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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...
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.
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...
Aug 27, 2015 · The former CEO and chairman of Bank of America (NYSE: BAC) retired from the country’s largest bank 14 years ago, but he hasn’t exactly been taking it easy. He’s worked on six...
Hugh L. McColl Jr. (born 18 June 1935) is a fourth-generation banker who was the CEO of NationsBank and the former Chairman and the first CEO of Bank of America.
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.
