank, N.A., the principal subsidiary, operates more than 650 offices and 1,350
 ATMs primarily in Florida, Georgia, North Carolina, South Carolina and
 Virginia.
     This news release contains forward-looking statements regarding Wachovia
 Corporation.  All forward-looking statements involve risk and uncertainty and
 actual results could differ materially from the anticipated results or other
 expectations expressed in the forward-looking statements. A discussion of
 factors that could cause actual results to differ materially from those
 expressed in the forward-looking statements is included in Wachovia's filings
 with the Securities and Exchange Commission.
 
                                 MAKE YOUR OPINION COUNT -  Click Here
                   http://tbutton.prnewswire.com/prn/11690X76424185
 
 

SOURCE Wachovia Corporation
    WINSTON-SALEM, N.C., April 30 /PRNewswire/ --
     Wachovia Corporation (NYSE:   WB) announced today it will resume open market
 repurchases of its common stock under authorizations previously approved by
 the board of directors.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20000711/WACHLOGO )
     The repurchases are expected to offset increased issuance of shares
 resulting from the completion of the merger with Republic Security Financial
 Corporation on March 1 and from stock option plans.  Wachovia had 203.4
 million shares at year-end 2000 and 210.3 million shares at March 31, 2001.
     Wachovia may utilize various methods for the repurchase of shares
 including, but not limited to, accelerated repurchase agreements with broker
 dealers and more traditional open market purchases.
     Wachovia Corporation, a leading financial holding company with
 headquarters in Winston-Salem, N.C., and Atlanta, had assets of $75.6 billion
 as of March 31, 2001. Member companies offer consumer and commercial banking,
 community development finance, bank card, asset and wealth management, capital
 markets and investment banking, brokerage and insurance services.  Wachovia
 Bank, N.A., the principal subsidiary, operates more than 650 offices and 1,350
 ATMs primarily in Florida, Georgia, North Carolina, South Carolina and
 Virginia.
     This news release contains forward-looking statements regarding Wachovia
 Corporation.  All forward-looking statements involve risk and uncertainty and
 actual results could differ materially from the anticipated results or other
 expectations expressed in the forward-looking statements. A discussion of
 factors that could cause actual results to differ materially from those
 expressed in the forward-looking statements is included in Wachovia's filings
 with the Securities and Exchange Commission.
 
                                 MAKE YOUR OPINION COUNT -  Click Here
                   http://tbutton.prnewswire.com/prn/11690X76424185
 
 SOURCE  Wachovia Corporation