Cousins' ties to Atlanta Jun 14, 2009
Late 1980s: Builds 191 Peachtree Tower in partnership with Gerald Hines, Dutch Institutional Holdings and NationsBank Plaza. 1992: Returns to retail development with the acquisition of Atlanta-based developer, New Market. (Atlanta Journal-Constitution -- Business)
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)
Integrity Bank Announces New Officers Mar 4, 2008
He served as Director for Bank Supervision of the Southeast Region for the OCC, and later spent 15 years in senior management positions with C&S National Bank, NationsBank and Bank of America. Most recently, he served as Chairman, President and Chief Executive Officer of Community Bancshares, Inc. in Blountsville, Alabama, a $650 million bank that he was hired to help turn around following financial problems created by certain members of the bank's prior management team. (Primezone Releases)
Cardtronics Announces Two New Directors Jan 29, 2008
Mr. Arnoult also has significant experience in mergers and acquisitions, having been directly involved in significant transactions such as the mergers of NationsBank and Bank America in 1998 and Bank of America and FleetBoston in 2004. Mr. Arnoult has served on a variety of boards throughout his career, including the board of Visa USA.. (Primezone Releases)
H5 Names Former Bank of America General Counsel to its Advisory Board Jan 23, 2008
NCNB, then NationsBank and now Bank of America, is widely credited with helping to dismantle geographic restrictions on banking. As the bank s general counsel, Mr. Polking was instrumental in enabling its first out-of-state acquisition, which not only triggered 70 additional acquisitions for the bank in the following 20 years, but had significant impact on the financial services industry, leading to the modern day consolidated banking system. (Yahoo News -- Press Releases)
Wells Fargo Century's Pizzo to Retire Jan 17, 2008
After three years at Bankers Trust Corporation, Giannetta began a 14-year tenure in 1987 at Security Pacific Corporation -- a business which would pass to Can, then NationsBank Commercial Corporation, then to Bank of America Commercial Corporation. He is a member of the National Association of Credit Managers and the Commercial Finance Association. (PR Newswire)
Wall Street's Latest $35 Billion Writedown Puts Squeeze on Profits in 2008 Jan 15, 2008
Earnings per share would be 23 cents, the lowest since the Charlotte, North Carolina-based company was formed from the 1998 merger of BankAmerica and NationsBank, according to analysts' estimates. Citigroup was put together the same year through the combination of Travelers Group Inc. and Citicorp. (Bloomberg)
WhittmanHart Consulting names Sullivan CEO Dec 13, 2007
He has previously worked as a managing director for BearingPoint in charge of its risk, finance and compliance solutions units, and as a consultant at Ernst , NationsBank and United Technologies. Mr. Sullivan will commute to Chicago from his Atlanta home. (Crain's Chicago Business)
Enron colleagues: Ethics icon's whistle-blowing claims untrue Oct 13, 2007
One of her tasks that year, she writes in her book, was to summarize a deal struck by the company in December 1997 through which Enron would receive an indirect loan for $229 million from NationsBank, which has since merged with Bank of America. To pay back the loan, Enron and its subsidiaries promised to assign 80 billion cubic feet of natural gas from its Bammel storage field in Texas to a trust representing the bank, for net proceeds of $232 million. (USA Today -- Money)
Former Bank of Americ exec leads Sprint Nextel Oct 10, 2007
Former BofA Chief Executive Hugh McColl Jr. called him the father of the $66 billion merger of NationsBank Corp. and BankAmerica Corp. that created the BofA.. Bank of America is Greater Baltimore's largest bank. (Baltimore Business Journal, MD)
Former BofA exec leads Sprint Nextel Oct 10, 2007
Former BofA Chief Executive Hugh McColl Jr. called him the father of the $66 billion merger of NationsBank Corp. and BankAmerica Corp. that created the BofA.. While at BofA, Hance oversaw the corporate and investment bank, principal investing, treasury management services, and technology and operations. (Charlotte Business Journal, NC)
Rescuing the Rock Oct 7, 2007
At 31 he became one of Goldman s youngest-ever partners and advised on a string of giant financial-serv-ices deals, including Bank of America s $46 billion tie-up with NationsBank. His success has built him an estimated $1. (Times Online)
Westwind forges a merger with Weisel Oct 1, 2007
