- published: 13 Feb 2015
- views: 542
Hugh L. McColl Jr. (born 18 June 1935) is a fourth-generation banker and the former Chairman and CEO of Bank of America.
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, polemicist 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.
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 had a sister and two brothers. Their paternal great-grandfather, Duncan Donald McColl (1842–1911) was an attorney who had developed the first railroad (the 50-mile (80 km) South Carolina Pacific Railway) and the first cotton mills in Marlboro County. He also founded the Bank of Marlboro, later headed by his son Hugh L. McColl, (1874–1931), followed by his grandson Hugh Leon McColl.
Bank of America (abbreviated as BofA) is an American multinational banking and financial services corporation headquartered in Charlotte, North Carolina. It is the second largest bank holding company in the United States by assets. As of 2013, Bank of America is the twenty-first largest company in the United States by total revenue. In 2010, Forbes listed Bank of America as the third biggest company in the world.
Bank of America provides its products and services through operating 5,100 banking centers, 16,300 ATMs, call centers, and online and mobile banking platforms. Its Consumer Real Estate Services segment offers consumer real estate products comprising fixed and adjustable-rate first-lien mortgage loans for home purchase and refinancing needs, home equity lines of credit, and home equity loans.
The bank's 2008 acquisition of Merrill Lynch made Bank of America the world's largest wealth management corporation and a major player in the investment banking market. According to the Scorpio Partnership Global Private Banking Benchmark 2014 it had assets under management (AuM) of USD 1,866.6 Bn an increase of 12.5% on 2013.
For the history and etymology of the name Hugh, see Hugh (given name). Hugh may also refer to:
Hugh McColl, Jr. talks about a 1982 $45 million merger
Hugh McColl: “University graduates have built the state.”
Interview of Hugh McColl
Hugh McColl - Protest Song
Hugh McColl, Jr. talks about the start of interstate banking.
FRONTLINE | Sneak Peek 1: Breaking the Bank | PBS
Hugh McColl - Vision in Balance, 2008 Private-Sector Recipient
Hugh McColl - Home
KTM 300 RM 250 Me & Hugh SILLY MUD SLIDE
Find Your Center - Hugh McColl
Hugh McColl, Jr., former Chairman and CEO of Bank of America, talks about a $45 million bank merger deal in 1982.
The man who built Bank of America came to North Carolina for its university – and he says it’s our responsibility to make sure others get the same opportunity to get a quality education at a reasonable price. “One of the great things for North Carolina is our university system,” Hugh McColl, the former chairman and CEO of Bank of America, says in an exclusive video interview with the Higher Education Works Foundation.
Hugh McColl, retired head of Bank of America, discusses his interest in art, especially public art in Charlotte, N.C.
Hugh McColl, Jr., former Chairman and CEO of Bank of America, talks about the start of interstate banking.
Watch the full-length episode at http://video.pbs.org/video/1168339502 http://www.pbs.org/frontline/breakingthebank/ In this clip from "Breaking the Bank, FRONTLINE examines Bank of America's rapid growth and the assent to power of CEO Ken Lewis, including interviews with Lewis and his predecessor Hugh McColl. "Breaking the Bank" airs Tuesday, June 16, on PBS (check local listings). The bets were huge and risky—billions of dollars on the housing market. The upside was undeniable—superbanks reaped billions of dollars, dominated the landscape, and gobbled up competitors. Then the bottom dropped out—the massive losses on Wall Street nearly broke the banks. In the worst crisis in decades, brand name banks are on the brink. Now as the federal government implements an unprecedented interventio...
Hugh McColl, this year's private-sector recipient, is the former chairman and chief executive of Bank of America Corp. Under his leadership, the bank and its predecessors grew more than 50-fold, cementing Charlotte's position as the nation's second-largest financial center. He also was the force behind Charlotte center city redevelopment, a key driver of the region's booming growth. Recognizing that the city's leaders had to look beyond its borders, he and five others founded what is now the Charlotte Regional Partnership. Since his retirement from Bank of America in 2001, he has continued to broker transactions that spur regional economic development.
Recorded in March 2015 at Baileys Rocks, Dergholm, with the help of Tim Stent.
June 10th 2012 ...While riding single track woods me and Hugh Graffunder come up on a mud slide that had washed the trail out...Our desire to finish and see the entire trail has us reconstructing the trail to pass through the washout.Of course Hugh.... AKA "Mr Smooth" churns this hill into butter ..Me on the other hand SQUID my way to the top.
Hugh McColl, retired head of Bank of America, discusses his interest in art, especially public art in Charlotte, N.C.
The man who built Bank of America came to North Carolina for its university – and he says it’s our responsibility to make sure others get the same opportunity to get a quality education at a reasonable price. “One of the great things for North Carolina is our university system,” Hugh McColl, the former chairman and CEO of Bank of America, says in an exclusive video interview with the Higher Education Works Foundation.
Hugh McColl, Jr., former Chairman and CEO of Bank of America, talks about a $45 million bank merger deal in 1982.
http://hoodhargettbreakfastclub.com Charlotte, NC's premier business development organization.
