Word: nationsbank
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Dates: during 1990-1999
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...fiery ex-Marine and an avid mountain climber, Hugh McColl Jr. has scaled the Swiss Alps and Tanzania's Mount Kilimanjaro. But his loftiest goal is to lead NationsBank, the Charlotte, N.C., company he has run since 1983, to the summit of American banking. Through more than 50 acquisitions, McColl has turned NationsBank into the third largest U.S. lender (behind Chase Manhattan and Citicorp), with branches in 16 states and $316 billion in assets. And NationsBank stock, which has swelled to $65 billion in total value, makes the bank No. 1 in market capital. "In most of life's endeavors...
...Competition for down-market customers and the profits they generate is intensifying among big mortgage providers like GE Capital, Norwest Financial, KeyCorp, NationsBank and Chase Manhattan, not to mention heavily advertised smaller outfits like the Money Store (Dial 1-800-LOAN-YES). The total for sub-prime mortgages--a figure that is growing at twice the rate of conventional mortgages--is expected to exceed $120 billion this year. Another blistering market: sub-prime cash for new and used cars. Ford Motor Co.'s Associates Corp.; Mercury Finance, based in Lake Forest, Illinois; Credit Acceptance Corp. of Southfield, Michigan; and other...
...haggle-free prices are all below the book value set by the National Auto Dealers Association, which serves as the industry standard. Consumers then test-drive their choices and can arrange financing online in 20 minutes or less, either through a CarMax subsidiary or through North Carolina--based NationsBank...
...NCNB, now merged with C&S/Sovran, is about to change its name to NationsBank. Stop! Wasteful! Think of all those signs that need to be redone, all that stationery, all those forms. It's a huge undertaking, and for what? Far better simply to change the name to the Nation's Cutest, Nicest Bank . . . NCNB. This will save millions of dollars, and may even fool some folks into thinking NCNB, with its Marine Corps culture, is nice and cute...
...Nationsbank is honored to be selected to provide credit services needed to make the Games a success, and to be given the opportunity to express our complete faith in ACOG leadership," he said...