2-billion in 1997 to NationsBank, now part of Bank of America. And true to form, they chose cycling names for their respective merger teams: Westwind called its 7-11, while Weisel named its initiative Postal. (Globe and Mail -- Business)
Community Says: Federal Reserve Failing the Public by Failing to Hold Hearing on BofA and LaSalle Merger Sep 14, 2007
In the past, the Federal Reserve has held hearings on the mergers of JP Morgan Chase and Bank One, Bank of America and Fleet Boston, Fleet Financial and BankBoston, First Chicago and Banc One, and Bank of America and NationsBank. In every one of those mergers, the new combined entity represented the largest financial institution in at least one of the combined entity's local markets. (PR Newswire)
Column: Leonard Archer, CNB were synonymous with Charleston for years Sep 8, 2007
It later became NationsBank and now is Bank of America. But the old building at the corner of Sixth and Monroe also no longer exists. (Mattoon Journal-Gazette, IL)
BofA takes Countrywide stake Aug 23, 2007
"Analyst Nancy Bush of NAB Research called the move an "opportunistic investment" that would please regulators worried about the mortgage market. But she speculated that it could turn into an outright purchase.The deal reminded her of Bank of America predecessor NationsBank Corp.'s investment in Baltimore-based MNC Financial Inc. in 1992. Under that deal, NationsBank put $200 million into MNC, which was struggling with bad real estate loans.Less than a year later, it exercised an option to buy... (Charlotte Observer)
East Coast banks expand reach Aug 23, 2007
San Francisco-based Bank of America was acquired by NationsBank, also of Charlotte, in 1998. Citibank burst onto the California scene in 2002 with the acquisition of Cal Fed and its locations in Sun City, Temecula and Vista. (North County Times)
BofA strengthens focus on California market Aug 20, 2007
It's the first time the position has been based in San Francisco since the 1998 merger between San Francisco-based BankAmerica and NationsBank of Charlotte, N.C., which took the bank's name and headquarters back East. The top brass in Charlotte may be puzzled by the perception among some that California's largest bank is ignoring the Bay Area, given the bank's dominant market share, large employee base and strong philanthropic activity in the region. (San Francisco Business Times, CA)
Retail banking giant will remake private bank Jun 18, 2007
Over the last decade, Bank of America has been very successful in smoothly melding a lot of disparate operations, notably the mammoth acquisition in 1998 in which NationsBank bought Bank of America and adopted its name, and more recently, the absorption of the regional banking giant FleetBoston and of the credit card behemoth MBNA. So far, though, the merger of its services with those of U.S. Trust has been turbulent. In trying to capitalize on the boom in global wealth, the new division of Bank... (International Herald Tribune -- Business Asia)
Minority kids learn good money habits Jun 5, 2007
Working with NationsBank, which later became Bank of America, Good Choices set up banking branches in eight local churches and had children in the program run them as tellers and bank executives. The church-based banks initially taught saving and investing, financial planning, credit and budget management and wealth-building. (Atlanta Journal-Constitution -- Metro)
Wachovia's growth focused on California following Golden West acquisition May 5, 2007
Bank of America, created in large part by a series of mergers, was born when NationsBank acquired then San Francisco-based BankAmerica Corp. in 1998. As of June 2006, Bank of America has nearly 1,000 branches and roughly 21 percent of California customers' deposits. (North County Times)
Hugh M. Chapman, bank exec, dies at 74 May 2, 2007
He served as president of Citizens ern Corp. and later as chairman of NationsBank South from 1992 to 1997, when he retired from the bank ... Payne and Chapman also worked together for a short time at NationsBank, and then they both became deeply involved with the East Lake Foundation, which Chapman chaired, and Augusta National Golf Club, where Payne now serves as chairman. (Atlanta Journal-Constitution)
Bourne & Co. sells M&A formula Apr 15, 2007
"It's a system whose time has come because these banks are losing customers to NationsBank and other big banks that are offering these services," Bourne says. Pages: 1. (Charlotte Business Journal, NC)
Investing: Merger mania as a malady Apr 14, 2007
