CHARLOTTE, N.C. - Frank Dunn Jr., chairman and chief executive of First Union National Bank of North Carolina, said he will retire, effective March 31, and be replaced by Malcolm Everett 3d.

A company spokesman said First Union is unsure whether Mr. Everett will eventually be replaced as president.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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