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NCNB, C&S/SOVRAN NAME TAMPA AS OPERATIONS CENTER FOR NATIONSBANK FLORIDA

NCNB, C&S/SOVRAN NAME TAMPA AS OPERATIONS CENTER FOR NATIONSBANK FLORIDA
 TAMPA, Nov. 20 /PRNewswire/ -- NCNB (NYSE: NCB) and C&S/Sovran (NYSE: CVN) announced today that the main operations center for NationsBank Florida will be in Tampa, allowing the company to take advantage of significant economies by consolidating two centers into one.
 NCNB's operations center is in Tampa, while the C&S/Sovran operations center is in Fort Myers.
 The consolidation will be carried out in several phases, beginning late next spring. Completion is not expected before the end of summer.
 "A consolidation of two existing operations centers will allow for more efficiency," said R. Eugene (Gene) Taylor, president of NCNB Florida and newly named president of NationsBank Florida.
 The C&S/Sovran operations center in Ft. Myers will be closed after the consolidation is completed. The move will affect approximately 400 employees at the main center on Six Mile Cypress Parkway, as well as approximately 100 employees at the South Hall and Bell Tower facilities.
 "We will try to place as many employees as possible throughout the NationsBank system," Taylor said. "Available positions may be in the operations center in Tampa or in the branch system."
 Taylor added: "We took a close look at the most efficient way of meeting NationsBank Florida's operational needs.
 "We already have a large presence in Tampa and the physical space available to accommodate an expansion which will handle virtually all Florida General Bank operations activities for NationsBank."
 Positions moving to Tampa include bookkeeping, research and adjustments, item processing, central branch operations and administration, telephone customer service, project support, accounting and customer administration.
 "We recognize the transition process is difficult for many employees," said Gordon Oliver, president of C&S/Sovran in Florida.
 "Our operations center employees have done an outstanding job during the past several years in supporting the creation of a strong statewide C&S banking franchise. They can be proud of what they have accomplished."
 Taylor added that "a comprehensive NationsBank assistance program will give displaced employees as much advance notice as possible and first priority for available jobs for which they are qualified."
 To help match employees with available jobs, NationsBank will offer a nationwide and statewide job posting system, he said.
 In addition, financial assistance will be provided to displaced employees who decide to accept a NationsBank position they have been offered in another city.
 For those employees not offered positions, outplacement workshops will provide instruction and tools employees need to begin their job search outside the company. Severance packages also will be provided to those individuals who are not offered other positions.
 -0- 11/20/91
 /CONTACT: Sheryl McAlister of NCNB Corporation, 704-386-3150 or 366-2815, or Scott Scredon of C&S/Sovran Corporation, 404-581-5555 or 978-1862/
 (NCB CVN) CO: NCNB Corporation; C&S/Sovran Corporation; NCNB Florida; NationsBank ST: Florida IN: FIN SU:


CM -- CH010 -- 5568 11/20/91 16:22 EST
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Publication:PR Newswire
Date:Nov 20, 1991
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