BusinessOctober 9, 1995
BUSINESS MEMO: SHAREHOLDERS APPROVE ONE OF LARGEST BANK DEALS
CHARLOTTE, N.C. -- First Union Corp. and First Fidelity Bancorp. shareholders overwhelmingly approved a proposed $5.4 billion merger. In one of the largest bank deals in history, Charlotte-based First Union and First Fidelity, which is based in both Philadelphia and Newark, N.J., will create a banking company with $126 billion in assets and 2,000 offices from Connecticut to Florida...
CHARLOTTE, N.C. -- First Union Corp. and First Fidelity Bancorp. shareholders overwhelmingly approved a proposed $5.4 billion merger.
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In one of the largest bank deals in history, Charlotte-based First Union and First Fidelity, which is based in both Philadelphia and Newark, N.J., will create a banking company with $126 billion in assets and 2,000 offices from Connecticut to Florida.
The combination, approved by shareholders at separate meetings Tuesday, must still be approved by bank regulators.
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