"David's leadership in Georgia and throughout First Union shows a b commitment to high performance, teamwork and a vision for how to meet the challenges of a changing financial services industry," said John R. Georgius, vice chairman of First Union Corporation. "Over the past 6 years, Byron Hodnett's team has built one of our company's best success stories. Together they are an unbeatable combination."
Carroll will continue his work as a key leader in First Union's effort to move toward the bank of the future, offering customers the choice of how, when and where they want to do business. Carroll led the company's recent implementation of new technologies and alternative delivery channels in First Union's Atlanta market.
Carroll, 40, was named president of the Georgia bank in June 1994. He led the bank's General Banking Group after serving as vice chairman and General Banking Group executive of First Union-Virginia. He also served on the board of directors and as an executive vice president in the South Carolina bank from 1991 to 1993. Carroll worked in the commercial bank and the Corporate Banking Group after joining the company as a credit analyst in Charlotte in 1981.
Pacer joined First Union National Bank in 1987, after more than twenty years of banking experience in New York and Florida. He served as the Tampa area president in First Union's Florida bank before joining Carroll in Georgia as executive vice president and head of the General Banking Group.
"One of First Union's strengths is depth within the ranks of leadership and promoting from within," said Georgius. "Tom has been a key leader in the two largest change efforts in our company, in both the commercial and consumer bank. His hands-on approach and out-front style bring strength to our important Georgia bank."
Hodnett has served as president of First Union-Florida since 1992. He was executive vice president of First Union-Florida's General Banking Group from 1986 to 1991. Hodnett has served in various managerial positions since he joined the company in 1972.
As of June 30, 1997, First Union had assets of $143 billion. Total stockholders' equity was $10 billion. The company operates full-service offices in Connecticut, Delaware, Florida, Georgia, Maryland, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia and Washington, D.C.
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