Hugh McColl, Jr., former Chairman and CEO of Bank of America, talks about the start of interstate banking.
Piscatorial legend Chris Yates talks to Unbound's CEO Dan Kieran about his fishing diary from 1981 which has been lost for over 30 years. The diary recalls his last days at Redmire pool amongst other fishy tales. http://unbound.co.uk/books/the-lost-diary
John Strickland interviews Carolyn McCall OBE, CEO, easyJet at 2012 World Travel Market, London
The McColl Center for Visual Art presents a video retrospective of leaving resident artist Ashley Lathe part one of a three part series.
Musician and author Hugh Cornwell recording a video blog about his dinner on 26th Nov 2013 with Masterchef judge Gregg Wallace to raise funds for Hugh's new novel Arnold Drive. Get tickets to the dinner here: http://www.eventbrite.co.uk/event/9128976013/es2?rank=1&sid;=e3eb74ae4aea11e3ba5322000a9f3045
Hugh McColl, Jr., former Chairman and CEO of Bank of America, talks about a $45 million bank merger deal in 1982.
The man who built Bank of America came to North Carolina for its university – and he says it’s our responsibility to make sure others get the same opportunity to get a quality education at a reasonable price. “One of the great things for North Carolina is our university system,” Hugh McColl, the former chairman and CEO of Bank of America, says in an exclusive video interview with the Higher Education Works Foundation.
Hugh McColl, retired head of Bank of America, discusses his interest in art, especially public art in Charlotte, N.C.
Hugh McColl, Jr., former Chairman and CEO of Bank of America, talks about the start of interstate banking.
Watch the full-length episode at http://video.pbs.org/video/1168339502 http://www.pbs.org/frontline/breakingthebank/ In this clip from "Breaking the Bank, FRONTLINE examines Bank of America's rapid growth and the assent to power of CEO Ken Lewis, including interviews with Lewis and his predecessor Hugh McColl. "Breaking the Bank" airs Tuesday, June 16, on PBS (check local listings). The bets were huge and risky—billions of dollars on the housing market. The upside was undeniable—superbanks reaped billions of dollars, dominated the landscape, and gobbled up competitors. Then the bottom dropped out—the massive losses on Wall Street nearly broke the banks. In the worst crisis in decades, brand name banks are on the brink. Now as the federal government implements an unprecedented interventio...
Hugh McColl, this year's private-sector recipient, is the former chairman and chief executive of Bank of America Corp. Under his leadership, the bank and its predecessors grew more than 50-fold, cementing Charlotte's position as the nation's second-largest financial center. He also was the force behind Charlotte center city redevelopment, a key driver of the region's booming growth. Recognizing that the city's leaders had to look beyond its borders, he and five others founded what is now the Charlotte Regional Partnership. Since his retirement from Bank of America in 2001, he has continued to broker transactions that spur regional economic development.
Recorded in March 2015 at Baileys Rocks, Dergholm, with the help of Tim Stent.
June 10th 2012 ...While riding single track woods me and Hugh Graffunder come up on a mud slide that had washed the trail out...Our desire to finish and see the entire trail has us reconstructing the trail to pass through the washout.Of course Hugh.... AKA "Mr Smooth" churns this hill into butter ..Me on the other hand SQUID my way to the top.
Hugh McColl, retired head of Bank of America, discusses his interest in art, especially public art in Charlotte, N.C.
Leaders from Lexington and Louisville, Kentucky, got a surprise on Tuesday, June 3, during the 2014 Leadership Expedition, when former Bank of America Chairman and CEO Hugh McColl addressed the delegation and took questions from the audience. Some 300 people travelled to Charlotte, North Carolina, June 1-3, for the second joint trip among Kentucky's largest metro areas.
For Joe Martin's Speech Click This Timecode: 25:10 The Charlotte Mecklenburg Urban League presents Joe Martin III with the Whitney M. Young Jr. Award. The ceremony includes congratulations from civic leaders, a performance by the Johnson C. Smith University Choir, and a speech by Joe Martin III accepting the award and speaking on racial awareness. Other Key Timecodes: 0:06 JoeB Martin give the opening prayer 1:55 Bill Simms introduces guest speaker Hugh McColl 6:16 Hugh McColl speaks on Joe Martin III 15:09 Video presentation on those who have been affected by Joe Martin 25:10 Joe B. Martin III gives a speech accepting the award and talking about racial awareness. 58:18 The award is presented to Joe Martin 1:00:28 The Johnson C. Smith University Choir gives a performance of two pieces.
Track listing Side 1: "Fins" (Jimmy Buffett, Deborah McColl, Barry Chance, Tom Corcoran) – 3:27 "Volcano" (Jimmy Buffett, Keith Sykes, Harry Dailey) – 3:37 "Treat Her Like a Lady" (Jimmy Buffett, David Loggins) – 4:18 "Stranded on a Sandbar" (Jimmy Buffett) – 3:08 "Chanson Pour Les Petits Enfants" (Jimmy Buffett) – 4:01 Side 2: "Survive" (Jimmy Buffett, Mike Utley) – 4:50 "Lady I Can't Explain" (Jimmy Buffett) – 2:42 "Boat Drinks" (Jimmy Buffett) – 2:37 "Dreamsicle" (Jimmy Buffett) – 2:18 "Sending the Old Man Home" (Jimmy Buffett) – 3:23 Cassette pressings of the album have "Volcano" and "Dreamsicle" swapped in track order. The running times listed for "Treat Her Like a Lady" and "Survive" on LP and CD pressings are incorrect. They are listed at 3:55 and 4:29, respectively. Personnel ...
