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first union national bank charlotte nc

First Union's chairman, Edward E. Crutchfield, and its president, shedding its reputation as a once-sleepy bank in Charlotte, N.C. First Union Corporation, with headquarters in Charlotte, North Carolina, is the nation's sixth largest banking company based on assets of $157 billion and. FIRST UNION NATIONAL BANK. By: /s/ JOSEPH H. TOWELL ----------------------------------- Name: Joseph H. Towell Title: Senior Vice President Lending Office.
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First Union National Bank, 122 North Elm Street

PocketSights Tour Builder

Center City Greensboro Historic Architecture

First Union National Bank, 122 North Elm Street

Greensboro, North Carolina 27401, United States

Created By: Preservation Greensboro

Information

The new city and regional operations offices for Charlotte-based First Union National Bank opened in this 10-story building on February 18, 1971. Among the striking features of the bank lobby were two wall rugs by V’Soske of San Juan, Puerto Rico, a well-known rug manufacturer. The architect for the building was Leif Valand of Raleigh and Daniel Construction was the general contractor for the $2.5 million building. The exposed aggregate sheathing, articulated concrete frame and structure, and deeply recessed windows make this building a late example of Brutalist architecture.

Leif Valand (1915-1985) was a prominent Raleigh architect from the late 1940s to the 1970s. He was born in Norway and immigrated to New York as a boy. Valand attended the Pratt Institute and practiced architecture in Scarsdale, before moving to Raleigh in the late 1940s to work on the Cameron Village Shopping Center. In his prime, Valand was among the most prolific architect in Raleigh. His works includes the Cameron Village Office Buildings and Apartments, Enloe High School, a Federal Building on New Bern Ave, North Hills Shopping Center, the Velvet Cloak Hotel, the Central Raleigh YMCA, and many private residences. Taking on partner Nelson Benzing in 1969, Valand, Benzing was the architect for both Holly Hill and Four Seasons malls. The office tower is now operated as the Self Help Center.

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First Union National Bank, 122 North Elm Street

First Union National Bank, 122 North Elm Street

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Источник: https://pocketsights.com/tours/place/First-Union-National-Bank-122-North-Elm-Street-5081:521

First Union National Bank (Charlotte, North Carolina) (extinct)

First Union National Bank (Charlotte, North Carolina) (extinct)

Overview

2 First Union Center,Charlotte, NC 28288

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First Union National Bank (Charlotte, North Carolina)

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This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by First Union National Bank (Charlotte, North Carolina). The use of any trade name or trademark is for identification and reference purposes only and does not imply any association with the trademark holder. The Presence of First Union National Bank (Charlotte, North Carolina)'s profile does not indicate a business or promotional relationship of any kind between RelSci and First Union National Bank (Charlotte, North Carolina).

Источник: https://relationshipscience.com/organization/first-union-national-bank-charlotte-north-carolina-750906
Defunct banks

Источник: https://academickids.com/encyclopedia/index.php/First_Union
Applicant InstitutionOther / Target Institutionempty cellInstitution Name
City, State Total Assets (000's)Cert #Institution Name
City, State Total Assets (000's)Offices
AcquiredCert #Action
ApprovedDOJ
Reply Date:Application
Number:The Fidelity Bank
FUQUAY-VARINA, NC $864,844 11507 First Union National Bank
CHARLOTTE, NC $60,261133869 11/17/00 10/27/00 20002566 The Fidelity Bank
FUQUAY-VARINA, NC $864,844 11507 First Union National Bank
CHARLOTTE, NC $60,261 233869 11/17/00 11/13/00 20002564 The Heritage Bank
LUCAMA, NC $125,252 8939 Triangle Bank
RALEIGH, NC $18,781 227145 3/16/00 2/14/00 20000102 The Heritage Bank
LUCAMA, NC $146,350 8939 First-Citizens Bank & Trust Company
RALEIGH, NC $9,233,951 1 11063 9/13/00 8/16/00 20002070 Bank of Davie
MOCKSVILLE, NC $64,098 34903 First Bank
TROY, NC $624,722 1 15019 10/23/00 10/5/00 20002366 Trinity Bank
MONROE, NC $22,582 35288 First Charter National Bank
CONCORD, NC $1,944,760 1 4886 7/20/00 7/21/0020001554 Southern Bank and Trust Company
MOUNT OLIVE, NC $704,572 15359 First-Citizens Bank & Trust Company
RALEIGH, NC $9,233,951 311063 8/31/00 8/16/00 20001870 Southern Bank and Trust Company
MOUNT OLIVE, NC $657,008 15359 Triangle Bank
RALEIGH, NC $11,093,499 3 27145 3/30/00 2/14/00 20000060 Capital Bank
RALEIGH, NC $222,237 34452 Centura Bank
ROCKY MOUNT, NC $9,022,242 5 33184 3/24/00 3/3/00 20000359 First-Citizens Bank & Trust Company
RALEIGH, NC $9,275,901 11063 Greensboro Insurance Services, Inc.
GREENSBORO, NC $576 1 0 6/15/00 5/26/00 20001195 First-Citizens Bank & Trust Company
RALEIGH, NC $9,593,062 11063 First Union National Bank
CHARLOTTE, NC $166,187 633869 11/29/00 10/27/00 20002565 First-Citizens Bank & Trust Company
RALEIGH, NC $9,593,062 11063 First Union National Bank
CHARLOTTE, NC $50,210 233869 12/7/00 11/22/00 20002829 First Bank
TROY, NC $617,674 15019 First Union National Bank
CHARLOTTE, NC $37,2214 33869 12/7/00 11/22/00 20002696 NewSouth Bank
WASHINGTON, NC $440,726 31084 Triangle Bank
RALEIGH, NC $2,070,417 5 27145 2/3/00 1/7/00 19993304 Waccamaw Bank
WHITEVILLE, NC $57,363 34515 Centura Bank
ROCKY MOUNT, NC $9,022,242 1 33184 3/6/00 1/31/00 19993247 Platte Valley State Bank & Trust Company
KEARNEY, NE $307,956 16112 Independent Trust Company
GRAND ISLAND, NE $1,500 10 9/27/00 8/16/00 20002046 The Berlin City Bank
BERLIN, NH $313,539 14240 Bank of New Hampshire
MANCHESTER, NH $4,788,015 1 26990 5/17/00 5/15/00 20000941 Granite Bank
KEENE, NH $876,738 17992 Webster Bank
WATERBURY, CT $11,092,138 218221 12/4/00 11/22/00 20002873 The Trust Company of New Jersey
JERSEY CITY, NJ $3,606,305 12525 The Bank of New York
NEW YORK CITY, NY $16,782 4639 12/21/00 12/12/00 20003067 HillTop Community Bank
SUMMIT, NJ $21,648 35235 Unity Bank
CLINTON, NJ $417,114 1 33503 11/30/00 11/22/00 20002822 Hudson United Bank
UNION CITY, NJ $7,201,450 12256 The Dime Savings Bank of New York, FSB
NEW YORK CITY, NY $22,560,682 103 16011 4/5/00 1/7/00 19993346 Beacon Federal
EAST SYRACUSE, NY $170,962 35329 Caney Fork Cooperative Credit Union
MCMINNVILLE, TN $301 1 003/06/200001/31/200019993398
Источник: https://www.fdic.gov/bank/individual/merger/2000/rmergers5.html

