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November 19, 2003
Wachovia Announces Platinum Sponsorship of FELABAN
FELABAN is the Annual Latin American Banking Conference hosted by the Federation of Latin American Banks
CHARLOTTE, N.C. - Wachovia announced today that it will be a Platinum Sponsor of the 2003 FELABAN Annual Assembly in Miami, November 23 - 25. Coordinated by the Florida International Bankers Association (FIBA), this conference is attended by representatives from more than 700 banking and financial institutions located in 19 countries throughout Central and South America.
"Our continued sponsorship of FELABAN speaks to our ongoing commitment to the banking community of Central and South America," said Carlos Perez, managing director and head of the Americas Group within Wachovia's International Correspondent Banking division. "As demonstrated by our seven dedicated, in-country offices throughout the region, we consider Latin America a strategic market for serving our correspondent banking customers."
Additionally, FImetrix, a dedicated qualitative and quantitative market research and consulting firm in the field of international financial services, has ranked Wachovia's Latin American correspondent banking as: #1 in total customers and primary customers; #1 relationship managers in terms of calling frequency, building close relationships and responsiveness; and #1 for local customer service, largest market share in treasury clearing, commercial payments, documentary collections and letters of credit.
As a Platinum sponsor, Wachovia will host the opening night reception and maintain a booth at the show, which will display the products and services the International Correspondent Banking division offers.
"Wachovia has been a consistent and continuous sponsor and supporter of both FIBA and FELABAN," said Pat Roth, Director of FIBA. "Wachovia's commitment has helped us to further promote the importance of the Latin American banking community around the world."
Wachovia's International Division
Wachovia's International Division has a 200-year legacy in International correspondent banking, and is the world leader in SWIFT message type 700 trade volume and third-party trade processing. The Division maintains more than 3,000 correspondent relationships in more than 130 countries, as well as 32 representative offices throughout Europe, Asia and Latin America.
About Wachovia
Wachovia Corporation (NYSE:WB) is one of the largest providers of financial services to retail, brokerage and corporate customers throughout the East Coast and the nation, with assets of $389 billion and stockholders' equity of $33 billion at Sept. 30, 2003. Its four core businesses, the General Bank, Capital Management, Wealth Management, and the Corporate and Investment Bank, serve 9 million households, including 900,000 businesses, primarily in 11 East Coast states and Washington, D.C. Its broker-dealer, Wachovia Securities, LLC, serves clients in 48 states. Global services are provided through more than 30 international offices. Online banking and brokerage products and services are also available through Wachovia.com.
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