State of the Union (European Union) foresees that the President of the European Commission sends a letter of intent to the President of the European Parliament and the Presidency of the Council of the European Union that sets out in detail the actions the European Commission intends to take by means of legislation and other initiatives until the end of the following year. The address is then followed by a general debate on political situation of the Union, the so-called State of the Union debate. The first State of the Union speech of the European Union was pronounced on 7 September 2010 by President José Manuel
First Union New Jersey to expand into the Northeast. In April 1998, First Union acquired CoreStates Financial Corporation, headquartered in Philadelphia. At the time, this was the largest merger in US banking history. CoreStates traced its history to 1781 and the Bank of North America, the first bank chartered in the United States. Once the merger finalized, First Union claimed 1781 as its founding date. It continued to operate The Bank of North America's first branch at Sixth and Chestnut in Philadelphia which opened in 1782. It is now the longest continuously operated branch in America and through subsequent mergers is now