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FIRST UNION REDEEMS ITS FLOATING RATE NOTES DUE 1996 (d)

 CHARLOTTE, N.C., April 20 /PRNewswire/ -- The board of directors of First Union Corporation (NYSE: FTU FTUpr) today elected to redeem on May 20, 1993, the corporation's $50 million Floating Rate Subordinated Notes Due 1996.
 The redemption price is 100 percent of the principal amount of the Notes, plus accrued interest to the date of redemption. Interest on the Notes will cease to accrue from and after the redemption date.
 At Mar. 31, 1993, First Union Corporation reported assets of $63.2 billion, and operated 1,238 banking offices in Florida, North Carolina, South Carolina, Georgia Virginia, Tennessee, Maryland, and Washington D.C., and 238 nonbanking offices in 36 states and the District of Columbia. Including pending acquisitions expected to be completed in the second quarter of 1993, the corporation is expected to operate approximately 1,300 banking offices and have assets of approximately $71 billion, which would make it the nation's eighth largest bank holding company.
 -0- 4/20/93
 /CONTACT: (Media) Jeep Bryant, 704-374-2957, (Investor) Sean Fox, 704-374-4353, both of First Union Corporation/
 (FTU)


CO: First Union Corp. ST: North Carolina IN: FIN SU:

MM -- CH011 -- 8257 04/20/93 16:04 EDT
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Publication:PR Newswire
Date:Apr 20, 1993
Words:195
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