Special guests Ms Brigitte Smith Mr Ingmar Wahlqvist Prof Geoff McColl What happens when you combine cutting-edge medical research with top talent and funding? During this interactive panel discussion, we will discuss emerging trends and opportunities in medical technology, breakthroughs, overcoming the challenges of transforming research to commercialisation, and turning medtech ideas into a reality. About Ms Brigitte Smith Brigitte Smith has twenty years’ experience in venture capital, business strategy and start-up company operations. Brigitte has been investing and managing investments for GBS’s $450m of life science specialised venture capital funds since 1998. Brigitte is on the board of GBS portfolio companies AirXpanders Inc, Endoluminal Sciences Pty Ltd, Neuromonics Pty Ltd...
This is video footage of President William Jefferson Clinton delivering remarks on signing the Riegle Community Development and Regulatory Improvement Act of 1994. This footage is official public record produced by the White House Television (WHTV) crew, provided by the Clinton Presidential Library. Date: September 23, 1994 Location: U.s. Department of Agriculture. Washington, DC Access Restriction(s): unrestricted Use Restrictions(s): unrestricted Camera: White House Television (WHTV) / Main Local Identifiers: MT02682, MT02683 This material is public domain, as it is a work prepared by an officer or employee of the U.S. Government as part of that person's official duties. Any usage must receive the credit "Courtesy; William J. Clinton Presidential Library," and no exclusive rights...
John Strickland interviews Carolyn McCall OBE, CEO, easyJet at 2012 World Travel Market, London
The Secret Intelligence Service (SIS), commonly known as MI6 (Military Intelligence, Section 6), is the British intelligence agency which supplies the British Government with foreign intelligence. It operates under the formal direction of the Joint Intelligence Committee (JIC) alongside the internal Security Service (MI5), the Government Communications Headquarters (GCHQ) and Defence Intelligence (DI). It is frequently referred to by the name MI6 (Military Intelligence, Section 6), a name used as a flag of convenience during the First World War when it was known by many names. The existence of MI6 was not officially acknowledged until 1994. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Augusta National Golf Club, located in Augusta, Georgia, is one of the most famous golf clubs in the world. Founded by Bobby Jones and Clifford Roberts on the site of the former Fruitland (later Fruitlands) Nursery, the course was designed by Jones and Alister MacKenzie and opened for play in January 1933. Since 1934, it has played host to the annual Masters Tournament, one of the four major championships in professional golf, and the only major played each year at the same course. It was the number one ranked course in Golf Digest's 2009 list of America's 100 greatest courses and is currently the number ten ranked course on Golfweek Magazine 's 2011 list of best classic courses in the United States, in terms of course architecture. The golf club's exclusive membership policies have drawn...
The Scotland national football team represents Scotland in international football and is controlled by the Scottish Football Association. Scotland maintains its own national side that competes in the two major professional tournaments, the FIFA World Cup and the UEFA European Championship. Scotland is not a member of the International Olympic Committee and therefore the national team does not compete in the Olympic Games. The majority of Scotland's home matches are played at the national stadium, Hampden Park. Scotland are the joint oldest national football team in the world, alongside England, whom they played in the world's first international football match in 1872. Scotland has a longstanding rivalry with England, whom they played annually from 1872 until 1989. The teams have only met ...
well, whoever tied the rope behind you has the keys you know
inebriation is the place in parities that you go
gives you fake security and makes you free to live your life
but you live it to be superficial and we'll see that tonight
you aren't any different then the people at your school
you kids that see me rock the set think that we're the funny fools
and the room of pleasure is all i can believe
you envy others and they have no personality
come on baby let me show you what you got, yea
for being part of the crowd
come on baby let me show you what you got, yea
let's be a part of the crowd
well, ill take my insecurities and listen to the ska
well i'm thinking that i think about it and i sing about it quite a lot
i don't know what it's all about, but i know it's cool
and i know i can do it because i'm in high school
only in high school
your driving around in daddy's new car
you think that you're a pimp
you think that you're the bomb
you know that i'm right
you know that you're wrong
but you know what you can do because your doing it, doing it now
keeping up the drug war
give me some sugar baby
i'll get laid and i'm fucking drunk now
you are all screwed up and what can you say
with a baby in your arms there is no more play
what's wrong with you
but you go and do what your friends do
and you, you don't know what's going on with you
so take warning, take warning
take warning my best friend
because i don't want to see you left with a fall
high school
well, whoever tied the rope behind you has the keys you know
inebriation is the place in parities that you go
gives you fake security and makes you free to live your life
but you live it to be superficial and we'll see that tonight
you aren't any different then the people at your school
you kids that see me rock the set think that we're the funny fools
and the room of pleasure is all i can believe