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Hugh L. McColl Jr. (born 18 June 1935) is a fourth-generation banker [1] who was the CEO of NationsBank [2] 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 ...
By BusinessNC. 12/01/2020. Retired from Bank of America since 2001, Hugh McColl Jr., 85, has enjoyed great success with his McColl Partners and Falfurrias Capital investment firms, while serving as a leading philanthropist and Charlotte’s elder statesman.
Hugh L. McColl Jr. is co-founder and chairman emeritus of Falfurrias Group. Previously, he served as chairman and CEO of Bank of America. During his tenure with the bank, it grew 50-fold, expanding its offerings of financial products and services across the United States to become an industry leader in retail, commercial, corporate and ...
Apr 13, 2021 · Published April 13, 2021 at 9:00 AM EDT. Listen • 49:22. It’s been two decades since Hugh McColl stepped down as chairman and CEO of Bank of America. But the next chapter of McColl’s life...
Hugh L. McColl, Jr. NationsBank / Bank of America. 1983–2001. Industry: Finance. Era: 1980. McColl joined the precursor to NationsBank in 1959 and quickly progressed through the company. As CEO, he built NationsBank into the third largest bank in the country by 1995. He did so through the accumulation of close to 50 acquisitions.
Hugh Leon McColl, Jr., was born June 18, 1935, in Bennettsville, the son of Hugh L. and Frances Pratt Carroll McColl. While his father turned from banking to agricultural pursuits during the Depression, banking, as it turned out, was a family tradition.
Jan 25, 2023 · Hugh McColl Jr., who helped transform Bank of America into a financial giant before retiring in 2001, became a founding investor in the fintech after a business partner drew his attention to the Charlotte, North Carolina-based firm’s mission.
