First Union Corp. is mulling the future of 170 bank branches in the Middle Atlantic states after its recent acquisition of Philadelphia-based CoreStates Financial Corp.

By the end of May the Charlotte, N.C., banking company hopes to have a consolidation plan that would close enough branches to eliminate overlap in its retail network, said First Union spokeswoman Laurel O'Brien.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.