Word: nationsbank
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...though, NationsBank has gained far more profit than it has lost through acquisitions, earning a record $3.08 billion in 1997. Its shareholders have enjoyed an average gain of 26% a year over the past decade, handily beating the 18% annual return for the benchmark S&P 500 stock index...
...have fun doing it. McColl was famed for his success at poker when he was stationed at Camp Lejeune Marine base in North Carolina. More recently, he helped bring a National Football League team, the Carolina Panthers, to Charlotte. And he dramatically opened the new 60-story NationsBank headquarters in 1992 by having soldiers rappel down the building on ropes. (Local wags dubbed the structure the Taj McColl.) He went in the opposite direction on his 60th birthday, trekking up Kilimanjaro...
...Bancshares in St. Louis, Mo., in January 1997, he waited barely a year to announce a $15.5 billion deal to buy Barnett. Then he backed away from a pledge to cut $450 million out of Barnett's costs this year because of difficulty digesting the earlier acquisition. Nonetheless, NationsBank is shedding 200 branches in Florida (including 124 that state regulators have ordered it to divest) and reducing the merged workforce from 30,000 to 22,000. Gleeful local rivals have launched an ad blitz that analysts say could persuade about 10% of Barnett's customers to switch their accounts...
...more a year, or a difference of $27.95, to maintain a regular checking account at a large bank instead of a small one, according to the U.S. Public Interest Group. The gap grew to 100%, or $110, when large banks were compared with credit unions. At the NationsBank branch in Woodstock, Ga., a personal checking account costs $10 a month without a minimum balance, while a similar account at the locally owned Bank of Canton costs...
Whatever the tally, McColl insists that NationsBank will be among the survivors. And he's currently eyeing California, where NationsBank has no branches as yet. "Will we ever stop expanding our company and be satisfied with what we have?" he asks. "No! We're interested in California, and we're interested in a lot of things." The trick will be to keep the bank's customers interested as well...