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PRESS RELEASES


Contact:   Tara Bullock
(704) 383-8164

July 28, 1998
First Union Promotes Chris Daniels to Area President

Petersburg, VA -- Christine Gould Daniels has been promoted to area president for the greater Tri-Cities area. Daniels has been with First Union since 1997 as vice president and manager of the Tri-Cities Commercial Bank.

Daniels will lead the banks business and community outreach efforts in the Tri-Cities area, with special focus on the Petersburg, Hopewell and Williamsburg communities.

"First Union already has a strong local retail business. We also see a tremendous opportunity to reach and serve new, local commercial customers," said Daniels. " Our strategy is to continue to meet the needs of our existing clients while showing prospective customers how we can establish strong business partnerships."

Daniels is a certified cash manager and financial planner. She received a bachelors of science in Marketing and Management from McIntire School of Commerce and her masters in business administration from the University of Richmond.

Daniels is actively involved with local civic and professional organizations. She is chairman of the Board of Directors for the Crisis and Response Emergency Shelter, and serves as a board member for Crater Development Company, Petersburg Community Development Corporation and Southside Virginia Emergency Crew.

First Union Corporation (NYSE:FTU) is a leading provider of financial services to more than 16 million retail and corporate customers throughout the East Coast and the nation. At June 30, 1998, First Union had assets of $229 billion and total stockholders' equity was $17 billion. The company operates full service banking 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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