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Wachovia Contributes Final Installment of $200,000 Gift to Appalachian

BOONE–Appalachian State University has received a $20,000 gift from the Wachovia Foundation as the final installment of a $200,000 commitment to the university’s Alfred T. Adams Professorship in Banking Endowment.

The professorship is held by Dr. Elbert V. Bowden. “The professorship was established to maintain a close relationship between the real world of banking in North Carolina and students in Appalachian’s Walker College of Business,” Bowden said.

“Wachovia’s number one priority is education,” said Wallace Greer, Wachovia’s area president for Watauga County. “We value the opportunity to work with Appalachian State University to give more students the chance to pursue a higher education.

Appalachian’s Alfred T. Adams Endowment is an important program that makes a real difference in a student’s opportunity for success in school and in life.”

Appalachian offers an undergraduate degree in finance and banking.

“We are extremely grateful to Wachovia/First Union for their strong continued financial support of Appalachian and the Walker College of Business, ” said Dr. Siegfried Herrmann, vice chancellor for university advancement at Appalachian.

Wachovia Corporation was created through the Sept. 1, 2001, merger of First Union and Wachovia. It had assets of $320 billion and stockholder’s equity of $29 billion as of March 31.

Wachovia is a leading provider of financial services to 20 million retail, brokerage and corporate customers throughout the East Coast and the nation.

The company operates full-service banking offices under the First Union and Wachovia names in 11 east coast states and Washington, D.C., and offers full-service brokerage with offices in 49 states and global services through more than 30 international offices.