Hugh McColl
Hugh McColl
Hugh L. McColl Jr.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, 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...
across bottom business continued customer difficult economic efforts environment flows goals good meeting pleased progress strategic weak
We are pleased with our continued progress in meeting strategic goals and continue to see good customer flows across many business lines, ... It is clear, however, that the increasingly weak economic environment is making it difficult for our efforts to show up on the bottom line." ()