Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: FRIDAY, January 20, 1995                   TAG: 9501200084
SECTION: BUSINESS                    PAGE: A-7   EDITION: METRO 
SOURCE: MAG POFF STAFF WRITER
DATELINE:                                 LENGTH: Medium

FIRST UNION ON THE MOVE IN N. VIRGINIA

Zack Parrish, senior vice president for the capital management group, said Thursday that he will have offices in both Roanoke and McLean. He said he was trying to network new business in the Washington, D.C., metropolitan area on weekends and found it more convenient to move his family there.

He said he spends 75 percent to 80 percent of his time traveling in his newly created position as head of sales of mutual fund, brokerage and trust services in Virginia, Washington and Maryland. Parrish had previously headed community banking in the Shenandoah Valley from a base in Roanoke.

No other employees in the capital management department are affected, and work will continue as it did before the new job was created.

The bulk of mutual fund, brokerage and trust work for First Union National Bank of Virginia is conducted in Roanoke. All of that work will remain here, along with one of Parrish's two offices, he said.

At the same time, Parrish said, First Union has invested a lot of money in the Washington area but has a smaller share of the market than it does in the Roanoke area. He said the bank has a need for executives to develop business there on weekends.

He said that James Buckland, senior vice president for commercial real estate, also has moved to McLean for the same reasons.

None of the work performed in Roanoke will be changed, he said, and the commercial real estate division will remain in Roanoke.

Charles Abbott, who worked in credit administration in Roanoke, has been promoted to head of real estate portfolio management in Richmond, a job that had become vacant.