FIRST UNION NATIONAL BANK Sample Clauses

Related to FIRST UNION NATIONAL BANK

Financial Services The aim of cooperation shall be to achieve closer common rules and standards in areas including the following:

Residential Funding Corporation If Residential Funding Corporation is found by a court of competent jurisdiction to no longer be able to fulfill its obligations as REMIC Administrator under this Agreement the Master Servicer or Trustee acting as Master Servicer shall appoint a successor REMIC Administrator, subject to assumption of the REMIC Administrator obligations under this Agreement.

Wachovia Bank, N A., a national banking association and its successors and any corporation resulting from or surviving any consolidation or merger to which it or its successors may be a party, and any successor trustee at the time serving as successor trustee hereunder, appointed as herein provided.

Wells Fargo Bank, N A. Corporate Trust Services 8480 Stagecoach Circle Frederick, MD 21701-4747 BENCHMARK 2020-B17 Mortgage Trust Commercial Mortgage Pass-Through Certificates Series 2020-B17 For Additional Information please contact CTSLink Customer Service 1-866-846-4526 Reports Available www.ctslink.com Distribution Date: 4/17/20 Record Date: 3/31/20 Determination Date: 4/13/20 DISTRIBUTION DATE STATEMENT Table of Contents STATEMENT SECTIONS PAGE(s) Certificate Distribution Detail 2 Certificate Factor Detail 3 Reconciliation Detail 4 Other Required Information 5 Cash Reconciliation Detail 6 Current Mortgage Loan and Property Stratification Tables 7 - 9 Mortgage Loan Detail 10 NOI Detail 11 Principal Prepayment Detail 12 Historical Detail 13 Delinquency Loan Detail 14 Advance Summary 17 Modified Loan Detail 18 Historical Liquidated Loan Detail 19 Historical Bond / Collateral Realized Loss Reconciliation 20 Interest Shortfall Reconciliation Detail 21 - 22 Supplemental Reporting 23 Depositor Master Servicer Special Servicer Asset Representations Reviewer/Operating Advisor J.P. Morgan Chase Commercial Mortgage Securities Corp. 383 Madison Avenue 8th Floor New York, NY 10179 Contact: Kunal Singh Phone Number: (212) 834-5467 Midland Loan Services, a Division of PNC Bank, National Association 10851 Mastin Street Building 82, Suite 300 Overland Park, KS 66210 Contact: askmidlandls.com Phone Number: (913) 253-9000 Midland Loan Services, a Division of PNC Bank, National Association 10851 Mastin Street Building 82, Suite 300 Overland Park, KS 66210 Contact: askmidlandls.com Phone Number: (913) 253-9000 Pentalpha Surveillance LLC PO Box 4839 Greenwich, CT 06831 Contact: Don Simon Phone Number: (203) 660-6100 This report is compiled by Wells Fargo Bank, N.A. from information provided by third parties. Wells Fargo Bank, N.A. has not independently confirmed the accuracy of the information. Please visit www.ctslink.com for additional information and if applicable, any special notices and any credit risk retention notices. In addition, certificateholders may register online for email notification when special notices are posted. For information or assistance please call 866-846-4526. Wells Fargo Bank, N.A. Corporate Trust Services 8480 Stagecoach Circle Frederick, MD 21701-4747 BENCHMARK 2020-B17 Mortgage Trust Commercial Mortgage Pass-Through Certificates Series 2020-B17 For Additional Information please contact CTSLink Customer Service 1-866-846-4526 Reports Available www.ctslink.com Distribution Date: 4/17/20 Record Date: 3/31/20 Determination Date: 4/13/20 Certificate Distribution Detail Class CUSIP Pass-Through Rate Original Balance Beginning Balance Principal Distribution Interest Distribution Prepayment Premium Realized Loss/ Additional Trust Fund Expenses Total Distribution Ending Balance Current Subordination Level (1) A-1 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A-2 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A-4 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A-5 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A-SB 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A-S 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 B 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 C 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 D 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 E 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 F-RR 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 G-RR 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NR-RR 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 S 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 R 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 VRR Interest 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Class CUSIP Pass-Through Rate Original Notional Amount Beginning Notional Amount Interest Distribution Prepayment Premium Total Distribution Ending Notional Amount X-A 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 X-B 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 X-D 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00

