Barnett Bank

Former type	Banking
Genre	Financial Services
Founder(s)	William Boyd Barnett Bion Barnett
Defunct	1997
Headquarters	Jacksonville, Florida, United States
Number of locations	600+
Area served	all of Florida and parts of Georgia
Services	Financial
Total assets	$41.2 billion
Parent	acquired by NationsBank

The Bank of America Tower, originally the Barnett Center, which served as the headquarters of Barnett Bank until 1997

Barnett Bank, founded in 1877, eventually became the largest commercial bank in Florida with over 600 offices and $41.2 billion in deposits. The purchase by NationsBank was announced August 29, 1997, but even before signs on Barnett's branches were changed, NationsBank merged with BankAmerica in 1998, creating Bank of America.^[1]

History[link]

Foundation[link]

William Boyd Barnett was a merchant and a banker in northeast Kansas when he journeyed with his wife to Jacksonville to visit their oldest son in 1875. Sarah Barnett's health improved during their time in Florida, so the Barnetts returned to Kansas, liquidated their assets, and relocated to Jacksonville in March, 1877. Bion, their youngest son, was a senior at the University of Kansas and withdrew from school to join his parents.^[2]

In the spring of 1877, the United States was in middle of the Depression of 1873-79, and Jacksonville already had three banks. The city's population was under 10,000 and there was no infrastructure to support a beginning tourism industry.

On May 7, 1877, Barnett opened the Bank of Jacksonville (BoJ) on the corner of Main and Forsyth with $43,000 in capital. William was president, Bion acted as bookkeepper, and one other person was hired as teller/clerk. Most Florida banks at the time were private and unregulated. In spite of being a newcomer and a Yankee, Barnett and the new institution slowly gained the people's trust, but at the end of their first year, and deposits only amounted to $11,000. Undeterred, William invited his son, Bion Barnett, to be partner and passed along Barnett's five rules of business:

1. Follow the Golden Rule. You cannot go wrong treating the other man as you would be treated.
2. Give a man 50 cents if you can make a dollar out of him. In other words, be liberal in your dealings but always have a net profit. Do not do business at a loss.
3. If a young man is of good habits - honest, capable, saving, giving close attention to his business and making progress but lacking in capital - help him. The young man of today is the businessman of tomorrow.
4. Never make a promise you cannot and do not fulfill. Investigate carefully before granting a line of credit; once granted, there being no adverse change in your client's financial condition, fulfill your promise. Your word must be as good as your bond.
5. Watch your expense account and your losses; your profits will take care of themselves.

According to Bion Barnett, "I have never found a flaw in it. It is good advice today."^[1]

Fate[link]

A conversation between Bion Barnett and Henry L’Engle changed the bank's fortunes. L'Engle, the Duval County Tax Collector, was annoyed because the bank holding the county's funds charged $6.25 for each transfer to New York City banks. Bion immediately offered to waive the fee if Duval County deposited their funds in the Bank of Jacksonville. L'Engle agreed, and the BoJ began to prosper. Within a year, L'Engle was appointed Treasurer for the State of Florida, and the state's accounts were transferred to BoJ. Within a few years, operating capital exceeded $150,000, and the Barnetts applied for and received a National Charter, pursuant to the National Bank Act. This allowed them to become the National Bank of Jacksonville. The institution's deposits exceeded $1 million in 1893.^[3]

20th Century[link]

The Great Fire of 1901 destroyed most of the city, but the National Bank of Jacksonville was the only bank still standing. William Boyd Barnett died September 2, 1903 and Bion renamed the institution, Barnett Bank, in his father's honor.^[3]

The bank survived various economic downturns and crises, including the Great Depression, ultimately emerging stronger. Its headquarters, built during the Roaring 20s, was for many years the tallest building in Jacksonville. When Barnett died in 1958, at the age of 101, Barnett Bank had come to be known as "Florida's Bank". The bank continued to grow with the acquisition of many more Florida banks over the next two decades.^[4]

However, under Chairman of the Board Hugh Jones,^[5] Barnett Bank was slow to become involved in the rapidly-evolving interstate banking mergers of the 1970s and 80s. Though eventually Barnett did make some purchases of out-of-state banks, starting in Georgia, it did so without growing its own brand recognition. While technically, according to federal statute, one bank cannot own another bank in another state, they can both be owned by the same holding company. Barnett, like other banks, grew across state lines in this way. But unlike other such banks, Barnett did not change the names of its new holdings, keeping the Barnett name exclusively within Florida. Ultimately, this weakened the company's stock, as the perception lingered that Barnett was not a major player in the area of mergers and acquisitions. Despite its slower than average growth, the holding company built a new corporate headquarters building in downtown Jacksonville: announced in 1987 and occupied in 1993, the year Hugh Jones retired.^[5] At 42 stories, the Barnett Center was the highest building in Jacksonville, and the second-tallest in Florida as of 2010.

