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FIRST UNION RESUMING BUSINESS OPERATIONS IN WAKE OF HURRICANE ANDREW

 FIRST UNION RESUMING BUSINESS OPERATIONS IN WAKE OF HURRICANE ANDREW
 JACKSONVILLE, Fla., Aug. 24 /PRNewswire/ -- First Union National Bank of Florida is installing power generators in key locations in South Florida so that branches can resume service quickly in the wake of Hurricane Andrew.
 A number of First Union offices have already reopened and its data centers in Miami and Pompano Beach are in full operation. Service to corporate customers through First Union's wire transfer operations has continued and 24-hour banking machines are being re-stocked with cash.
 All branches in Palm Beach County are expected to open Tuesday as will a
number of branches in Broward County. Once power has been restored to affected areas, First Union will be able to resume operations throughout the region because of the advanced satellite network that links its branches to central operation centers.
 "Our experience in the aftermath of Hurricane Hugo in 1989 demonstrated the value of our investment in satellite technology," said Byron E. Hodnett, chairman and chief executive officer of First Union National Bank of Florida.
 First Union opened offices quickly in the Carolinas following Hugo, since the satellite network is not dependent on land-based telephone lines.
 "We are ready to fund the rebuilding and business activity that will be needed in South Florida," Hodnett said, explaining that South Carolina's experience following Hugo demonstrated how promptly economic recovery can result from a coordinated and committed community response.
 As of June 30, 1992, First Union National Bank of Florida reported assets of $27.2 billion and operated 551 offices statewide.
 -0- 8/24/92
 /CONTACT: (Florida media contact) George Owen, 904-361-3151, or (All other media) Jeep Bryant, 704-374-2957 (office) or 704-335-0415 (home), both of First Union Corporation/
 (FTU) CO: First Union National Bank of Florida; First Union Corporation ST: Florida IN: FIN SU:


CM -- CH012 -- 2654 08/24/92 14:45 EDT
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Publication:PR Newswire
Date:Aug 24, 1992
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