WELLS FARGO NAME The Sub-Adviser and the Trust each agree that the name "Wells Fargo," which comprises a component of the Trust's name, is a property right of the parent of the Adviser.

Bank Holding Company Borrower is not a “bank holding company” or a direct or indirect subsidiary of a “bank holding company” as defined in the Bank Holding Company Act of 1956, as amended, and Regulation Y thereunder of the Board of Governors of the Federal Reserve System.

NCL CORPORATION LTD an exempted company incorporated under the laws of Bermuda with its registered office at Park Place, 55 Par-la-Ville Road, Hamilton HM11, Bermuda (the "Guarantor")

Group Life Insurance Plan Life Insurance: Three (3) times annual salary (Principal Sum) to a maximum of $300,000.

Financial Institution Funding The aggregate Capital associated with the Purchases by the Financial Institutions shall accrue Financial Institution Yield for each day during its Rate Tranche Period at either the LIBO Rate or the Alternate Base Rate in accordance with the terms and conditions hereof. Until Seller gives notice to Agent and the applicable Purchaser Agent(s) of another Discount Rate in accordance with Section 4.4, the initial Discount Rate for any portion of the Asset Portfolio transferred to the Financial Institutions pursuant to the terms and conditions hereof shall be the Alternate Base Rate. If any pro rata portion of the Asset Portfolio of any Conduit is assigned or transferred to, or funded by, any Funding Source of such Conduit pursuant to any Funding Agreement or to or by any other Person, each such portion of the Asset Portfolio so assigned, transferred or funded shall each be deemed to have a new Rate Tranche Period commencing on the date of any such assignment, transfer or funding, and shall accrue yield for each day during its Rate Tranche Period at either the LIBO Rate or the Alternate Base Rate in accordance with the terms and conditions hereof as if each such portion of the Asset Portfolio was held by a Financial Institution. With respect to each such portion of the Asset Portfolio, the assignee or transferee thereof, or the lender with respect thereto, shall be deemed to be a Financial Institution in the applicable Conduit’s Purchaser Group solely for the purposes of Sections 4.1, 4.2, 4.4 and 4.5 hereof.

PNC Bank, National Association PNC Bank, National Association, by execution hereof by its division, Midland Loan Services, a Division of PNC Bank, National Association, acknowledges and agrees that this Agreement is binding upon and enforceable against PNC Bank, National Association to the full extent of the obligations set forth herein with respect to Midland Loan Services, a Division of PNC Bank, National Association.

Источник: https://www.lawinsider.com/clause/first-union-national-bank

First Union National Bank, 122 North Elm Street

PocketSights Tour Builder

Center City Greensboro Historic Architecture

First Union National Bank, 122 North Elm Street

Greensboro, North Carolina 27401, United States

Created By: Preservation Greensboro

Information

The new city and regional operations offices for Charlotte-based First Union National Bank opened in this 10-story building on February 18, 1971. Among the striking features of the bank lobby were two wall rugs by V’Soske of San Juan, Puerto Rico, a well-known rug manufacturer. The architect for the building was Leif Valand of Raleigh and Daniel Construction was the general contractor for the $2.5 million building. The exposed aggregate sheathing, articulated concrete frame and structure, and deeply recessed windows make this building a late example of Brutalist architecture.

Leif Valand (1915-1985) was a prominent Raleigh architect from the late 1940s to the 1970s. He was born in What is the routing number for first interstate bank and immigrated to New York as a boy. Valand attended the Pratt Institute and practiced architecture in Scarsdale, before moving to Raleigh in the late 1940s to work on the Cameron Village Shopping Center. In his prime, Valand was among the most prolific architect in Raleigh. His works includes the Cameron Village Office Buildings and Apartments, Enloe High School, a Federal Building on New Bern Ave, North Hills Shopping Center, the Velvet Cloak Hotel, the Central Raleigh YMCA, and many private residences. Taking on partner Nelson Benzing in 1969, Valand, Benzing was the architect for both Holly Hill and Four Seasons malls. The office tower is now operated as the Self Help Center.

This point of interest is part of the tour: Center City Greensboro Historic Architecture


 

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Download the PocketSights Tour Guide mobile app to take this self-guided tour on your GPS-enabled mobile device.