Demise[link]

For many years, it looked like Barnett would be the only bank of Jacksonville's "Big Three" to ignore the lure of big money from nation-wide banking conglomerates. Atlantic National Bank of Florida was the first to sell out to First Union in 1985/7, followed by Florida National Bank in 1990.^[6] But in 1997, Barnett CEO Charles Rice, who was named Jacksonville's highest paid individual among public companies at $4.5 million (excluding stock options), offered the company up for sale,^[7] just six weeks after a month spent at a drug rehabilitation facility for treatment of alcoholism.^[8] Charlotte-based NationsBank made the highest offer, and the deal was done. Rice, who had publicly stated more than a decade earlier that he would never sell Bion Barnett's bank to any of its competitors, became board chairman of NationsBank. However, less than a year later, NationsBank merged into Bank of America, and Rice himself was forced out as chairman, becoming vice chairman of corporate development.^[9] At the time of Barnett's demise, the company had an annual payroll of a quarter billion dollars spread among 6,800 employees.^[10] More than a few of those who lost their jobs found the situation ironic. Rice's payout in the Barnett merger was $17.9 million; however, he did not live long enough to enjoy his booty. After retiring in early 2001,^[9] Rice died in a swimming pool accident in December of 2008.^[1]

Volunteering[link]

In the 1980s, CEO Hugh Jones began a corporate-wide program of giving back to their communities. All the bank's employees, which numbered 1,000, were encouraged to donate time to the charitable cause of their choosing. The Community Involvement Initiative resulted in over 40,000 hours of assistance to worthy projects where they lived.^[11]

As of 2010, the reinforced concrete Barnett Center (now, the Bank of America Tower) remains the tallest building in Jacksonville.

Fight over the name[link]

In late 2000 financier Reid Mack secured the Florida corporate names to three former Barnett Bank entities; Barnett Mortgage Company, Barnett Lending Services, and Barnett Credit Services. Bank of America fought over the intellectual property rights to the names, and over the subsequent years Mr. Mack abandoned the possible use to the names.^[12][13]

Historic preservation[link]

The Barnett Historic Preservation Foundation, Inc. was created in December, 1997, after NationsBank purchased Barnett. Former Barnett president Allen Lastinger joined several other bank officers to create a non-profit organization to preserve and document Barnett's historical legacy.

They acquired the company archives containing annual reports, investor presentations, press releases, correspondence, miscellaneous ledgers, videos and account books; then solicited former employees for other material, including photographs, scrapbooks, news clippings, marketing materials and employee publications. Over 70 interviews were conducted which generated 3,000 pages of transcripts that were included in an oral history component.

In 2001, the Barnett Bank collection was donated to the Florida State Archives, which also holds the Florida State Department of Banking records, as well as records from other defunct banks.^[2][14]

See also[link]

• Bank of America Tower (Jacksonville)

References[link]

External links[link]

• Barnett Historic Preservation Foundation

v t e Bank of America Divisions Bank of America Home Loans Bank of America Merrill Lynch BAML Capital Partners Merrill Lynch U.S. Trust Historical components Bank of America Securities Bank of America, Los Angeles Bank of Italy BankBoston Barnett Bank Boatmen's Bancshares Cassatt & Company Central Bank and Trust Citizens & Southern National Bank Commercial National Bank Continental Illinois Countrywide Financial E.A. Pierce & Co. Farmers and Merchants Bank of Los Angeles First Republic Bank Corporation Fleet Bank Fourth Financial Corporation G. H. Walker & Co. LaSalle Bank Mercury Asset Management MBNA/Maryland National Bank Michigan National Bank Montgomery Securities NationsBank North Carolina National Bank Rainier Bancorp Robertson Stephens Seafirst Bank Security Pacific Bank Standard Federal Bank Sovran Bank Summit Bancorp Suretrade White Weld & Co. Buildings 555 California Street (San Francisco) 701 Brickell Avenue Albuquerque Plaza American Security and Trust Company Building (Washington, D.C.) Bank of America Building (Baltimore) Bank of America Building (Midland) Bank of America Building (Oakland) Bank of America Building (Providence) Bank of America Center (Baltimore) Bank of America Center (Houston) Bank of America Center (Los Angeles) Bank of America Center (Norfolk) Bank of America Center (Tulsa) Bank of America Corporate Center (Charlotte) Bank of America Plaza (Atlanta) Bank of America Plaza (Charlotte) Bank of America Plaza (Dallas) Bank of America Plaza (Fort Lauderdale) Bank of America Plaza (St. Louis) Bank of America Plaza (Tampa) Bank of America Tower (Jacksonville) Bank of America Tower (New York City) Bank of America Tower (Phoenix) Bank of America Tower (St. Petersburg) Boulder Towers Hearst Tower (Charlotte) Miami Tower Museum Tower Category Commons

