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FIRST UNION AND DOMINION BANK WORK TOGETHER TO BUILD MARKET SHARE

 FIRST UNION AND DOMINION BANK WORK TOGETHER TO BUILD MARKET SHARE
 CHARLOTTE, N.C., Nov. 11 /PRNewswire/ -- The merger is still months away, but First Union (NYSE: FTU) and Dominion Bank (NASDAQ-NMS: DMBK) are already working together to build market share.
 Dominion employees are helping First Union identify customers who are relocating from Dominion's banking states into First Union's banking territory. The cooperative effort will allow Dominion employees to refer customers to First Union, while First Union employees will also be on the lookout for customers who are moving north into Dominion's banking communities.
 First Union is also offering a $5,000 grand prize drawing for customers. The contest, which runs through the end of December, encourages customers to give First Union the names of people who are on the move.
 "There are many customers who move among the seven states that our combined company will serve," said Jill Andrews, manager of First Union Interstate Relocation Services. "This joint campaign will provide exceptional levels of service to customers while the merger is pending, and it gives us a head start as we expand our relocation services from Maryland to Florida. This is really the first step in bringing our neighboring markets together."
 First Union's Interstate Relocation Services Department, which opened nearly two years ago, has already assisted thousands of families. The service allows potential customers to open checking and savings accounts by phone and to transfer funds electronically from an old account into a new one free of charge. First Union then makes sure a box of new checks is waiting for the customer at his or her new branch.
 First Union offers pre-qualifying counseling before the move to make home-buying easier and offers a host of additional services that include help in finding the nearest doctors and the most convenient day care. For more information about First Union's Interstate Relocation Services and the customer contest, call 1-800-473-3568.
 First Union's five-state region includes Florida, Georgia, South Carolina, North Carolina and Tennessee. In addition to Tennessee, Dominion's banking operations include Virginia, Maryland and Washington, D.C.
 The merger, which was announced on September 21, is expected to be completed by the spring of 1993. First Union's combination with Dominion will produce the nation's ninth largest bank holding company with assets of $61.3 billion and more than 1,200 offices serving approximately seven million customers from Washington to Miami.
 -0- 11/11/92
 /CONTACT: Jeep Bryant of First Union Corporation, 704-374-2957 (office) or 704-335-0415 (home)/
 (FTU DMBK) CO: First Union Corporation; Dominion Bankshares ST: North Carolina, Virginia IN: FIN SU: TNM


CM -- CH001 -- 9608 11/11/92 09:06 EST
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Date:Nov 11, 1992
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