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First Union National Bank, 122 North Elm Street

First Union National Bank, 122 North Elm Street

Location

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Источник: https://pocketsights.com/tours/place/First-Union-National-Bank-122-North-Elm-Street-5081:521

First Union is Now Wells Fargo

First Union offered a wide selection of financial and investment products to its customers. Founded in 1908 as Union National Bank, First Union was the sixth-largest banking company in the United States as of December 31, 2000. It held assets totaling more than $254 billion, with banking operations in 11 East Coast states and Washington, D.C., and brokerage operations in 47 states nationwide.

First Union’s stock was listed on the New York Stock Exchange (NYSE) under the ticker symbol FTU.

First Union merges

On September 1, 2001, First Union and Wachovia merged to create the leading retail bank presence on the East Coast and the fifth-largest full-service retail broker-dealer in the United States.

The new company was named Wachovia Corporation. As of December 31, 2001, it held assets totaling $330 billion and stockholders’ equity totaling $28 billion.

In 2008, Wells Fargo & Company acquired Wachovia Corporation, including First Union.

Need help?

If you are a customer and want to access your accounts online, please go to wellsfargo.com. If you have questions, please call us at 1-800-TO-WELLS (1-800-869-3557). We’re available 24 hours a day, 7 days a week.

Источник: https://www.wellsfargo.com/about/corporate/firstunion/

FIRST UNION NATIONAL BANK Sample Clauses

Related to FIRST UNION NATIONAL BANK

Financial Services The aim of cooperation shall be to achieve closer common rules and standards in areas including the following:

Residential Funding Corporation If Residential Funding Corporation is found by a court of competent jurisdiction to no longer be able to fulfill its obligations as REMIC Administrator under this Agreement the First union national bank charlotte nc Servicer or Trustee acting as Master Servicer shall appoint a successor REMIC Administrator, subject to assumption first union national bank charlotte nc the REMIC Administrator obligations under this Agreement.

Wachovia Bank, N A., a national banking association and its successors and any corporation resulting from or surviving any consolidation or merger to which it or its successors may be a party, and any successor trustee at the time serving as successor trustee hereunder, appointed as herein provided.

Wells Fargo Bank, N A. Corporate Trust Services 8480 Stagecoach Circle Frederick, MD 21701-4747 BENCHMARK 2020-B17 Mortgage Trust Commercial Mortgage Pass-Through Certificates Series 2020-B17 For Additional Information please contact CTSLink Customer Service 1-866-846-4526 Reports Available www.ctslink.com Distribution Date: 4/17/20 Record Date: 3/31/20 Determination Date: 4/13/20 DISTRIBUTION DATE STATEMENT Table of Contents STATEMENT SECTIONS PAGE(s) Certificate Distribution Detail 2 Certificate Factor Detail 3 Reconciliation Detail 4 Other Required Information 5 Cash Reconciliation Detail 6 Current Mortgage Loan and Property Stratification Tables 7 - 9 Mortgage Loan Detail 10 NOI Detail 11 Principal Prepayment Detail 12 Historical Detail 13 Delinquency Loan Detail 14 Advance Summary 17 Modified Loan Detail 18 Historical Liquidated Loan Detail 19 Historical Bond / Collateral Realized Loss Reconciliation 20 Interest Shortfall Reconciliation Detail 21 - 22 Supplemental Reporting 23 Depositor Master Servicer Special Servicer Asset Representations Reviewer/Operating Advisor J.P. Morgan Chase Commercial Mortgage Securities Corp. 383 Madison Avenue 8th Floor New York, NY 10179 Contact: Kunal Singh Phone Number: (212) 834-5467 Midland Loan Services, a Division of PNC Bank, National Association 10851 Mastin Street Building 82, Suite 300 Overland Park, KS 66210 Contact: askmidlandls.com Phone Number: (913) 253-9000 Midland Loan Services, a Division of PNC Bank, National Association 10851 Mastin Street Building 82, Suite 300 Overland Park, KS 66210 Contact: askmidlandls.com Phone Number: (913) 253-9000 Pentalpha Surveillance LLC PO Box 4839 Greenwich, CT 06831 Contact: Don Simon Phone Number: (203) 660-6100 This report is compiled by Wells Fargo Bank, N.A. from information provided by third parties. Wells Fargo Bank, N.A. has not independently confirmed the accuracy of the information. Please visit www.ctslink.com for additional information and if applicable, any special notices and any first union national bank charlotte nc risk retention first union national bank charlotte nc. In addition, certificateholders may register online for email notification when special notices are posted. For information or assistance please call 866-846-4526. Wells Fargo Bank, N.A. Corporate Trust Services 8480 Stagecoach Circle Frederick, MD 21701-4747 BENCHMARK 2020-B17 Mortgage Trust Commercial Mortgage Pass-Through Certificates Series 2020-B17 For Additional Information please contact CTSLink Customer Service 1-866-846-4526 Reports Available www.ctslink.com Distribution Date: 4/17/20 Record Date: 3/31/20 Determination Date: 4/13/20 Certificate Distribution Detail Class CUSIP Pass-Through Rate Original Balance Beginning Balance Principal Distribution Interest Distribution Prepayment Premium Realized Loss/ Additional Trust Fund Expenses Total Distribution Ending Balance Current Subordination Level (1) A-1 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A-2 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A-4 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A-5 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A-SB 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A-S 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 B 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 C 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 D 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 E 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 F-RR 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 G-RR 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NR-RR 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 S 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 R 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 VRR Interest 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Class CUSIP Pass-Through Rate Original Notional Amount Beginning Notional Amount Interest Distribution Prepayment Premium Total Distribution Ending Notional Amount X-A 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 X-B 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 X-D 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00

WELLS FARGO NAME The Sub-Adviser and the Trust each agree that the name "Wells Fargo," which comprises a component of the Trust's name, is a property right of the parent of the Adviser.

