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October 17, 2000
First Union Corporation Declares Cash Dividend on Common Stock
CHARLOTTE-The board of directors of First Union Corporation (NYSE:FTU) today approved the company's regular quarterly cash dividend on its common stock of $0.48 per common share.
The common stock dividend is payable on December 15, 2000 to holders of record as of the close of business on November 30, 2000.
Beginning with its predecessor, Union National Bank, First Union has paid a dividend every year since 1910.
First Union (NYSE:FTU), with $258 billion in assets and stockholders' equity of $14 billion at June 30, 2000, is a leading provider of financial services to 15 million retail and corporate customers throughout the East Coast and the nation. The company operates full-service banking offices in 12 East Coast states and Washington, D.C., and full-service brokerage offices in 44 states and international offices worldwide. Online banking products and services can be accessed through www.firstunion.com.
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