Printer Friendly

FIRST UNION NAMES VETERAN CORPORATE BANKER HUGH LONG TO TOP WASHINGTON, D.C. EXECUTIVE POST

 ROANOKE, Va., March 17 /PRNewswire/ -- First Union National Bank of Virginia has named veteran First Union corporate banking executive Hugh Calvin Long II as president of its metropolitan Washington, D.C. Capital Area.
 Long will be First Union's senior executive in the Washington metro area, with responsibility for consumer, commercial and private banking as well as other lines of business in the area. As a large and significant one of First Union National Bank of Virginia's five banking markets, the Capital Area will have about $ 5 billion in assets and rank second in market share after completion of First Union's purchase of First American sometime this summer.
 Long most recently served as Augusta City President for First Union National Bank of Georgia. The Georgia bank will have about $12 billion in assets after completion of acquisitions in Georgia.
 "Hugh's superb performance for First Union-Georgia has made him our first choice to lead the tremendous challenge of merging three companies and leading one of the nation's strongest banking markets," said Benjamin Jenkins III, president and chief operating officer for First Union National Bank of Virginia, Washington, D.C. and Maryland.
 "As a key executive for our Georgia bank during its most critical years after First Union's 1986 purchase of First Railroad there, Hugh turned a challenge into a success. His leadership in Augusta was crucial as we brought more than 20 highly decentralized banks together. Augusta is a major Georgia market, and he made it our most profitable one. Hugh Long is one of First Union Corporation's most experienced and skilled bankers and is well accustomed to attracting and serving customers with sophisticated needs," Jenkins said.
 First Union announced an agreement to acquire McLean, Va.-based First American Metro Corp. on February 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.
 First Union and First American have moved quickly to begin bringing their people and operations together. A Merger Steering Committee, led by executives Robert Helms of First Union-North Carolina and James Lewis of First American, has joined key managers from both companies to set policy and make key strategic decisions for the combined organization. Teams from both companies are also working together to ensure that thorough information is shared about employee skills and jobs available in the new company. After interviews and other sharing of information in April, First American managers will communicate the long-term role of each employee in mid-to-late May.
 "We are tremendously impressed with the level of experience, proven performance and commitment of the First American management team and the company's employees at every level," Jenkins said. "While consolidations are a reality of every merger, we also are convinced First American people will have a strong presence in the long-term First Union organization in this area."
 To begin working with his new group of former Dominion and Meritor employees as well as the First American transition team, Long will spend most work weeks in the Washington area immediately.
 "I'm delighted with this opportunity," Long said. "First Union brings a tremendous benefit to every customer in the area, and my top priority is to fulfill that potential. Our merger partners in the Capital area -- First American, Dominion and Meritor -- have established a strong base with a depth of banking talent that allows us to provide superior products and customer service quickly. I look forward to doing just that, and to becoming a part of my new community."
 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 to Augusta in 1988 to become Augusta city president and regional executive for First Union's operations in eastern Georgia.
 Charles D. Walker, First Union's executive vice president and head of the consumer banking division since 1986, will return to Augusta succeeding Long as city president.
 Long's civic activities 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 an Augusta native, is a graduate of Mary Baldwin College in Staunton, Va.
 At year-end 1992, First Union Corporation (NYSE: FTU FTUpr) 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) Jeep Bryant of First Union Corporation, 704-374-2957/
 (FTU)


CO: First Union National Bank of Virginia; First Union Corporation ST: Virginia, District of Columbia, Maryland IN: FIN SU: PER

MM -- CH002 -- 6866 03/17/93 08:02 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:994
Previous Article:FIRST UNION'S HUGH LONG TAPPED FOR WASHINGTON, D.C. EXECUTIVE POST; CHARLES WALKER RETURNS TO AUGUSTA
Next Article:ALLIEDSIGNAL, KNORR-BREMSE PLAN AIR-BRAKE JOINT VENTURE
Topics:


Related Articles
FIRST UNION'S HUGH LONG TAPPED FOR WASHINGTON, D.C. EXECUTIVE POST; CHARLES WALKER RETURNS TO AUGUSTA
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 NAMES STEVEN HOAGLAND NEW MANAGING DIRECTOR OF CAPITAL MARKETS SALES
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
Bankers Trust Appoints Richard C. Jackson to Head Client Coverage Effort for the Middle East
J. Scott Wilfong Named President of Crestar Bank's Maryland Region
Hodnett and Carroll to Lead First Union-Florida; Pacer Becomes President in Georgia

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