Bank Holding Company Borrower is not a “bank holding company” or a direct or indirect subsidiary of a “bank holding company” as defined in the Bank Holding Company Act of 1956, as amended, and Regulation Y thereunder of the Board of Governors of the Federal Reserve System.

NCL CORPORATION LTD an exempted company incorporated under the laws of Bermuda with its registered office at Park Place, 55 Par-la-Ville Road, Hamilton HM11, Bermuda (the "Guarantor")

Group Life Insurance Plan Life Insurance: Three (3) times annual salary (Principal Sum) to a maximum of $300,000.

Financial Institution Funding The aggregate Capital associated with the Purchases by the Financial Institutions shall accrue Financial Institution Yield for each day during its Rate Tranche Period at either the LIBO Rate or the Alternate Base Rate in accordance with the terms and conditions hereof. Until Seller gives notice to Agent and the applicable Purchaser Agent(s) of another Discount Rate in accordance with Section 4.4, the initial Discount Rate for any portion of the Asset Portfolio transferred to the Financial Institutions pursuant to the terms and conditions hereof shall be the Alternate Base Rate. If any pro rata portion of the Asset Portfolio of any Conduit is assigned or transferred to, or funded by, any Funding Source of such Conduit pursuant to any Funding Agreement or to or by any other Person, each such portion of the Asset Portfolio so assigned, transferred or funded shall each be deemed to have a new Rate Tranche Period commencing on the date of any such assignment, transfer or funding, and shall accrue yield for each day during its Rate Tranche Period at either the LIBO Rate or the Alternate Base Rate in accordance with the terms and conditions hereof as if each such portion of the Asset Portfolio was held by a Financial Institution. With respect to each such portion of the Asset Portfolio, the assignee or transferee thereof, or the lender with respect thereto, shall be deemed to be a Financial Institution in the applicable Conduit’s Purchaser Group solely for the purposes of Sections 4.1, 4.2, 4.4 and 4.5 hereof.

PNC Bank, National Association PNC Bank, National Association, by execution hereof by its division, Midland Loan Services, a Division of PNC Bank, National Association, acknowledges and agrees that this Agreement is binding upon and enforceable against PNC Bank, National Association to the full extent of the obligations set forth herein with respect to Midland Loan Services, a Division of PNC Bank, National Association.

Источник: https://www.lawinsider.com/clause/first-union-national-bank

First Union Corporation was a bank holding company that provided commercial and retail banking services in eleven states in the eastern U.S. First Union also provided various other financial services, including mortgage banking, credit card, investment banking (First Union Securities), investment advisory, home equity lending, asset-based lending, leasing, insurance, international and securities brokerage services and private equity (First Union Capital Partners), through other subsidiaries. In September 2001, First Union completed a merger with Wachovia National Bank to become Wachovia Corporation, one of the largest financial holding companies in the US. As of the end of 2000, First Union had over $170 billion of total assets, over 70,000 employees and nearly 2,200 branches.

History




Fed. Reserve Routing Numbers (list) - FEDERAL RESERVE BANK ROUTING NUMBERS • A Boston (1st District) 0110-0001-5 • B New York (2nd District) 0210-0120-8 • C Philadelphia (3rd.

First Union Corporation was founded as Union National Bank on June 2, 1908, a small banking desk in the lobby of a hotel in Charlotte, North Carolina, by H. M. Victor.

The bank merged with First National Bank and Trust Company of Asheville in 1958 to become First Union National Bank of North Carolina. In 1964, the bank added Cameron-Brown company, a mortgage banking and insurance firm.

First Union Corporation was incorporated in 1967. In February 1968, Cameron-Brown Co., a $10 billion mortgage banker created in 1955 from the merger of Fidelity Bond & Mortgage Co. (started in 1946 in Raleigh) and Brown-Hamel Mortgage Co. of Greensboro, changed its name to First Union Mortgage Corp. to match its parent company. As part of a corporate reorganization in 1968, a predecessor of First Union National Bank and First Union Mortgage Corporation, the first union national bank charlotte nc banking firm acquired in 1964 became subsidiaries of First Union Corp creating the structure the bank utilized until the 2001 merger.

Starting in 1985, with the Supreme Court decision upholding regional interstate banking legislation, First Union focused on an aggressive growth strategy and from 1985 through the merger with Wachovia in 2001, First Union completed over 90 banking-related acquisitions, 50 of which were completed between 1985 and 1995. Atlantic National Bank of Jacksonville, Florida, merged with First Union in 1985.

In a deal announced in June 1992, First Union acquired South Carolina Federal Corp., making First Union the third largest bank in South Carolina by deposits, but also giving North Carolina-based banks the majority of financial institution assets in South Carolina, something that had never happened in any state since regional banking began in 1986.

In 1995, First Union acquired First Fidelity of Newark, New Jersey to expand into the Northeast.

CoreStates

In April 1998, First Union acquired CoreStates Financial Corporation, headquartered in Philadelphia. At the time, this was the largest merger in US banking history.

