Hugh McColl
American banker, former CEO of Bank of America / From Wikipedia, the free encyclopedia
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Hugh L. McColl Jr. (born 18 June 1935) is a fourth-generation banker[1] and the former Chairman and 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]
Hugh McColl | |
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Born | (1935-06-18) June 18, 1935 (age 88) |
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 |
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]