First Union Corporation was incorporated in 1967. In February 1968, Cameron-Brown Co., a $10 billion mortgage banker created in 1955 from the merger of Fidelity Bond & Mortgage Co. (started in 1946 in Raleigh) and Brown-Hamel Mortgage Co. of Greensboro, changed its name to First Union Mortgage Corp. to match its parent company. As part of a corporate reorganization in 1968, a predecessor of First Union National Bank and First Union Mortgage Corporation, the mortgage banking firm acquired in 1964 became subsidiaries of First Union Corp creating the structure the bank utilized until the 2001 merger.