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North Carolina National Bank

 

North Carolina National Bank

North Carolina National Bank (NCNB) was a bank based in Charlotte, North Carolina, prior to 1960 called American Commercial Bank. It was one of the top banking institutions. From 1974 to 1983, the bank was run by Chairman and Chief Executive Officer Tom Storrs.[1] What was NCNB forms the core of today's Bank of America.

History

In 1957 American Trust Co.[2][3] and Commercial National Bank merged to form American Commercial Bank in Charlotte, North Carolina. In 1960 American Commercial Bank changed its name to North Carolina National Bank.

In 1991 North Carolina National Bank acquired C&S/Sovran Corp. and took the new name, NationsBank.

In 1998 NationsBank acquired BankAmerica Corp. and took the name Bank of America which now operates in all 50 states. The transaction was run by Hugh McColl. [4][5]

The former North Carolina National Bank Building at Burlington, North Carolina was added to the National Register of Historic Places in 1984.[6]

References

  1. ^ http://www.reuters.com/article/2012/02/12/bankofamerica-storrs-idUSL2E8DC1IS20120212
  2. ^ The American Trust Company was a bank established in Charlotte in 1901.
  3. ^ Estate of J. Luther Snyder, George C. Snyder and American Trust Company, Executors Appellants, v. United States of America, Appellee., 285 F.2d 857 (4th Cir. 1961)
  4. ^ Martin, Mitchell (14 April 1998). "Nations Bank Drives $62 Billion Merger : A New BankAmerica:Biggest of U.S. Banks". New York Times. Retrieved 4 September 2015. 
  5. ^ Benoit, David (10 June 2013). "BofA Legend Hugh McColl Sells Boutique Firm to Deloitte". Wall Street Journal Blogs. Retrieved 4 September 2015. 
  6. ^ "National Register Information System". National Register of Historic Places.  
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