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EVEREN Trading in Chicago May Be Moved Out of Town

Traders Magazine, April 1999

Michael L. O'Reilly

Speculation Rife as First Union Acquires FirmWith the planned acquisition of EVEREN Securities by First Union Corp., speculation is rife that the EVEREN trading department will be folded into First Union's trading operations in either Charlotte or Richmond.

First Union has been running its trading operations out of Richmond since its $494 million purchase of Wheat First Butcher Singer in 1997, but does not have a trading department in Charlotte, where the bank has its headquarters.

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