Josh Barnett
Josh Barnett attending Amie Nicole's "Fit to Rock" DVD Release Party, Hollywood, California on May 21, 2010
Born	(1977-11-10) November 10, 1977 (age 34) Seattle, Washington, United States
Other names	The Warmaster, Baby-Faced Assassin (former)
Nationality	American
Height	6 ft 3 in (1.91 m)
Weight	248 lb (112 kg; 17 st 10 lb)
Division	Heavyweight (265 lb)
Reach	78 in (198 cm)
Fighting out of	Fullerton, California, U.S.
Team	CSW
Trainer	Erik Paulson
Rank	A Catchwrestler but also has Black belt in Brazilian Jiu-Jitsu under Erik Paulson
Years active	1997–present
Mixed martial arts record
Total	37
Wins	31
By knockout	9
By submission	17
By decision	4
By disqualification	1
Losses	6
By knockout	3
By submission	0
By decision	3
Website	http://www.joshbarnett.tv/
Mixed martial arts record from Sherdog
last updated on: September 14, 2011 (2011-09-14)

Medal record
Competitor for  United States
Men's Grappling
IBJJF World No Gi Jiu-Jitsu Championship
Gold	2009 Long Beach	97.449+ kg (Black)

Joshua Lawrence Barnett (born November 10, 1977) is an American mixed martial artist and professional wrestler who currently fights in the heavyweight division of Strikeforce. Barnett has been an accomplished fighter in mixed martial arts, winning the King of Pancrase Openweight Championship. He was a finalist in the Pride 2006 Openweight Grand Prix. As of February 2012, Barnett is ranked the #3 heavyweight fighter in the world by Fight!Magazine,^[1] #3 by MMAWeekly.com^[2] and the #8 heavyweight fighter in the world by Sherdog.^[3]

Mixed martial arts career[link]

Professional wrestling[link]

After having his UFC HW title stripped due to testing positive for 3 banned substances, Josh Barnett began his overseas career as a professional wrestler in the New Japan Pro Wrestling (NJPW) organization, where he wrestled numerous matches in 2003 and 2004. In his first match, he wrestled champion Yuji Nagata for the IWGP Heavyweight Championship. Although unsuccessful in that match,^[4] Barnett formed a tag team with Perry Saturn and was undefeated in the following NJPW tour, Fighting Spirit 2003. Barnett wrestled over 50 matches in total for the NJPW promotion.^[5]

Since then, Barnett has been wrestling for Antonio Inoki's Inoki Genome Federation wrestling promotion. He debuted with the company in 2007 with a victory over Tadao Yasuda. He racked up victories against Don Frye and Montanha Silva before suffering his first loss against Naoya Ogawa. The same man he beat earlier in the night. Since the loss, he has been on a winning streak beating The Predator, Hitokui Yoshiki, Tank Abbott, Jon Andersen, Fonseca, Atsushi Sawada, Bob Sapp, Ultimate Mask, Tim Sylvia, Montanha Silva, Bobby Lashley and Hideki Suzuki.^[6]

Starting in February at IGF GENOME 14, IGF began a title tournament to crown a new heavyweight champion and Barnett not only continued his winning streak but he advanced to the semi-finals of the tournament with his victory over Montanha Silva. In July at IGF GENOME 16, he defeated Bobby Lashley with a cross armbreaker to advance to the finals of the title tournament. Was scheduled to face Jérôme Le Banner for the IGF Heavyweight Championship in a tournament final scheduled for August 27 at the IGF SUPER STARS FESTIVAL 2011. However, it was announced on August 19 that Barnett had to pull out of the match up and Le Banner was declared the first ever IGF champion on August 22. However, Josh Barnett would get his shot at the IGF Heavyweight Championship on December 2 against the champion, Jerome Le Banner. Barnett would lose the contest by knockout.^[6]

On New Year's Eve, Josh Barnett made his return to Japan for the DREAM, "Fight for Japan" event. At the event he would face Hideki Suzuki in a IGF Rules match. After a wrestling clinic was put on by both athletes, it was Barnett who won with a brainbuster to seal the victory.^[6]

Pancrase and Pride[link]

Barnett competed in MMA fights in both Pride and Pancrase in Japan. While in Pancrase, he won its open-weight Grand Prix title by defeating Yuki Kondo. Winning this title put him alongside the likes of Ken Shamrock, Frank Shamrock and Bas Rutten as one of the few fighters to be a titleholder in both Pancrase and the UFC.

