Printer Friendly

FIRST UNION TO ACQUIRE ENTERPRISE BANK, N.A.

 WINTER PARK, Fla., July 14 /PRNewswire/ -- First Union National Bank of Florida has entered into an agreement to acquire the Enterprise Bank, N.A., in Winter Park.
 Enterprise has one office, with approximately $40 million in assets. The agreement provides for the payment of $8.8 million in cash by First Union to acquire Enterprise. The acquisition is expected to be completed by the end of the year, subject to Enterprise shareholder approval, regulatory approval and other conditions of closing.
 "We are looking forward to expanding First Union's services at Enterprise Bank's premiere location in Winter Park," said Marshall Vermillion, Central Florida President for First Union National Bank of Florida. "When the acquisition is completed, Enterprise's customers will have access to First Union's statewide banking network, as well as convenient locations throughout the Southeast."
 First Union National Bank of Florida has assets of approximately $28 billion and operates 482 offices statewide.
 -0- 7/14/93
 /CONTACT: (Media) Jeep Bryant, 800-669-5855 (office) or 704-335-0415 (home), or (Investor) Sean Fox, 704-374-7060, both of First Union/
 (F


CO: First Union Corporation; First Union National Bank of Florida;
 Enterprise Bank, N.A ST: North Carolina, Florida IN: FIN SU: TNM


CM -- CH005 -- 1472 07/14/93 13:43 EDT
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:Jul 14, 1993
Words:205
Previous Article:WILLIAM GEIST TO BECOME SCIENTIFIC-ATLANTA'S VICE PRESIDENT, INFORMATION TECHNOLOGY AND SERVICES
Next Article:IROQUOIS BANCORP REPORTS SECOND QUARTER EARNINGS
Topics:


Related Articles
MARYSVILLE BRANCH ACQUIRED BY FARMERS
FIRST FIDELITY TO ACQUIRE FIRST PEOPLES NATIONAL BANK OF EDWARDSVILLE, PA., FOR $19.6 MILLION IN CASH
OCC APPROVES MERGER OF PEOPLES WESTCHESTER INTO FIRST FIDELITY, N.Y.
FIRST FIDELITY WILL CONSOLIDATE NEW YORK UNIT INTO N.J.-PA. BANK
FIRST UNION COMPLETES ACQUISITION OF CHASE MANHATTAN OF FLORIDA AND 31 GREAT WESTERN BRANCHES
TRIANGLE BANK ANNOUNCES PURCHASE OF RALEIGH FEDERAL OFFICES FROM FIRST UNION
MBNA to Acquire First Union's Consumer and Commercial Credit Card Portfolio; Issues Common Stock.
Simmons buys UP Branches.

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