BofA could extend CEO search into 2010 Nov 24, 2009
The growing list of outsiders deflecting the bank s overtures includes (NYSE: C) director Michael O Neill, a familiar face in Bay Area finance circles given his years as chief financial officer at San Francisco-based BankAmerica, which merged in 1998 with NationsBank to become Charlotte, N.C.-based Bank of America. O Neill s decision to pass up an opportunity to lead BofA is telling. (San Jose Business Journal, CA)
Bank of America Ex-Lead Director Sloan Says Insider Should Succeed Lewis Nov 11, 2009
Moynihan joined Bank of America through its 2004 purchase of FleetBoston Financial Corp., while Desoer worked for BankAmerica Corp. when it was bought by NationsBank Corp. in 1998. I get tired of hearing we didnt have a succession plan, said Sloan, chairman of Raleigh, North Carolina-based. (Bloomberg -- US)
Bank Of America's Ken Lewis To Get No '09 Salary, Bonus Oct 17, 2009
Lewis was first hired as a credit analyst in 1969 at North Carolina National Bank, in Charlotte That bank was a predecessor of NationsBank and later Bank of America. He moved through various positions until he was named CEO of Bank of America in April 2001 and also served as chairman until angry shareholders removed him from that post earlier this year. (W-USA News, DC)
GOP uses ACORN to fight bank redlining law Oct 14, 2009
The group acknowledged in the 1998 testimony that it was unusual for it do so, but said one of the banks involved, NationsBank, was a leader in community reinvestment, and that its partnership with ACORN Housing Corp. had produced at least $236 million in mortgages. A decade ago, then-Sen. (Yahoo News -- Politics)
BofA's CEO short list includes Curl Oct 10, 2009
He stayed with NationsBank through its merger with Bank of America, and began reporting directly to Lewis in 2006. An outside executive that has been considered by the board is Greg Fleming, former president and chief operating officer of Merrill Lynch and now a senior research scholar and lecturer at Yale Law School, the newspaper said. (St. Louis Business Journal, MO)
BofA's Kenneth Lewis to retire by the end of year Oct 1, 2009
Lewis joined North Carolina National Bank (predecessor to NationsBank and BofA) in 1969 as a credit analyst in Charlotte. Through aggressive acquisitions, Lewis expanded the bank in the northeast and midwest U.S. banking markets. (Charlotte Business Journal, NC)
Biographical Details on Bank of America's Lewis Oct 1, 2009
CAREER Joined North Carolina National Bank, a predecessor to NationsBank and later and Bank of America, in 1969 as a credit analyst in Charlotte, North Carolina. After holding various roles in the company, Lewis was named CEO of Bank of America in April 2001. (ABC News -- Wire)
Lewis' choice Sep 23, 2009
The 1998 merger of Bank of America with Nationsbank of Charlotte, North Carolina, (what many say was the corporate takeover of Bank of America by Nationsbank) re-affirmed Bank of America's dominant role in the consumer market, and with the appointment of Lewis as CEO in 2001, the way was cleared for acquisitions of even greater ambition and scale. In 2004, the bank purchased FleetBoston Financial; this bank was created by the 1999 merger of Fleet Bank of Rhode Island and Bank of Boston. (Asia Times Online)
BofA's Milton Jones retiring Sep 17, 2009
C&S was ultimately one of the key banks that became NationsBank and eventually Bank of America. Jones is a native Atlanta with deep roots in the Big Peach. (Atlanta Business Chronicle, GA)
Bank of America CEO Scrum Begins as Lewis Revamps Management, Settles Case Aug 4, 2009
Desoer, 56, moved to California last year to lead the mortgage unit after the July 2008 purchase of Countrywide Financial Corp. She was with Californias BankAmerica Corp. before its 1998 acquisition by NationsBank Corp.. Fears that an internal succession battle will cause rifts within the bank underestimate Lewiss leadership skills, said , president of Carroll Financial Associates Inc. in Charlotte, which manages more than $1 billion. (Bloomberg -- US)
