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FIRST UNION ANNOUNCES IT DOES NOT INTEND TO ACQUIRE FIRST CITY BANCORPORATION OR ANY OF ITS FORMER BANKING SUBSIDIARIES

 FIRST UNION ANNOUNCES IT DOES NOT INTEND TO ACQUIRE


FIRST CITY BANCORPORATION OR ANY OF ITS FORMER BANKING SUBSIDIARIES
 CHARLOTTE, N.C., Nov. 4 /PRNewswire/ -- In response to inquiries, First Union Corporation (NYSE: FTU FTUpr) said today that it does not intend to acquire First City Bancorporation (NYSE: FBT) For any of its former banking subsidiaries.
 First Union Corporation is the nation's 11th largest bank holding company, based on assets of $48.3 billion (excluding pending acquisitions) as of Sept. 30, 1992, and as of such date operated 898 banking offices in Florida, North Carolina, South Carolina and Georgia, one banking office in Nashville, Tennessee and 200 nonbanking offices in 36 states.
 -0- 11/4/92
 /CONTACT: (Investor) Maggie Norris, 704-374-4353, or Sean Fox, 704-374-7060; (Media) Jeep Bryant, 704-374-2957 (office) or 704-335-0415 (home), all of First Union Corporation/
 (FTU FBT) CO: First Union Corporation; First City Bancorporation ST: North Carolina, Texas IN: FIN SU: TNM


CM -- CH004 -- 2447 11/04/92 11:36 EST
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Publication:PR Newswire
Date:Nov 4, 1992
Words:164
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