More regional banks released strong third-quarter earnings reports Wednesday, allaying investor fears that global economic woes would reach far into the industry.

In the Southeast, First Union Corp. of Charlotte, N.C., said earnings jumped 33% in the period, to $995 million, thanks to a domestic focus and diversified business mix. Wachovia Corp. of Winston-Salem, N.C., told a similar story, logging a 14.3% gain, to $227.4 million.

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