First Union Corporation, et al.; Acquisitions of Companies Engaged in Permissible Nonbanking Activities

Summary

First Union Corporation, along with other financial institutions, has made acquisitions of companies involved in permissible nonbanking activities, as mandated by regulatory bodies such as the Office of the Comptroller of the Currency (OCC) and the Federal Reserve. This move is part of a larger effort to expand their services and offerings in the financial sector.