Duke Energy a growing local power again May 27, 2009
NationsBank Corp. and First Union Corp. built themselves into national titans and Duke turned its attention to a 1997 merger with Houston-based PanEnergy Corp., deregulation and energy trading. It eventually foundered in a post-Enron era that reduced the national prominence of the power industry. (Charlotte Business Journal, NC)
BofA turns to ex-Morehouse president May 2, 2009
Lewis, son of an Army sergeant, did two tours in Atlanta, first at Georgia State University and then at NationsBank, which acquired B of A and took its name ... In Atlanta, Cme part of NationsBank and Lewis was a 45-year-old Porsche-driving, $800,000-a-year executive in charge of its largest division ... NationsBank pledged $40 million for the city s Olympics campaign. (Atlanta Journal-Constitution)
Bank of America CEO loses chairman seat May 1, 2009
He is president emeritus of Morehouse College in Atlanta and a director at McDonald s Corp. Massey is also a former director at BankAmerica Corp., the San Francisco bank acquired in 1998 by Charlotte-based NationsBank Corp., predecessor to BofA.. Lewis will remain as the company s president and chief executive, after the board unanimously backed him Wednesday afternoon. (Nashville Business Journal, TN)
A look at Walter Massey, new chairman at Bank of America May 1, 2009
(Charlotte-based NationsBank Corp. acquired the San Francisco bank in 1998, naming the merged company Bank of America. Massey and also is a director at McDonald s Corp. and a former director of Delta Air Lines Inc., Motorola Inc. and BP plc. (Charlotte Business Journal, NC)
You may love Canada's banks now, but ... Apr 30, 2009
That was a decade ago when Citigroup swallowed Travelers and Bank of America merged with NationsBank. Royal Bank of Canada thought it could piggyback on the consolidation trend to merge with Bank of Montreal and TD tried to link up with CIBC.. (Globe and Mail -- Business)
Houston investors set for BofA showdown Apr 29, 2009
In an interesting twist of fate, one of the banks founded in Houston by Jerry Finger, Charter Bank, merged with NationsBank Corp. in 1996. It ended up as part of BofA in 1998, when Charlotte-based NationsBank acquired BankAmerica Corp. of San Francisco. (Charlotte Business Journal, NC)
Citigroup puts up 4 nominees for board seats Mar 17, 2009
Grundhofer, 64, is a former chief executive and director at Ex-US Marine O'Neill, 62, headed Bank of Hawaii Corp. and helped oversee merger with NationsBank Corp. Thompson, 63, retired last year as co-head of Pacific Investment Management Co., the biggest bond-fund manager. Santomero, 62, is a former president of the Federal Reserve Bank of Philadelphia who was most recently a senior adviser at McKinsey & Co., Citigroup said. (Boston Globe)
BofA CEO Shouldn't Be Chairman, Big Investor Says Mar 14, 2009
Jerry Finger founded Houston commercial bank Charter Bancshares, which merged with NationsBank in 1996. NationsBank later acquired BankAmerica Corp to become Bank of America in 1998. (ABC News -- Wire)
Charlotte in same jam as Wall Street Feb 16, 2009
Banker Hugh McColl Jr. led NationsBank Corp. through some 70 acquisitions starting in the early 1980s. His biggest coup was San Francisco-based BankAmerica Corp., a financial institution bigger than NationsBank. (Globe and Mail -- Business)
Bank of America to receive additional $20 billion Feb 12, 2009
Lewis had earned a reputation for taking big bets that helped transform NationsBank, a small lender, into a consumer powerhouse with bicoastal branches and was often accused of overpaying. It snapped up Bank of America and took on its name, then followed with flashy deals for FleetBoston Financial in 2003 and then the credit card giant MBNA in 2006. (International Herald Tribune)