In his first fight in Pride, at Pride 28 against Croatian Mirko "Crocop" Filipović, he suffered a simultaneous fracture and dislocated shoulder injury that required surgery and over six months of rehab. His first fight back post-injury was a rematch against Filipović at Pride 30, which he lost by a close and controversial unanimous decision. He came back with a win against Kazuhiro Nakamura at Pride 31.

Barnett later beat Alexander Emelianenko by a keylock submission in the second round of the Pride Open Weight Grand Prix at Pride Total Elimination Absolute. He submitted Mark Hunt via kimura in the first round of the Open Weight Grand Prix at Pride Critical Countdown Absolute. Barnett defeated Antonio Rodrigo Nogueira by split decision in the semi finals of the Open Weight Grand Prix, however he lost the final match of the Pride Final Conflict Absolute to Filipović on September 10, 2006, submitting after an unintentional finger poke to the eye. In a post-fight interview, Barnett explained the incident: "I opened up my guard and I grabbed his leg to go for a leglock, and in the scramble Mirko put his hand out to post and he caught a finger deep in my right eye. And as soon as it happened I let go of the leg and grabbed my face, and I couldn't see anything at the time and I had no idea where he was and I just didn't want him to punt me in the face with a kick when I can't see and I'm blinded. He said, you know, 'Sorry' and I said to him that he was winning that night and it was an accident. He didn't mean [to do it]".^[7] This also marked the third time he was beaten by the MMA legend.

Next, Barnett fought the Polish Judo gold medalist Pawel Nastula at Pride 32, the organization's first show in the USA. To fight again in Nevada, the Nevada State Athletic Commission required that Barnett pass a mandatory drug test. In a surprisingly competitive match, Nastula controlled the first round and most of the second. Barnett reversed Nastula from the bottom and was able to secure a toe-hold submission, which earned him the victory. At a post fight press conference, Barnett complimented Nastula on his performance. Nastula, however, subsequently tested positive for steroids.^[8] Barnett then lost a rematch by unanimous decision to Antônio Rodrigo Nogueira at Pride Shockwave 2006.

World Victory Road: Sengoku[link]

After the bout against Nogueira and the acquisition of Pride by the UFC, Barnett did not participate in any MMA events in 2007, except one Pancrase match against Hikaru Sato, which was held under catch wrestling rules on Dec. 22. Barnett did not follow many other Pride veterans to the UFC because he desired to join an organization that included the top heavyweight fighter in the world, Fedor Emelianenko.^[9] In 2008, Barnett joined the newly organized MMA promotion, Sengoku, and fought in consecutive main events at Sengoku 1 and Sengoku 2, submitting Hidehiko Yoshida with a heel hook in the third round, and defeating Jeff Monson by unanimous decision. These fights were notable in that Barnett became the first man to submit Yoshida in mixed martial arts competition; and Barnett and Monson are good friends.

Affliction Entertainment[link]

Since his contract with World Victory Road is not exclusive, Barnett can join other MMA events. Barnett participated in the inaugural MMA event held by Affliction Entertainment, in July 2008. Seven years after his only knockout loss to Pedro Rizzo, he avenged that loss at Affliction: Banned with a knockout of his own in the second round.

In January 2009, Barnett fought Pride veteran Gilbert Yvel at Affliction: Day of Reckoning. Barnett defeated Yvel by a submission resulting from strikes in the third round. His next match-up, scheduled on August 1, 2009 against Fedor Emelianenko at Affliction's 3rd event Affliction: Trilogy, was one of the most anticipated match-up between the then ranked No.1 heavyweight Emelianenko and No.2 heavyweight Barnett.^[10] However, the fight was officially pulled 10 days before the fight by the California State Athletic Commission after Barnett tested positive for anabolic steroids for a second time. (A metabolite of Drostanolone)^[11] The event and Affliction Entertainment itself was cancelled July 24, 2009 as a result. Barnett requested that they test his "B" sample hoping there was an error in the test. His "B" sample was positive.

