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NATIONSBANK ANNOUNCES CONSOLIDATION OF EQUITY GROUP AND NATIONSBANK INVESTMENT MANAGEMENT GROUP

 CHARLOTTE, N.C., March 12 /PRNewswire/ -- NationsBank Trust announced today that the Equity Group of Sovran Capital Management will become part of the larger NationsBank Investment Management Group.
 The consolidation will bring the greater investment resources of NationsBank (NYSE: NB) to the equity clients of Sovran Capital Management.
 Sovran Capital Management, based in Richmond, Va., is an independent subsidiary of NationsBank, with $3 billion in assets under management. It serves both individual and institutional clients. The Equity Group has $1 billion in assets under management.
 Jim Sommers, president of NationsBank Trust said: "We believe this is a positive move for the Sovran Equity clients, who will gain the enhanced experience, expertise and commitment to client service that this combined group creates." The NationsBank Investment Management Group is headed up by Charlie Smith.
 NationsBank Trust is the eighth-largest trust bank in the country, with total assets of $46 billion under management.
 Sovran's Fixed Income Group, which has over $2 billion under management, will remain independent as Sovran Capital Management under the leadership of Stuart Sachs.
 NationsBank Corporation is the fourth-largest banking company in the United States with more than 1,700 full-service banking centers in nine states and the District of Columbia.
 -0- 3/12/93
 /CONTACT: Katy Pike of NationsBank, 404-607-5230/
 (NB)


CO: NationsBank; Sovran Capital Management ST: North Carolina, Virginia IN: FIN SU:

RA-BR -- AT006 -- 5585 03/12/93 14:39 EST
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Publication:PR Newswire
Date:Mar 12, 1993
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