First Union Corp. and Thomas J. Maher & Co., a commercial mortgage banking firm, have formed a partnership to serve First Union customers in Pennsylvania, New Jersey, Delaware, and Maryland.

The new venture, called First Union/Maher Partners, will offer customers commercial mortgage and capital markets real estate services through its relationships with insurance companies and pension funds.

Pennsylvania-based Maher & Co. currently manages more than $500 million of commercial mortgages for its clients, including America General Realty Advisors, Berkshire Life Insurance Co., and Nationwide Insurance Enterprise.

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