| Business Summary | | First
Union
Corporation
is
a
financial
and
bank
holding
company
whose
principal
wholly
owned
subsidiaries
are
First
Union
National
Bank,
a
national
banking
association,
First
Union
Securities,
Inc.,
an
investment
banking
company
and
First
Union
Mortgage
Corporation,
a
mortgage
banking
company.
The
Company
provides
a
wide
range
of
commercial
and
retail
banking
and
trust
services
through
full-service
banking
offices
in
Connecticut,
Delaware,
Florida,
Georgia,
Maryland,
New
Jersey,
New
York,
North
Carolina,
Pennsylvania,
South
Carolina,
Virginia
and
Washington,
D.C.
The
Company
also
provides
various
other
financial
services,
including
mortgage
banking,
credit
card,
investment
banking,
investment
advisory,
home
equity
lending,
asset-based
lending,
leasing,
insurance,
international
and
securities
brokerage
services,
through
its
subsidiaries. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Wachovia
is
a
financial
holding
company
offering
banking
and
financial
services
to
individuals
in
FL,
GA,
NC,
SC,
and
VA,
and
to
corporations
and
institutions
globally.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
4%
to
$2.33
billion.
Net
interest
income
after
LLP
rose
9%
to
$897.9
million.
Earnings
from
continuing
operations
rose
46%
to
$440.1
million.
Net
interest
income
reflects
higher
earning
assets
and
improved
interest
margins.
Net
income
also
reflects
$106
million
in
securities
gains. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| G. Kennedy Thompson, 50 Chairman,
Pres, CEO | $5.9M | $4.7K | Benjamin Jenkins, III, 56 Vice
Chairman | 2.4M | 100.7K | Donald McMullen, Jr., 52 Vice
Chairman | 3.2M | 4.5K | B.J. Walker, 70 Vice
Chairman | -- | -- | Robert Kelly, 47 CFO,
Exec. VP | -- | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|