Contact:
Arati Sontakay
(704) 383-6996
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July 15, 1998
First Union Adds Connecticut-based Investment Banker Mark Piscatelli to its Growing Public Finance Business
HARTFORD, CONN - First Union Capital Markets has expanded its Public Finance Department by hiring Mark S. Piscatelli as a Director based in Hartford, Connecticut. Piscatelli will work with public finance clients throughout Connecticut including both state and local issuers as well as health care and education borrowers.
Piscatelli joins a Northeast investment banking team, led by Managing Director Charles R. Ellinwood, that is responsible for First Union's public finance efforts in Connecticut, New York and New Jersey. The group works with First Union's government bankers who have responsibility for expanding the company's public sector business by providing clients with a full range of capital markets and commercial banking products.
"With First Union's strong presence in the Connecticut market, we view Mark as the ideal investment banker to complement a superb team of government bankers serving the state," said Ellinwood. "We are delighted that he chose to join us."
Piscatelli has worked in the Connecticut market for eight years at Fleet Securities and Advest. He has a Bachelor of Science and a Master of Business Administration from the University of Connecticut.
At June 30, First Union Capital Markets ranked 10th nationally among senior managers in public finance for 1998.
First Union Capital Markets and Wheat First Union are the investment banking divisions of Wheat First Securities Inc., the section 20 subsidiary of First Union Corporation. Together, they provide a comprehensive range of capital markets solutions to clients including public finance, equity underwriting, merger and acquisition advisory, high yield finance, private placements, loan syndications and risk management. Wheat First Securities Inc. is a registered broker/dealer and SIPC member. Commercial banking products are offered by First Union National Bank, an affiliate of Wheat First Securities Inc.
Charlotte-based First Union (NYSE:FTU) is a leading provider of financial services to more than 12 million retail and corporate customers throughout the East Coast and the nation. First Union is the nation's sixth largest bank with assets of $220 billion.
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