North Carolina National Bank (NCNB) was a bank based in

Charlotte Charlotte ( ) is the List of municipalities in North Carolina, most populous city in the U.S. state of North Carolina. Located in the Piedmont (United States), Piedmont region, it is the county seat of Mecklenburg County, North Carolina, Meckl ...

North Carolina North Carolina () is a state in the Southeastern region of the United States. The state is the 28th largest and 9th-most populous of the United States. It is bordered by Virginia to the north, the Atlantic Ocean to the east, Georgia and So ...

, prior to 1960 called American Commercial Bank. It was one of the top banking institutions. From 1974 to 1983, the bank was run by Chairman and Chief Executive Officer Tom Storrs. What was NCNB forms the core of today's

Bank of America 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. The bank w ...

History

In 1957 American Trust Co. (founded 1901) and

Commercial National Bank Commercial National Bank was a bank formed in Charlotte, North Carolina on 18 February 1874, which was a predecessor to the American Commercial Bank which then helped form North Carolina National Bank. NCNB changed their name to NationsBank in 1991 ...

(founded 1876) merged to form American Commercial Bank in Charlotte, North Carolina. In 1960 American Commercial Bank merged with

Greensboro Greensboro (; formerly Greensborough) is a city in and the county seat of Guilford County, North Carolina, United States. It is the third-most populous city in North Carolina after Charlotte and Raleigh, the 69th-most populous city in the Un ...

-based Security National Bank to form North Carolina National Bank. While American Commercial was the nominal survivor, the merged bank gave up American Commercial's state charter to operate under the Greensboro bank's national charter. In 1969, it reorganized as a holding company, NCNB Corporation. In 1983, Ellis Bank of Florida merged with NCNB and then, in 1986, NCNB announced plans for an 875-foot signature skyscraper in downtown Charlotte that would serve as its corporate headquarters. In 1991, while construction was underway, NCNB acquired C&S/Sovran Corp. of

Atlanta Atlanta ( ) is the capital and most populous city of the U.S. state of Georgia. It is the seat of Fulton County, the most populous county in Georgia, but its territory falls in both Fulton and DeKalb counties. With a population of 498,715 ...

and

Norfolk Norfolk () is a ceremonial and non-metropolitan county in East Anglia in England. It borders Lincolnshire to the north-west, Cambridgeshire to the west and south-west, and Suffolk to the south. Its northern and eastern boundaries are the No ...

and took the new name,

NationsBank NationsBank was one of the largest banking corporations in the United States, based in Charlotte, North Carolina. The company named NationsBank was formed through the merger of several other banks in 1991, and prior to that had been through mul ...

. The new skyscraper opened in 1992 as NationsBank Corporate Center. In 1998 NationsBank acquired BankAmerica Corp. and took the name

which now operates in all 50 states. The transaction was run by

Hugh McColl Hugh L. McColl Jr. (born 18 June 1935) is a fourth-generation banker and the former Chairman and CEO of Bank of America. Active in banking since around 1960, McColl was a driving force behind consolidating a series of progressively larger, mos ...

. Bank of America retains NCNB/NationsBank's pre-1998 stock price history, and is headquartered at what is now

Bank of America Corporate Center The Bank of America Corporate Center is an 871 ft (265 m) skyscraper in Uptown Charlotte, North Carolina. Designed by Argentine architect César Pelli and HKS Architects, and best known as the headquarters of the namesake Bank of Ameri ...

. The former North Carolina National Bank Building at

Burlington, North Carolina Burlington is a city in Alamance County, North Carolina, Alamance and Guilford County, North Carolina, Guilford counties in the U.S. state of North Carolina. It is the principal city of the Burlington, North Carolina Metropolitan Statistical Are ...

was added to the

National Register of Historic Places The National Register of Historic Places (NRHP) is the United States federal government's official list of districts, sites, buildings, structures and objects deemed worthy of preservation for their historical significance or "great artistic v ...

in 1984.

References

{{Authority control Bank of America legacy banks Banks disestablished in 1991 Banks established in 1960 Defunct banks of the United States