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Although NationsBank was the nominal survivor, the merged bank took the better-known Bank of America name, and operates under Bank of America's charter. However, to this day it is headquartered in Charlotte at what is now Bank of America Corporate Center, and retains NCNB/NationsBank's pre-1998 stock price history.
The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan. The bank was founded by the merger of NationsBank and Bank of America in 1998. It is the second ...
Hugh McColl. Hugh L. McColl Jr. (born 18 June 1935) is a fourth-generation banker [1] who was the CEO of NationsBank [2] and the former Chairman and the first 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 ...
Bank of America merged with NationsBank of Charlotte, North Carolina, in 1998. While NationsBank was the nominal survivor, the merged bank took the Bank of America name and operates under the original charter for Bank of Italy.
Barnett Bank. Barnett Bank was an American bank based in Florida. Founded in 1877, it eventually became the largest commercial bank in Florida with over 600 offices and $41.2 billion in deposits. Barnett was purchased by NationsBank in 1997.
Boatmen's Bancshares Inc. was one of the 30 largest bank holding companies in the United States when it was acquired by NationsBank in 1996. Until its acquisition, Boatmen's traded on NASDAQ with the ticker BOAT.
Since its completion, the Bank of America Corporate Center has been the world headquarters for what is now Bank of America. NationsBank bought BankAmerica Corporation in 1998, changed its name to Bank of America and sold BankAmerica's headquarters at 555 California Street, then the Bank of America Center, in San Francisco.
In 1993, NationsBank (formerly NCNB, and originally North Carolina National Bank) bought MNC Financial (whose credit card division was spun off years earlier to become MBNA). Five years later, the Bank of America that exists today was the result of the merger between the San Francisco-based Bank of America and the Charlotte-based NationsBank.