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Oct 23, 2017 · The Man Who Built Charlotte. Hugh McColl — always brash, bold, and thinking big — reshaped the banking industry in the United States, and turned a medium-size city into a metropolis. And he’s not done yet. by Jeremy Markovich. 1981: Charlotte’s banking boom begins.
Aug 5, 2017 · Hugh McColl: When I started in 1959, the average bank made between 8% and 10% return on equity. That was because banks were conservatively capitalized with about $10 of capital for every $100 of ...
Dec 25, 2017 · Hugh McColl’s Last Great Investment. The ex-Bank of America chief is dedicated to improving the plight of black people in his hometown. He started by helping a young black protester reach the...
Aug 5, 2017 · Current Price. $37.66. Price as of April 22, 2024, 1:43 p.m. ET. McColl is a legend in the bank industry. Here’s what the 82-year-old former bank executive thinks about it today. You can count ...
Hugh L. McColl Jr. (born 18 June 1935) is a fourth-generation banker 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 ...
Aug 31, 2017 · If you were to make a list of the most influential bankers in the United States, few would surpass Hugh McColl, the former CEO of Bank of America (BAC-1.07%). It wasn't just that McColl was ...
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.
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