Ex-Freddie Mac official heads First Union effortFirst...

Maryland Watch

April 11, 1996

Ex-Freddie Mac official heads First Union effort

First Union Corp. has named a former Freddie Mac official to head the banking company's community-reinvestment programs in the region.

Roger Williams, 49, will oversee the bank's programs to boost lending to families and businesses in low- and moderate-income areas in Maryland, Washington and Virginia as senior vice president and director of program development.

Mr. Williams, who has a law degree from New York University, previously was a vice president at the Federal Home Loan Mortgage Corp., also known as Freddie Mac. He managed a national portfolio of nonperforming loans and the sale of multifamily real estate.

"First Union already has proven itself to be a major provider of credit for community-redevelopment programs," Mr. Williams said. "I plan to extend the bank's commitment to community-development lending."

First Union said it lent more than $700 million last year to low-income families, minority-owned businesses and nonprofit housing-development programs in low- and moderate-income areas of Virginia, Maryland and Washington.

Pub Date: 4/11/96

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