Hugh McColl | |
|---|---|
 McColl in 2009 | |
| Born | June 18, 1935 |
| Alma mater | University of North Carolina at Chapel Hill (BSBA) |
| Known for | Former Chairman, CEO Bank of America |
| Spouse | Jane Bratton Spratt McColl |
| Website | http://www.falfurriascapital.com |
Hugh L. McColl Jr. (born 18 June 1935) is a former business executive who was the CEO of NationsBank[1] and the former Chairman and the first CEO of Bank of America. Active in banking since around 1960, McColl was a driving force behind consolidating a series of progressively larger, mostly Southern banks, thrifts and financial institutions into a super-regional banking force, "the first ocean-to-ocean bank in the nation's history".[2]
Tony Plath, director of banking studies at the University of North Carolina at Charlotte, described this transformation in 2005 as "the most significant banking story of the late 20th century."[3] In 2012, journalist Matt Taibbi described the transition as "a cartoonish arms race of bank acquisitions that would ultimately turn the American business world upside down".[4] As a young man, McColl along with a colleague [3] had envisioned creating the first truly national bank with branches from coast to coast.[3]
- ^ "Hugh L. McColl, Jr. - Leadership - Harvard Business School". www.hbs.edu. Retrieved 2024-05-26.
- ^ Ross Yockey (1 December 1999). "Hugh McColl: Seasoned Banker". Allbusiness.com.
- ^ a b c Craig Whitlock and Irwin Speizer (17 December 2005). "1997: Hugh McColl, Tarheel of the Year". Charlotte News and Observer. Archived from the original on 7 October 2008. Retrieved 8 September 2009.
- ^ Cite error: The named reference
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