April 9, 1960: American Commercial Bank merges with Security National Bank of Greensboro becoming North Carolina National Bank (NCNB). It is the state's second largest bank behind Wachovia. July 1968: NCNB Corporation, NCNB’s holding company, is created. February 22, 1982: McColl and CD Spangler negotiate a deal where CD Spangler sells $425 million bank of his bank, Bank of North Carolina, to NCNB. End of 1990: With NCNB losses up and NCNB earnings down, CD Spangler buys $100 million worth of NCNB stock, making him the largest single shareholder in the company. July 1991: NCNB and C&S/Sovran merge successfully in a deal worth more than $4.5 billion. The new entity is called NationsBank.
| Org | Common People |
|---|---|
| Bank of America Corporation | Hugh L McColl Jr |
| Bank of America, National Association | Hugh L McColl Jr |
| The McColl Group, LLC | Hugh L McColl Jr |
| Types | Organization, Business |
| Start date | 1960 |
| End date | July 1991 |