Printer Friendly

FIRST UNION'S HUGH LONG TAPPED FOR WASHINGTON, D.C. EXECUTIVE POST; CHARLES WALKER RETURNS TO AUGUSTA

 AUGUSTA, Ga., March 17 /PRNewswire/ -- Augusta native Hugh Calvin Long II, city president of First Union National Bank of Georgia, has been named president of the Capital Area for First Union National Bank of Virginia, Washington, D.C. and Maryland.
 Charles D. Walker, First Union's executive vice president and head of consumer banking since 1986, will return to Augusta succeeding Long as city president.
 First Union announced an agreement to acquire McLean, Va.-based First American Metro Corp. on Feb. 26, enhancing the presence First Union had established in the area with its purchases of Meritor Savings and Dominion Bankshares. After completing the First American merger, First Union will have approximately $5 billion in assets and will rank second in deposit market share in Metropolitan Washington as well as in the state of Virginia.
 "I'm delighted with this opportunity," said Long. "The prospects for Augusta's future are strong, both economically and culturally, and I feel privileged to have had the opportunity to contribute to the community's growth. While I look forward to the new challenges and opportunities ahead, I'm also confident in First Union's ability to continue our commitment to serving this community."
 "It was Hugh's superb performance for First Union-Georgia that led our former state president Ben Jenkins, now First Union-Virginia President, to tap him for the tremendous challenge of merging three companies and leading one of the nation's strongest banking markets," said Harald R. Hansen, First Union's Georgia chairman and chief executive officer.
 "As a key senior manager for our Georgia bank during its most critical years after the First Railroad merger, Hugh was instrumental in bringing more than 20 highly decentralized banks together, providing leadership and applying First Union's asset standards. He is one of First Union Corporation's most experienced and skilled bankers and is well accustomed to attracting and serving customers with sophisticated needs," Hansen said.
 Long began his banking career with Georgia Railroad Bank and Trust in 1973, after graduating from the Virginia Military Institute. At the time of First Union's merger with Georgia Railroad Bank, he was head of the commercial lending division. After the merger, he moved to First Union's Georgia headquarters in Atlanta to form and lead the corporate banking group. He returned home in 1988 to become Augusta city president and regional executive for First Union's operations in eastern Georgia.
 "The Augusta market is extremely important to First Union," said Hansen. "Charles Walker is a multi-talented banker, and we believe his broad experience and expertise in all aspects of the banking business will benefit the bank and the community at large."
 "While all of us will miss Hugh Long, we would not have been as willing to let him go, had we not had a highly skilled, tenured Georgia banker like Charles to replace him in Augusta," Hansen said.
 During his banking career which began in 1967, Walker has gained experience in retail and commercial banking, personnel and marketing.
 "This is an exciting opportunity for me. I look forward to returning to Augusta, and working more closely on a direct basis with our customers and the people who serve them," Walker said.
 When First Union merged with First Railroad and Banking Company, Walker had been executive vice president of First Railroad and Banking Company in Augusta since 1984. He began his banking career with Wachovia Bank and Trust Company in 1967.
 In 1980 he joined the SBT Corporation of Savannah and returned to his hometown to become president and chief executive officer of Commercial Bank in Waycross, Ga. In 1982 he moved to Savannah, to serve as senior vice president and coordinator of affiliate activities for the corporation, and became executive vice president of SBT's major affiliate, Savannah Bank and Trust Company, in 1983.
 While in Atlanta, Walker has served on The United Way campaign cabinet and the board of Literacy Action Inc. A native of Waycross, Ga., he earned a bachelor's degree from the University of Georgia. He and his wife, Libby, have two daughters and a grandson.
 Long's civic contributions include service on the boards of Augusta Tomorrow Inc., St. Joseph's Ventures Inc., the Augusta-Richmond County Museum, The Greater Augusta Arts Council, the Morris Museum of Art, the Augusta College Foundation, the Chamber of Commerce, The United Way and Historic Augusta Inc. He is a member of the Downtown Development Authority of the City of Augusta and the Kiwanis Club. He recently served as co-chairman of the capital drive of the Church of the Good Shepherd Episcopal Day School, helping to raise more than $1.6 million for the school.
 Long and his wife, Lisa, are expecting their fifth child in April. The family plans to move in late summer. Lisa Ireland Long, also a native of Augusta, is a graduate of Mary Baldwin College in Staunton, Va.
 First Union National Bank of Georgia is a principal subsidiary of Charlotte, N.C.-based First Union Corporation (NYSE: FTU FTUpr). On Dec. 21, 1992, First Union announced an agreement to acquire Georgia Federal Savings Bank, and completed its acquisition of DFSoutheastern, Inc., parent of Decatur Federal Savings and Loan on Jan. 15, 1993. At Dec. 31, 1992, First Union Corporation reported assets of $51.3 billion, and operated 896 banking offices in Florida, North Carolina, South Carolina, Georgia and one banking office in Tennessee, 45 savings bank offices in Virginia, Maryland, the District of Columbia and Florida, and 190 nonbanking offices in 36 states and the District of Columbia. When pending acquisitions have been completed during the first half of 1993, the corporation will operate approximately 1,300 banking offices and have assets of approximately $72 billion, based upon Dec. 31, 1992 assets, making it the nation's eighth largest bank holding company.
 -0- 3/17/93
 /CONTACT: (Media) Donna Stockton of First Union Corporation, 704-374-6999/
 (FTU)


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

MM -- CH001 -- 6865 03/17/93 08:01 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 17, 1993
Words:991
Previous Article:SYNTEX ACQUIRES EXCLUSIVE RIGHTS TO MARKET ELAN'S ONCE-DAILY NAPROXEN FORMULATION IN UNITED STATES
Next Article:FIRST UNION NAMES VETERAN CORPORATE BANKER HUGH LONG TO TOP WASHINGTON, D.C. EXECUTIVE POST
Topics:


Related Articles
FIRST UNION NAMES VETERAN CORPORATE BANKER HUGH LONG TO TOP WASHINGTON, D.C. EXECUTIVE POST
FIRST UNION'S FIRST GROUP OF GEORGIA EMPLOYEES ARMED WITH SECURITIES LICENSE AS PART OF CORPORATE INITIATIVE
FIRST UNION PROMOTES THREE KEY EXECUTIVES IN GEORGIA, NORTH CAROLINA AND VIRGINIA
FIRST UNION EXCEEDED LOWER-INCOME LENDING GOAL IN D.C. BY 164% DURING FIRST YEAR IN CITY, REPORT SHOWS
FIRST UNION NAMES JENKINS CHIEF EXECUTIVE OFFICER OF VIRGINIA, MARYLAND, D.C. BANKS
FIRST UNION CORP. COMPLETES ACQUISITION OF WASHINGTON-BASED HOME FEDERAL SAVINGS BANK
FIRST UNION INSTALLS AUTOMATED TELLER MACHINES AT FRESH FIELDS SUPERMARKETS IN VIRGINIA, MARYLAND
FIRST UNION NAMES FORMER FREDDIE MAC OFFICIAL TO HEAD BANK'S COMMUNITY REINVESTMENT PROGRAMS IN VIRGINIA, MARYLAND AND WASHINGTON, D.C.
FIRST UNION'S BOARD OF DIRECTORS ELECTS D.C. COUNCIL MEMBER JOHN RAY, CORPORATE CONSULTANT JANET HILL
FIRST UNION'S BOARD FOR VIRGINIA, MARYLAND, D.C. ELECTS JENKINS AS NEW CHAIRMAN

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters