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FIRST UNION DENIES DOW WIRE REPORT

 FIRST UNION DENIES DOW WIRE REPORT
 CHARLOTTE, N.C., June 3 /PRNewswire/ -- In response to inquiries,


First Union Corporation (NYSE: FTU FTUpr) said it has not engaged in any discussions to explore the possibility of a merger of equals with any financial institution.
 First Union issued the statement in response to a Dow Jones article stating that Ed Crutchfield, First Union chairman and chief executive officer, is exploring the possibility of an alliance of peers.
 The article misrepresented Crutchfield's general remarks about the possible future direction of the banking industry by attributing those comments to First Union's own plans.
 -0- 6/3/92
 /CONTACT: Barbara Massa, 704-374-2555, or George Owen, 800-669-5855 or 704-358-3116, both of First Union Corporation/
 (FTU) CO: First Union Corporation ST: North Carolina IN: FIN SU:


JZ -- CH010 -- 6807 06/03/92 18:47 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jun 3, 1992
Words:138
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