First Union expands through acquisition spree
First Union Bank accelerates growth with a major push across the East Coast. From a 1984 50th largest bank to a top six national broker dealer, it now operates 2,400 domestic offices and 17 foreign ones in 12 states. In May it moved into Upstate New York by acquiring First Albany Corp of Syracuse, expected to close in August.
MENTIONED IN THIS ARTICLE
First Union Bank
Aced
First Union
North Carolina
Connecticut
Florida
District of Columbia
Federal Deposit Insurance Corp
New York
Qirehasings
First Albany Corp
Syracuse
First Albany
First Union stock profile notes shifts and stakes
Stock Watch surveys First Union with 90 000 accounts and 11.4 billion in assets. It details the Money Store purchase in 1998 and a planned 2.7 billion earnings hit from the transfer. The piece notes a 52 week low, improving first quarter earnings, high dividend and a mixed analyst outlook amid bank industry trends.
MENTIONED IN THIS ARTICLE
First Union
Money Store
Florida
Pennsylvania
New Jersey
Virginia
New York
Firstinion
Wall Street Transcript
James Crawford
Trevor Stewart Burton & Jacobsen
Fed
First Union Corp. 2000 Q1 yields and growth view
First Union Corp reports 2000 first quarter profits of 840 million up from 706 million in 1999. The bank trades at about ten times earnings with yields above the market and a long term growth outlook around 10 percent, while Syracuse papers faced earlier problems.
MENTIONED IN THIS ARTICLE
Syracuse
Ng First Union
First Union
Budget Friendly Party Planning For Kids Events
The article suggests cost cutting for children's parties by using school or college students for services, Wegmans catering options, and local venues. It advises leveraging referrals, DIY decorations, student musicians, and student labor, with ideas like taco bars and craft activities to keep costs down.
MENTIONED IN THIS ARTICLE
Wegmans Stores
Stephanie Fehr
DeWitt Wegmans Deli
Wegmans
Wegimans.com
Sachs
FTC urged to hear consumer APR reduction complaints
They urge contacting the Federal Trade Commission about not reducing an APR below prime. The FTC may investigate creditor disclosures and deceptive practices. The piece cites Essen-Wally believing an APR would drop by two points and notes FTC actions, penalties, and complaint avenues via FTC-HELP or the FTC website.
MENTIONED IN THIS ARTICLE
Federal Trade Commission
FTC
Essen- Wally
Thea
Ftc.gov
Sharon Patchett
Consumer Credit Counseling Service
Central New York
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