CoreStates traced its history to 1781 and the Bank of North America, the first bank chartered in the United States. Once the merger finalized, First Union claimed 1781 as its founding date. It continued to operate The Bank of North America's first branch at Sixth and Chestnut in Philadelphia which opened in 1782. It is now the longest continuously operated branch in America and through subsequent mergers is now part of Wells Fargo.

The acquisition of CoreStates brought problems. Many of these arose when First Union attempted to integrate the CoreStates and First Union computer systems too rapidly. Initially, CoreStates’ tellers received insufficient training with the new First Union systems and the two systems were unable to communicate with each other. This led to problems with account access and payments not correctly applied to loans.

Bowles Hollowell

First Union acquired Bowles Hollowell Connor & Co. on April 30, 1998 adding to its merger and acquisition, high yield, leveraged finance, equity underwriting, private placement, loan syndication, risk management, and public finance capabilities.

The Money Store

On June 30, 1998, First Union paid $2.1 billion for The Money Store, a specialist in home equity loans known for its commercials featuring Baseball Hall of Fame shortstop Phil Rizutto and pitcher Jim Palmer. Two years later, it closed the unit, writing off $1.7 billion in losses.

Acquisition of Wachovia

On April 16, meghan king edmonds ex husband, First Union announced it would merge with Wachovia. This was viewed with great surprise by the financial press and security analysts. While Wachovia had been viewed as an acquisition candidate after running into problems with earnings and credit quality in 2000, the suitor shocked analysts as many speculated that Wachovia would be sold to SunTrust.

As an important part of the deal, while First Union was the nominal survivor, the merged company would assume the Wachovia identity and stock ticker symbol (though it retained First Union's pre-2001 stock price history). Analysts said this move was most likely to help First Union acquire a new identity, as Wachovia's reputation was far better with consumers than First Union. At the same time, Wachovia's name and corporate identity would survive.

The deal met with skepticism and criticism. Analysts, remembering the problems with the CoreStates acquisition, were concerned First Union's ability to merge with another large company. Winston-Salem's citizens and politicians suffered a blow to their civic pride because the merged company would be based in Charlotte, home to First Union. City leaders were concerned both by job losses and the loss of stature from losing a major corporate headquarters. First Union was concerned by the potential deposit attrition and customer loss in the city. First Union responded to these concerns by placing the wealth management and Carolinas-region headquarters in Winston-Salem.

On May 14, 2001, Atlanta-based SunTrust announced a rival takeover bid for Wachovia, the first hostile takeover attempt in the banking sector in many years. In its effort to make the deal appeal to investors, SunTrust argued that it would provide a smoother transition than First Union and offered a higher cash price for Wachovia stock than First Union.

Wachovia's board of directors rejected SunTrust's offer and supported the merger with First Union. SunTrust continued its hostile takeover attempt, leading to a bitter battle over national league of cities logo summer between SunTrust and First Union. Both banks increased their offers for Wachovia, took out newspaper ads, mailed letters to shareholders, and initiated court battles to challenge each other's takeover bids. On August 3, 2001, Wachovia shareholders approved the First Union deal, rejecting SunTrust's attempts to elect a new board of directors for Wachovia and ending SunTrust's hostile takeover attempt.

Another issue concerned each bank's credit card division. In April 2001, Wachovia agreed to sell its $8 billion credit card portfolio to Bank One. The cards, which would have still been branded as Wachovia, would have been issued through Bank One's First USA division. First Union sold its credit card portfolio to MBNA in August 2000. After entering into negotiations, the new Wachovia agreed to buy back its portfolio from Bank One in September 2000 and resell it to MBNA. Wachovia paid Bank One a $350 million termination fee.

On September 4, 2001, First Union and Wachovia formally merged to form the new Wachovia Corporation. In order to prevent a repeat of the CoreStates problems, the new Wachovia phased the conversion of Wachovia computer systems into the First Union systems. The company first began converting systems in the southeast United States, where both banks had branches, before moving to the Northeast, where First Union branches only had to change their signs to reflect the new company name and logo. This process ended on August 18, 2003, almost two years after the merger took place.

When Wachovia and First Union merged, Charlotte's One, Two, and Three First Union buildings became One, Two, and Three Wachovia Center (respectively), and the 55-story First Union Financial Center in downtown Miami became the Wachovia Financial Center. The merger also affected the names of the indoor professional sports arenas in Philadelphia and Wilkes-Barre, Pennsylvania. Formerly known as the First Union Center and the First Union Spectrum (both Philadelphia) and First Union Arena (Wilkes-Barre), they became the Wachovia Center, Wachovia Spectrum, and Wachovia Arena at Casey Plaza, respectively. In 2010, following Wachovia's merger into Wells Fargo, the Spectrum was demolished and the other venues became the Wells Fargo Center and the Mohegan Sun Arena at Casey Plaza.

