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  • Carolina Banks To National Prominence:

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RODUCTION Paul J. Polking, Marion A. Cowell, Jr. and Jerone C. Herring served distinguished careers as the general counsel of North Carolina s three largest banking corporations, Bank of America ( B of A ), First Union (now Wachovia), and BB&T. The combined assets of these banks and others located in North Carolina make North Carolina the second largest banking state behind New York. Polking retired in 2004, joining Cowell who retired in 1999 and Herring who retired in the fall of 2003. T.

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Like in most southern towns, the Civil War was devastating but by the 1870s, Charlotte emerged as a rail center and textile hub in need of a local bank. In response, local business leaders started raising money to build banks.

Financial experts know Charlotte as the nation's second largest banking center (next to New York City), with more than $362 billion in banking assets.

With its long history as a headquarters city for the banking industry and its deep talent pool of financial experts, it's easy to see why Charlotte, the state's largest city, boasts the third-largest banking center in the U.S.

RANKBANK NAMETOTAL ASSETS (000) 1 Southern Bank and Trust Company $4,970,389 2 The Fidelity Bank $4,014,916 3 First Carolina Bank $3,085,826 4 Dogwood State Bank $2,214,72817 more rows

While other states were placing restrictions on branching, fearful that big-city banks would drive out smaller banks and then operate in a non- competitive fashion, North Carolina maintained liberal policies. This created a uniquely competitive bank- ing environment in North Carolina, Broome says.

We're committed to making it easy for companies to do business in North Carolina. That's why our state fosters a pro-business environment, fueled by the lowest corporate income tax in the U.S. along with a favorable legal and regulatory climate, low business costs and qualified talent.

In 1998 NationsBank acquired BankAmerica Corp. and took the name which now operates in all 50 states. The transaction was run by Hugh McColl. retains NCNB/NationsBank's pre-1998 stock price history, and is headquartered at what is now Corporate Center.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232