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He also founded the Bank of Marlboro, later headed by his son Hugh L. McColl, (1874–1931), followed by his grandson Hugh Leon McColl. McColl's father liquidated the Bank of Marlboro in 1939 during the Great Depression. He later bought a controlling interest in Marlboro Trust Co.
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.
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...
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.
Dec 5, 2020 · No one is more pleased with Corbett’s success than his newest best friend and business advisor, Hugh L. McColl Jr. Corbett still couldn’t believe that McColl, the retired chairman of Bank of America and a financial titan, was taking him and his business seriously.
Aug 24, 2023 · Hugh McColl has done more in retirement than most folks do in a typical career. That’s saying something, considering he finished his career as CEO of Bank of America. The 88-year-old McColl has founded six companies, by his best count, since retiring 22 years ago.
Feb 28, 2020 · NPR's Steve Inskeep talks to Hugh McColl, ex-Bank of America CEO, about why he favors Mike Bloomberg for president, and where his vote will go if Bernie Sanders clinches the Democratic nomination.
