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NATIONSBANK PRIVATE BANKING ORGANIZATIONAL AND MANAGEMENT STRUCTURES ANNOUNCED

 NATIONSBANK PRIVATE BANKING ORGANIZATIONAL
 AND MANAGEMENT STRUCTURES ANNOUNCED
 CHARLOTTE, N.C., Dec. 13 /PRNewswire/ -- The organizational and management structures for Private Banking at NationsBank were announced today by Tim Arnoult, president of the Private Bank.
 The Private Bank will have more than $1.5 billion in loans and $2.5 billion in deposits, making it one of the largest private banks in the nation. It will provide specialized personal and commercial banking services to customers with a net worth of $1 million (excluding home equity) and to large legal, medical, accounting and other professional firms.
 The Private Bank will be a nationwide line of business run by a team of state private banking executives. Reporting directly to Arnoult will be:
 Eduardo Aguirre, who will serve as the International Private Banking executive. He is now the Texas International Private Banking executive for NCNB. Reporting to Aguirre will be Ayrton Cavichioli, who will serve as the Florida International Private Banking executive, a position he currently holds with NCNB. In addition, he will focus on strategic issues and operating policies and procedures for International Private Banking.
 Charlie Frankel, who will serve as the Florida Private Banking executive. He also will have responsibility for the Marine division, which will have offices in Fort Lauderdale and Clearwater. Frankel is now managing director of Southeast Private Banking for NCNB.
 John Hamner, who will serve as the Virginia Private Banking executive. He is now a regional manager for Corporate Banking with C&S/Sovran in Virginia.
 Bill Helms, who will serve as the Texas Private Banking executive. He is the Houston division manager of Texas Private Banking for NCNB.
 Val Loudermilk, who will serve as the Greater Washington Area Private Banking executive. She is currently the Park Cities division manager of Texas Private Banking for NCNB.
 Peter Pomeroy, who will serve as the Georgia Private Banking executive. He currently is the manager of Private Banking in Georgia for C&S/Sovran.
 Michele Stutts, who will serve as the North Carolina Private Banking executive. She is now the Carolinas Private Banking executive for NCNB.
 A Private Banking executive for Tennessee will be named in the near future.
 Arnoult explained that the Private Bank will coordinate with Professional and Executive Banking units being established in each bank of the NationsBank nine-state franchise.
 "Both Private Banking and Professional and Executive Banking will work together to ensure that our customers receive the high level of personalized service they experienced under C&S/Sovran and NCNB," he said.
 NationsBank is the bank holding company to be formed by the merger of NCNB Corp. (NYSE: NCB) and C&S/Sovran Corp. (NYSE: CVN), scheduled for completion on December 31, 1991.
 -0- 12/13/91
 /CONTACT: Sheryl McAlister, NCNB Corporation, 704-386-3150/
 (NCB CVN) CO: NCNB Corporation; C&S/Sovran Corporation ST: North Carolina, Georgia IN: FIN SU: RCN PER


CM -- CH006 -- 2385 12/13/91 13:00 EST
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Publication:PR Newswire
Date:Dec 13, 1991
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