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FIRST UNION NATIONAL BANK OF VIRGINIA OPENS FOR BUSINESS FRIDAY; NEW GREEN SIGNS TO BE UNVEILED AT 53 BRANCHES IN S.W. VIRGINIA

 ROANOKE, Va. Oct. 12 /PRNewswire/ -- The state's newest bank, First Union National Bank of Virginia, will open for business this Friday, Oct. 15, in 23 cities and towns across southwest Virginia, including Roanoke and Lexington.
 First Union will unveil new green-and-white "First Union" signs at 53 bank branches formerly owned by Dominion Bank.
 Thursday, Oct. 14, the branches will close early -- at 2 p.m. -- to give employees time to install new First Union brochures and forms and make other preparations for Friday's opening.
 First Union acquired Dominion in March, but the bank's branches continued to operate under the Dominion name while First Union converted computer systems and familiarized employees with First Union products and services.
 At former Dominion branches elsewhere in Virginia -- including Hampton Roads, Richmond, Harrisonburg, Winchester and the Washington suburbs -- computer systems will be converted this Friday, followed by the installation of new First Union signs in December.
 Also in December, bank branches formerly owned by First American Metro Corp. -- in Virginia, Maryland and Washington -- will be converted to First Union branches. First Union acquired First American in June.
 First Union National Bank of Virginia maintains $8.8 billion in assets and $7.9 billion in deposits, and operates 300 branches statewide.
 The bank is part of First Union Corp. (NYSE: FTU FTUpr), the nation's ninth-largest banking company with 7 million customers, $72 billion in assets, and 1,300 branch offices in seven southeastern states and Washington, D.C.
 First Union's Virginia branches will be linked by computer to all other First Union banks across the southeast U.S., allowing traveling Virginia customers to cash a check, inquire about an account balance or perform other transactions at any First Union branch in any state from Maryland south to Florida, or west to Tennessee.
 One exception: federal law prohibits deposits across state lines, except by mail.
 Friday will be a normal day for customers of the former Dominion branches, said Ben Jenkins, president and chief operating officer of First Union National Bank of Virginia.
 "This will be a seamless transition. Our customers won't have to do a thing," Jenkins said. "At the branches, customers will be greeted by the same tellers and customer service representatives who have served them in the past."
 Customers can continue to use their existing personal checks, deposit slips and withdrawal slips until they exhaust their current supplies. When customers reorder, First Union will send new First Union checks, deposit slips and withdrawal slips.
 First Union recently began sending customers new First Union automated teller machine (ATM) cards to replace their existing ATM cards, and new First Union Visa cards and MasterCards to replace their current credit cards.
 -0- 10/12/93
 /CONTACT: (Media) David Scanzoni of First Union, 704-383-7742
 (FTU)


CO: First Union National Bank of Virginia; First Union Corporation ST: Virginia IN: FIN SU:

MM -- CH007 -- 1188 10/12/93 14:26 EDT
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Publication:PR Newswire
Date:Oct 12, 1993
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