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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...
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.
Feb 21, 2022 · McColl, who moved to Charlotte in 1960, has been a longtime advocate for the University. His involvement spans decades, serving on University boards, steering fundraising campaigns, underwriting campus initiatives and helping bring Charlotte 49er football to life.
Oct 23, 2017 · The Man Who Built Charlotte. Hugh McColl — always brash, bold, and thinking big — reshaped the banking industry in the United States, and turned a medium-size city into a metropolis. And he’s not done yet. by Jeremy Markovich. 1981: Charlotte’s banking boom begins.
Nov 20, 2023 · ugh McColl began as a small-town banker in the early 1960s and — long story short — created Bank of America, headquartered in Charlotte. More than anyone else, McColl, today the co-founder and chairman emeritus of Falfurrias Capital Partners, is why Charlotte is the banking capital of the South.
