SOUTHTRUST/WACHOVIA AT-A-GLANCE

Creates number one market position in the Southeast*, with 18% deposit share
Strengthens and extends Wachovia's reach in high-growth Southern markets — entry into new markets, immediate scale in fast-growing Texas market
Leverages Wachovia's strong merger integration track record with intense focus on customers
Low-risk transaction

	SouthTrust	Wachovia	Combined New Wachovia**	Pro forma Rank
Assets (3/31/04)	$53 B	$411 B	$464 B
Asset Rank	#16	#4	#4
2003 Revenues	$2.4 B	$20.3 B	$22.7 B	#5
Market Cap (6/18/04)	$14.3 B	$61.7 B	$76 B	#5
Headquarters	Birmingham, Ala.	Charlotte, N.C.	Charlotte, N.C.
Employees	12,407	85,460	97,867	#5
Registered Representatives	156 (126 in branches)	11,214	11,370
Customers (Households/ Businesses)	1.7 million	12 million	13.7 million
Deposits	$36 B	$232 B	$268 B	#4
Loans	$36 B	$167 B	$203 B	#5
Assets Under Management	$10 B	$251 B	$261 B
Mutual Funds	$2 B	$104 B	$106 B	#18 (As of 12/31/03)
Branches	731	2,531	3,262	#2
ATM Network	894	4,400	5,294	#5
Brokerage Offices	105	740	845

*Includes AL, FL, GA, MS, NC, SC, TN, VA; excludes deposits brokerage/credit card related companies
**All data as of 3/31/04 unless otherwise noted.

Email This Page

Printer Friendly Version

The proposed Merger will be submitted to Wachovia's and SouthTrust's shareholders for their consideration, and Wachovia and SouthTrust will file a registration statement, a joint proxy statement/prospectus and other relevant documents concerning the proposed transaction with the SEC. Shareholders are urged to read these documents when they become available because they will contain important information. You will be able to obtain copies of all documents filed with the SEC regarding the Merger, free of charge, at the SEC's Internet site (http://www.sec.gov). You will also be able to obtain these documents, free of charge, at www.wachovia.com under the tab "About Wachovia - Investor Relations" and then under the heading "Financial Reports - SEC Filings." You may also obtain these documents, free of charge, at www.SouthTrust.com under the tab "About SouthTrust," then under "Investor Relations" and then under "SEC Documents."

Wachovia Bank, N.A. is Member FDIC. SouthTrust is a registered trademark of Wachovia Corporation. Consumers rated us higher than our banking industry peer in the American Customer Satisfaction Index, an independent, national survey.

Wachovia and SouthTrust, and their respective directors and executive officers, may be deemed to be participants in the solicitation of proxies from the shareholders of Wachovia and SouthTrust in connection with the Merger. Information about Wachovia's directors and executive officers and their ownership of Wachovia common stock is contained in Wachovia's proxy materials filed with the SEC by Wachovia on March 15, 2004. Information about SouthTrust's directors and executive officers and their ownership of SouthTrust common stock is contained in SouthTrust's proxy materials filed with the SEC by SouthTrust on March 8, 2004. Additional information regarding the interests of those participants and other persons who may be deemed participants in the transaction will be included in the joint proxy statement/prospectus regarding the Merger when it becomes available. You may obtain free copies of these documents as described in the preceding paragraph.