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- McColl, 65, will leave a bank he built by gobbling up rivals, quadrupling the company’s assets over the last seven years to more than $640 billion with a series of acquisitions that culminated in Charlotte, N.C.-based NationsBank Corp.’s 1998 merger with BankAmerica Corp. of San Francisco. He had originally planned to stay on until 2002.
www.latimes.com/archives/la-xpm-2001-jan-25-fi-16715-story.html
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Strategically, McColl blunted opposition to the bank mergers and acquisitions by pledging in advance billion in loans for low-income neighborhoods, particularly with the creation of NationsBank and Bank of America.
Aug 5, 2017 · McColl retired from Bank of America in 2001, but he continues to loom large in the minds of anyone with a curiosity about how the current bank industry came to be. I reached out to him...
Jan 25, 2001 · Bank of America Corp. confirmed that Chairman and Chief Executive Hugh McColl will retire April 25, stepping down after 20 years as head of the largest U.S. bank rated by deposits.
Apr 2, 2001 · Hugh McColl conquered the U.S. banking industry with unending drive, brilliant strategy and military-style maneuvering.
May 1, 2002 · Having left Bank of America McColl set up an M&A firm to advise banks looking to make acquisitions, saying: "What led me into this business is that I know how buyers think and I know what makes a buyer happy, because I was a buyer and I was usually happy." That, says Brown, is "pure Hugh. Note that the words 'me' or 'I' appear five times.
Dec 25, 2017 · Hugh McColl wielded more influence than any banker in the country during the last quarter of the 20th century, turning a small North Carolina bank into Bank of America, a financial...
In 1998, McColl oversaw the merger of NationsBank and the Bank of America which resulted in the creation of the second largest bank in the United States. McColl presided over the merger of the entities and its further expansion.