Post-Affliction[link]

Due to the positive drug tests, Barnett has made a re-licensure appeal to the California State Athletic Commission(CSAC). The CSAC has postponed Barnett's appeal three times. The first two postponements happened because Barnett's law firm required additional information from the laboratory that conducted Barnett's tests. Michael J. DiMaggio, Barnett's attorney, was unable to attend the hearing due to travel problems, causing the third extension, which would have taken place at 22 February 2010.^[12]

Josh was a no-show at this hearing on February 22, 2010, making this the fourth delay in his appeal, Shannon Hooper, Barnett's manager, told MMAjunkie.com (www.mmajunkie.com) on Monday February 22, 2010 that Barnett was in Japan on Sunday February 21, 2010 for a pro wrestling match and will return to the U.S. later today. His reason was he was unaware that his presence was required, but the CSAC said they had notified him of this months before.^[13] Barnett more recently signed on with MMA organization Strikeforce.

Dream[link]

Barnett signed to fight for Dream in 2010, and made his debut on March 22, 2010 at Dream 13 against Mighty Mo. He won the fight via submission in the first round. During the fight, he accidentally kicked Mighty Mo in the groin so immediately after winning the fight, Barnett approached Mighty Mo apologizing for the illegal strike and in return allowed Mighty Mo to knee him in the groin.

Strikeforce[link]

On 13 September 2010 it was announced that Josh Barnett had signed a multi-fight deal with Strikeforce.^[14]

Barnett faced Brett Rogers on June 18, 2011 at Strikeforce: Dallas in the opening round of a Strikeforce heavyweight tournament. Barnett submitted Rogers with an arm triangle in the second round of the bout.^[15]

Barnett defeated Sergei Kharitonov in the semi-final of the tournament headlining Strikeforce: World Heavyweight Grand Prix – Barnett vs. Kharitonov on September 10, 2011 at U.S. Bank Arena in Cincinnati, Ohio.

He faced fellow finalist Daniel Cormier on May 19, 2012 at Strikeforce: Barnett vs. Cormier to determine the Strikeforce Heavyweight Grand Prix Champion.^[16] Dana White announced if Barnett were to defeat Cormier, he would be allowed back into the UFC, "If he wins the fight, I can't see why he wouldn't come [to the UFC]."^[17] Barnett lost the bout via unanimous decision. (50-45, 50-45, 49-46), losing for the first time in over 5 years.

Other features[link]

Barnett has appeared in the Xbox 360 game Beautiful Katamari as one of the people that can be rolled up. He appears as the rare person "Wrestler" in his signature trunks and Pride FC gloves.

Billy Robinson had contributed immensely in training Josh Barnett. Barnett teaches catch wrestling at Erik Paulson's CSW Training Center in Fullerton, California. He is the primary trainer and manager of female fighter Megumi Fujii and listed on the Abe Ani Combat Club's website as a team wrestling coach and friend.

Barnett competed in the California Classic 2009 BJJ Tournament on November 15, 2009. Barnett lost a decision to ADCC veteran and Brazilian Jiu-Jitsu World Champion Romulo Barral from Gracie Barra in the Black Belt GI Absolute division. On December 19, 2009, Paulson awarded Barnett his Brazilian Jiu-Jitsu black belt. Even though Barnett had never trained in Brazilian Jiu-Jitsu he was given his belt based on competition merit and overall knowledge.^[18][19]

Championships and accomplishments[link]

Mixed martial arts[link]

• Strikeforce
  • 2011 Strikeforce Heavyweight Grand Prix Runner-up

• Ultimate Fighting Championship
  • UFC Heavyweight Championship (One time)

• Pancrase Hybrid Wrestling
  • Pancrase Openweight Championship (One time; Last)

• Pride Fighting Championship
  • 2006 Pride Openweight Grand Prix Runner-up

Submission grappling[link]

• International Brazilian Jiu-Jitsu Federation
  • 2009 World No Gi Jiu-Jitsu Championship Black Belt Gold Medalist^[20][21]

• International Gracie Jiu-Jitsu Federation
  • Gracie US Nationals 2010 – 206+ lb / Advanced No-Gi: 1st place^[22]

Mixed martial arts record[link]

See also[link]

Professional wrestling portal

• List of male mixed martial artists
• List of current Strikeforce fighters

References[link]

External links[link]

Wikimedia Commons has media related to: Josh Barnett

• Official website
• Josh Barnett on Twitter
• Josh Barnett on Myspace
• Professional MMA record for Josh Barnett from Sherdog
• Josh Barnett's professional wrestling match results