Hugh McColl, Date of Birth, Place of Birth

    

Hugh McColl

American businessman

Date of Birth: 18-Jun-1935

Place of Birth: Bennettsville, South Carolina, United States

Profession: banker

Nationality: United States

Zodiac Sign: Gemini


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About Hugh McColl

  • Hugh L.
  • McColl Jr.
  • (born 18 June 1935) is a fourth-generation banker and the former Chairman and CEO of Bank of America.
  • Active in banking since around 1960, McColl was a driving force behind consolidating a series of progressively larger, mostly Southern banks, thrifts and financial institutions into a super-regional banking force, "the first ocean-to-ocean bank in the nation's history."Tony Plath, director of banking studies at the University of North Carolina at Charlotte, described this transformation in 2005 as "the most significant banking story of the late 20th century." In 2012, journalist Matt Taibbi described the transition as "a cartoonish arms race of bank acquisitions that would ultimately turn the American business world upside down."As a young man, McColl along with a colleague had envisioned creating the first truly national bank with branches from coast to coast.

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