References


First Union - Wikipedia
First Union - Wikipedia. Source : en.wikipedia.org


Union Bank & Trust acquiring Roanoke firm <div><h2>First Union Corporation - Company Profile, Information, Business Description, History, Background Information on First Union Corporation</h2><div>Two First Union Center<br>Charlotte, North Carolina 29288-0507<br>U.S.A.<br><h3>History of First Union Corporation</h3><p>First Union Corporation, with headquarters in Charlotte, North Carolina, ranks as the nation's ninth largest bank holding company, based on total assets. Its employee base--nearly 35,000 strong--serves a customer group of more than 7 million people. The bank's 1,314 banking branch offices in the economically diverse South Atlantic states make it the nation's third largest bank branch network. Together, they provide full-service investment banking, retail banking, commercial banking, and trust services. First Union also has 215 diversified offices throughout the United States to provide its customer base with such financial services as mortgage banking, home equity lending, leasing, insurance, and securities brokerage services.</p><p>First Union traces its foundation to 1908 as the Charlotte-based Union National Bank. The First Union name made its initial appearance in 1958 following the merger between Union National Bank and Asheville, North Carolina-based First National Bank. At the time of the merger, the new bank became the first <a href=Air france usa customer service phone number bank to own branch offices in another city.

Union National Bank's founder, H. M. Victor, would have a difficult first union national bank charlotte nc recognizing the bank he founded in 1908. The company's first offices were in the modest Buford Hotel on Charlotte's main downtown thoroughfare of Tryon Street. First union national bank charlotte nc raised funds to start Union National Bank by selling 1,000 shares of stock at $100 each. Next, he set up his office at a rolltop desk in the hotel's main lobby. Soon, Victor had earned a reputation as a conservative banker who always confirmed his customers' creditworthiness prior to issuing them any loans. For many years, Victor even refused to make loans for the then-newly invented automobile. Finally, he relented with a loan to a customer for a Model-T Ford. Just to be safe, however, he held the owner's keys and title until the loan was repaid in full.

As Union National grew, the company maintained the reputation Victor had established as being an institution of high credit quality, strong financial performance, and excellent customer service. It was this image and visibility that kept the bank open during the troubled 1930s. The Great Depression forced many of Union National's competitors to shut their doors permanently during that era.

In the successful decades the followed the Depression, Union National Bank stood out as a pioneer and leader in many areas of the banking industry, and it developed an innovative approach to growth and diversification. For example, in 1947 Union National became the first Charlotte-based bank to open a branch office. Later, it was the first bank to offer a flat-fee checking account. Even before the development of MasterCard and Visa, Union National was the first bank to offer a charge card. Through the years, First Union has followed this legacy of leadership, becoming the first bank in the United States to link all of its branches by satellite for data transmission in 1993.

In 1958, a visionary leader at Union National by the name of Carl McCraw, Sr.--then serving as president of the bank--recognized that the future of American banking lay in a strong branching network. With a young manager by the name of C. C. Hope, McCraw traveled to New York to study mergers in depth. McCraw was in very good company with the young Mr. Hope. Hope was later to become vice chairman of the corporation, president of the American Bankers Association, and director of the Federal Deposit Insurance Corporation before his death in 1993.

McCraw and Hope studied bank mergers diligently, and their research paid off later that year when Union National merged with First National Bank and Trust Company of Asheville. The merger created the First Union National Bank of North Carolina. By 1964, the company had further diversified by acquiring the Raleigh-based Cameron-Brown Company. Cameron-Brown was one of the Southeast's leading mortgage banking and insurance companies. The acquisition propelled First Union to become one of only a few banking companies that was legally empowered to offer a full line of insurance and mortgage products to its customers in all 50 states. Cameron-Brown changed its name to First Union Mortgage Corporation in 1986. By 1994, the mortgage company stood as one of the nation's 11 largest mortgage banking companies based on mortgage servicing volume.

The late 1960s brought more organizational change to First Union. During that time, the company formed a bank holding company, and C. C. Cameron, the founder of Cameron-Brown, became chairman of the newly-formed holding company. By December 31, 1968, First Union formed a bank holding company with total assets of nearly $1 billion. In 1973, Edward E. Crutchfield, Jr., became the nation's youngest president of a major banking company when he was named president of First Union at age 32.

From the 1960s to the mid-1980s, First Union expanded across the first union national bank charlotte nc, merging with more than thirty banks and adding branches to its statewide system. In 1985, the Supreme Court approved regional interstate banking, and First Union was among the first American banks to take advantage of this decision. At that time, the company expanded into other states and acquired banks in North and South Carolina, Georgia, Florida, and Tennessee.

Also in 1985, Crutchfield succeeded Cameron as chairman and chief executive officer of First Union Corporation. That year, he conducted an expansion program that encompassed Northwestern Financial Corporation of Greensboro, North Carolina. The merger was the largest in North Carolina's history, and it created the state's second largest bank. It also established First Union's flagship banking operation.

In 1988, First Union's national presence was sufficient to warrant listing its stock on the New York Stock Exchange. Prior to this event, the stock was traded only over the counter. Between 1985 and 1994, First Union used its powerful statewide foundation to complete 40 acquisitions and mergers with banks in North and South Carolina, Georgia, Tennessee, and Florida. In 1993, the company expanded its banking operations into Virginia, Maryland, and Washington, D.C. The corporation grew from $8.2 billion in assets on June 30, 1985, to $70.8 billion on December 31, 1993.

First Union's basic business strategy has been to seek other banking organizations with compatible management and philosophies. By merging with such similar companies, First Union maintained the reputation established by Victor at the original Union National. As of 1994, the bank held firmly to its image of strong financial performance and quality products and service. As the company consolidated the operations of its acquired banking partners, First Union managed to achieve efficiencies by standardizing products, policies, and procedures and by making full use of high technology automation systems.

