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McColl was born in Bennettsville, South Carolina, to Hugh Leon McColl (1905–1994), a cotton farmer and banker and Frances Pratt Carroll McColl (1906–1987), an artist. He is of Scottish Presbyterian descent [7] and had a sister and two brothers.
Apr 13, 2021 · Hugh McColl is often credited as being responsible for the creation of modern-day Charlotte and one of the biggest banks in the country, Bank of America. He'll be here as a new book about his...
Aug 5, 2017 · Hugh McColl: When I started in 1959, the average bank made between 8% and 10% return on equity. That was because banks were conservatively capitalized with about $10 of capital for every $100...
Dec 3, 2020 · Retired from Bank of America since 2001, Hugh McColl Jr., 85, has enjoyed great success with his investment firms, as a philanthropist and Charlotte’s elder statesman.
Industry: Finance. 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.
Mar 27, 2023 · The Holding family’s expansion in banking is reminiscent of the rise of another “super” regional bank out of North Carolina, NCNB, under the leadership of Hugh McColl Jr., a former marine ...
Dec 25, 2017 · Hugh McColl’s Last Great Investment. The ex-Bank of America chief is dedicated to improving the plight of black people in his hometown. He started by helping a young black protester reach the...
