EXHIBIT (99)(A) FIRST UNION CORPORATION OF VIRGINIA AND SUBSIDIARIES SUMMARIZED FINANCIAL INFORMATION In connection with the merger of Dominion Bankshares Corporation into First Union Corporation of Virginia ("FUNC-VA"), a wholly-owned subsidiary of First Union Corporation (the "Corporation"), on March 1, 1993, FUNC-VA assumed, and subsequently the Corporation guaranteed, FUNC-VA's publicly held 9 5/8% Subordinated Capital Notes Due 1999. Set forth below is summarized consolidated financial information for FUNC-VA and subsidiaries for the periods indicated. CONSOLIDATED STATEMENTS OF INCOME DATA THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, (IN THOUSANDS) 1995 1994 1995 1994 Net interest income.......................................................... $133,121 124,261 260,005 243,920 Income before income taxes................................................... 64,820 42,874 127,794 77,391 Net income................................................................... $ 40,937 28,451 82,078 50,767 CONSOLIDATED BALANCE SHEET DATA JUNE 30, (IN THOUSANDS) 1995 1994 Assets........................................................................................ $14,077,338 12,334,937 Securities available for sale................................................................. 2,128,559 2,624,555 Investment securities......................................................................... 344,177 309,395 Loans, net of unearned income................................................................. 8,715,900 7,186,922 Stockholder's equity.......................................................................... $ 1,125,418 1,202,990