A plan by First Union Corp. to commit $2 billion by 2001 to community reinvestment in Virginia, Maryland, and the District of Columbia has not satisfied local community groups critical of the company's deal for Signet Banking Corp.

For several weeks First Union has been trying to convince merger opponents and regulators that it will not abandon low- and moderate-income areas after its merger with Richmond, Va.-based Signet closes at yearend.

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