During its growth years, First Union's transition was strengthened by such leaders as Frank H. Dunn, Jr., chairman and chief executive officer of First Union National Bank of North Carolina; Byron E. Hodnett, chief executive officer of First Union National Bank of Florida; Harald R. Hansen, chairman, president, and chief executive officer of First Union National Bank of Georgia; Sidney B. Tate, chairman, president, and chief executive officer of First Union Bank of South Carolina; Robert L. Reid, chairman, president, and chief first union national bank charlotte nc officer of First Union National Bank of Tennessee, and Benjamin P. Jenkins, president and chief operating officer of First Union National Bank of Virginia. The banks' mergers also added the talents of B. J. Walker, formerly of Atlantic Bancorporation and by first union national bank charlotte nc vice chairman of First Union Corporation, to First Union's arsenal.

Through the early 1990s, management of First Union's sales, marketing, and customer service fell under the jurisdiction of John R. Georgius, president of the corporation. Georgius helped develop the Quality Customer Service (QCS) program, which by 1994 had become an industrywide model. Under the Quality Customer Service program, First Union constantly trained employees on improved techniques for customer service and sales. Employees earned cash incentives for achieving the program's high standards of service. The corporation's incentive program was just one example of its full commitment to providing quality service to its more than 7 million customers. It also served as a baseline for attracting new customers. As Georgius stated in First Union's Corporate Overview, 'In the 1990s, there should be no question that First Union is one of the finest sales-driven, service-oriented organizations in the United States.'

Other people have taken notice of First Union's success, on both the customer service front and the financial front. First Union Corporation was profiled as one of the '101 Companies that Profit from Customer Care,' a book that cited role models 'for the new American manager.' The book praises First Union for its Quality Customer Service program, for its aggressive 'mystery shopping' program by an independent firm, and for its in-depth market research into customer definitions of service.

In the 1990s, First Union also continued to build its product inventory. For example, the company built the most competitive foreign exchange operation in the southeastern United States, with a team of experienced traders who provided pricing and advice 24 hours a day. The foreign exchange operation assisted more than 350 corporate customers in some 54,000 transactions in 1993. This exchange operation became increasingly important in the North Carolina region as it attracted foreign-owned corporations at a rate that outpaced the rest of the nation.

Also, after nearly a decade of using derivatives to manage interest rate risk, First Union established a 'derivatives products' business in 1993. That year, the company assisted 300 corporate customers in nearly 500 transactions to manage interest rate risk, reduce the cost of financing their businesses, and expand the financing opportunities available to them. The 'capital partners' group was established in 1987 to provide merchant banking services to its southeastern communities. First Union also had financing specialists in such fields as trade finance, communications, health care, energy, lease finance, transportation, mortgage banking, and insurance.

That same year, First Union launched an aggressive new strategy to compete head-on with major brokerage and investment banking firms. The company estimates there are more than 100,000 corporations and entrepreneurs who need alternative financing solutions to traditional bank loans. Among those products First Union offered were syndicated loans, private placements, securitization of assets, mezzanine financing and equity capital. The company had recruited more than 60 capital markets experts from top money centers to spearhead the initiative.

After eight years of offering its own proprietary mutual funds, First Union began rapidly developing a licensed sales force to sell mutual funds in 1993. The company increased its range of financial offerings with the acquisition of Lieber & Company, advisor to the Evergreen Funds.

One element on First Union's side for future growth and success was its home region. The South Atlantic region of the United States has witnessed continued movement, or 'in-migration,' of people into the area from other parts of the nation. During the last decade, the South Atlantic states gained 3.3 million people in population in-migration. First Union's experts predicted that the rate will rise to 4.1 million people over the next decade. This rate is significantly better than any other region in the United States. Between 1991 and 1993, the South Atlantic region attracted more than 3,300 new or expanded plants and offices, 35 percent more than any other region and 29 percent of all new corporate locations in the United States. The South Atlantic region also attracted 45 percent of all new and expanded foreign-based facilities during this same time period. All of these statistics are even more remarkable when the region represents only 18 percent of the total United States population.

Banking opportunities increase with such rapid regional growth. First Union's banking region was projected to continue to outpace the rest of the nation in population, employment, and personal income growth throughout the 1990s. This situation, plus First Union's inherent financial strength, meant that the company was well positioned for growth, with resources, management talent, technological advantage, market posi-tion, and products to continue to lead the pack in the banking world.

In the company's corporate profile, Chairman Crutchfield described First Union's mission 'to be the best place for companies and individuals to obtain the financial services and products they want--and then to delight them with our efforts to help them achieve their financial goals.' He continued, 'When an individual wants an equity mutual fund, or a corporate treasurer seeks to hedge foreign currency exposure, or a state or municipality wants to first union national bank charlotte nc general obligation bonds, or any customer has any financial need, our vision is for them to think, 'I bet First Union offers that.'

Principal Subsidiaries: First Union Mortgage Corporation; First Union Home Equity Corporation; First Union Brokerage Services, Inc.

Additional Details

  • Public Company
  • Incorporated: 1958 as First Union National Bank of North Carolina
  • Employees: 32,861
  • Total Assets: $72.6 billion
  • Stock Exchanges: New York
  • SICs: 6712 Bank Holding Companies; 6021 National Commercial Banks
Источник: https://www.referenceforbusiness.com/history2/42/First-Union-Corporation.html
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Union Bank & Trust acquiring Roanoke firm

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