Mergers that work best often involve two similar businesses that try to achieve economies of scale and added commercial clout, like Exxon and Mobil, Nationsbank and Bank of America and Procter & Gamble and Gillette. Another common rationale is to create more profit opportunities by merging companies that seem to be two sides of a coin, usually a business that sells one type of content and a second that distributes it. (International Herald Tribune -- Money Report)
U.S. Trust CEO to step down amid culture clash with BofA Apr 5, 2007
The culture clash between U.S. Trust and BofA is reminiscent of the rocky merger integration between San Francisco's BankAmerica and Charlotte's NationsBank almost a decade ago. Scaturro apparently chafed at BofA's efforts to integrate U.S. Trust into the larger bank. (San Jose Business Journal, CA)
Seder celebration is a central part of the Passover ritual Mar 28, 2007
He then worked at the NationsBank headquarters in Miami as a pastry chef and in their garde-manger (the pantry), where cold food is prepared. When he moved to Jacksonville, he established Adam's Garden of Eatin. (Florida Times-Union)
Wells Fargo CEO banks on success as a one-stop shop Mar 26, 2007
" Laying off the layoffs Kovacevich's system took root at Norwest, even as he grew the bank through numerous acquisitions of other banks in the region. In 1993, he was named CEO. In 1998, a year in which some of the biggest mergers in the history of U.S. banking took place Citicorp merged with Travelers to form Citigroup, and NationsBank merged with Bank of America Kovacevich made his own move: Norwest merged with Wells Fargo. Investors, including Buffett, didn't like the deal initially. While... (USA Today -- Money)
D.E. Shaw's Second Marriage Mar 14, 2007
But one year later, as Bank of America was finalizing its merger with Charlotte-based NationsBank, everything blew up ... The fund survived, but the bank was forced to take a $372 million write-down, and the episode cost former Bank of America Chief Executive David Coulter his job at the combined Bank of America-NationsBank. (Forbes)
Glass ceiling hangs low in corporate Arizona Mar 4, 2007
She left Bank of America in 1998 when the Southwest headquarters was moved to Dallas after the bank merged with NationsBank of Charlotte, N.C.. "I found corporate opportunities limited, so I decided to get involved with private equity and do something completely different," she said. (AZCentral -- News)
$1 million gift to help MLK archive Feb 16, 2007
Bank of America and its predecessor companies (Citizens ern National Bank and NationsBank) also donated two key buildings to Georgia State. Lewis said Thursday that corporate philanthropy is enlightened self-interest for companies, including his. (Atlanta Journal-Constitution)
Citigroup becoming Citi Feb 14, 2007
Bank of America is the straightforward successor name to NationsBank. JPMorgan Chase combines the names of financier J. Pierpont Morgan with Salmon Chase, a treasury secretary under Abraham Lincoln. (USA Today -- Money)
STRICTLY COMMERCIAL Jan 23, 2007
Banc of America Securities was formed after the $64 billion merger between BankAmerica and NationsBank in 1998. Part of the deal was the acquisition of Montgomery Securities by NationsBank in 1997. (San Francisco Chronicle -- Business)
A Native Son Jan 10, 2007
There's an item called the NationsBank Orioles Batting Helmet Bank, and there's the highly prized Mid-Atlantic Milk Marketing Cal Ripken Growth Poster. They are all a stylistic match for the graphics on the scoreboard that tell you when to clap or the shlub whose bodily fluids are draining into his fake-fur Bird Suit while he dances on the dugouts for reasons known only to him. (SportsIllustrated.CNN -- MLB)
Jenkens & Gilchrist Appoints New Chairman, Closes Two Offices Jan 5, 2007
Mitchell says the D.C. office opened in the early 1990s initially to do loan workouts for NationsBank Corp. (now Bank of America), but dwindled to fewer than 10 lawyers over the past four or five years. "It had grown to an unmanageable small size for purposes of continuing it as a full-fledged office," Mitchell says, noting that the lease is also up in 2007. (Law.com)
Sink Pledges To Keep Politics Out Of Finances Jan 3, 2007
" On that score, Sink may have an ally in Republican Gov. Charlie Crist, whom she complimented for disavowing partisan bickering in his inauguration address. Crist gave her the public nod by promising at the inauguration to work with her to solve the state's property insurance crisis. But depoliticizing has its limits. Sink's declared priority to scrutinize and investigate state outsourcing "smacks a bit of partisanship," given the emphasis that former Gov. Jeb Bush and other Republicans have... (Tampa Bay Online, FL -- News)
