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Article: First Union's booming business.(Cover Story)
- Article from:
- Mortgage Banking
- Article date:
- May 1, 1998
- Author:
CopyrightCOPYRIGHT 1998 Mortgage Bankers Association of America. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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First Union Corp. is on a roll. Its acquisitions will help feed an already booming commercial securitization conduit. Company officials predict the bank will do $3 billion in CMBS product this year.
Pull up the First Union Corp. home page on the internet and of ALL the features the one that grabs your attention is the subgroup labeled "Merger Info." The icon shows two hands grasped in a manly shake. The Charlotte, North Carolina, banking company has been so busy buying financial organizations around the country, it created a separate listing for those who haven't been able to keep up.
Last year, First Union lassoed Richmond, Virginia-based Signet Banking ...