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DAVID DE GORTER NAMED HEAD OF FIRST UNION INSURANCE GROUP; PETER NAGLE REJOINS CAPITAL MANAGEMENT GROUP

 CHARLOTTE, N.C., May 4 /PRNewswire/ -- David de Gorter has joined First Union Corporation as head of the First Union Insurance Group. He succeeds Peter R. Nagle, who is rejoining First Union's Capital Management Group in a newly created position, director of client service.
 De Gorter comes to First Union from American Bankers Insurance Company of Santa Ana, Calif., where he was regional sales executive responsible for the bank market in the Western Region. He has nine years of experience in the insurance industry, with a background in direct marketing and the sale of credit-related products. He also has 7 years of retail banking experience. He is a graduate of California State University-Northridge.
 The First Union Insurance Group offers a full range of insurance products, including life, home, auto and health insurance, as well as annuities, credit life and disability insurance on consumer loans.
 In his new role, Nagle will provide investment services to employee benefit clients and help design training and marketing programs to support the Capital Management Group. Nagle began his First Union career in 1977 in the Trust Division, which was later renamed the Capital Management Group, acting as the trust and investment arm of the bank.
 Nagle spent nine years in the division, where he ultimately became head of sales and marketing. In 1986, he was promoted to senior vice president in charge of the newly formed First Union Insurance Group. A native of Boston, he is a graduate of Colgate University and received his master's degree in business administration from the University of Dayton.
 First Union's Capital Management Group has $18 billion assets under management. The group offers investment management and administrative services to corporations for various pension, profit sharing and 401 (k) plans, as well as to individual trust accounts, endowments and foundations. A national study by CDA Investment Technologies, Inc., has consistently placed the Capital Management Group in the top 3 percent of the nation's money managers.
 When pending acquisitions have been completed during the first half of 1993, First Union Corporation (NYSE: FTU FTUpr) will operate approximately 1,474 banking offices and have assets of approximately $71 billion, making it the nation's eighth largest bank holding company.
 -0- 5/4/93
 /CONTACT: (Media) Sandy Deem of First Union Corporation, 704-374-2710/
 (FTU)


CO: First Union Corporation; First Union Insurance Group ST: North Carolina IN: FIN SU: PER

MM -- CH005 -- 4204 05/04/93 09:41 EDT
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Date:May 4, 1993
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