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Hugh L. McColl, Jr.

NationsBank / Bank of America

1983 - 2001

Finance

Military ServiceMarines
1980 b. 1935
male
EducationOneDegree
UndergraduateUniversity of North Carolina
Personal
Born-Died1935
BirthplaceSouth Carolina (SC)
RaceWhite
FatherOwner, Large Business
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. Between 1995 and 1998, the value of NationsBank stock tripled. In 1998, McColl oversaw the merger of NationsBank and the Bank of America which resulted in the creation of the second largest bank in the United States. McColl presided over the merger of the entities and its further expansion.