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Article: Shop till you drop: that's just what acquisition-happy First Union has done to its earnings and stock price. (Special Report: Banking) (Cover Story)
- Article from:
- Business North Carolina
- Article date:
- October 1, 1990
- Author:
CopyrightCOPYRIGHT 1990 Business North Carolina. 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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SHOP TILL YOU DROP
That's just what acquisition-happy First Union has done to its earnings and stock price.
Fastest, tallest, biggest. Pick one, or more. Such superlatives are all essential words in the vocabulary of First Union Corp.
In the late 1980s, the Charlotte banking company was the fastest-growing financial institution in the Southeast. It is, today, the largest bank in a region that covers the Carolinas, Florida, Georgia and Tennessee.
Chairman Edward Crutchfield's official biography notes that when he became president in 1973 at age 32, he was "the youngest president of a major bank in the United States."
Two ...