First Union Corp. has a new man in charge of corporate finance, Charles L. Coltman 3d, the former vice chairman of wholesale banking at CoreStates Financial Corp.

Mr. Coltman, an 18-year veteran of CoreStates, was appointed executive vice president of global corporate banking for the newly emboldened First Union. The Charlotte, N.C.-based banking company completed its merger with Philadelphia-based CoreStates this week.

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