NationsBank was one of the largest banking corporations in the United States, based in Charlotte, North Carolina. In 1998, it acquired BankAmerica to become Bank of America.
Commercial National Bank (CNB), the earliest forerunner of NationsBank, was formed in 1874.
In 1957, Commercial National merged with its longtime rival in Charlotte, American Trust Co., forming American Commercial Bank. American Commercial changed its name to North Carolina N...
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NationsBank was one of the largest banking corporations in the United States, based in Charlotte, North Carolina. In 1998, it acquired BankAmerica to become Bank of America.
Commercial National Bank (CNB), the earliest forerunner of NationsBank, was formed in 1874.
In 1957, Commercial National merged with its longtime rival in Charlotte, American Trust Co., forming American Commercial Bank. American Commercial changed its name to North Carolina National Bank (NCNB) in 1960 after acquiring Greensboro-based Security National Bank. In the early 70s, it reorganized as the leading subsidiary of NCNB Corporation.
NCNB expanded beyond North Carolina for the first time in 1982, when it purchased Lake City, Florida-based First National Bank of Lake City, its first interstate expansion. Hugh McColl became CEO of NCNB the following year.
In 1988, NCNB's assets grew to $60 billion after it bought the failed First RepublicBank Corporation of Dallas, Texas from the FDIC. First RepublicBank...
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