North Carolina National Bank (NCNB) was an American bank based in Charlotte, North Carolina, prior to 1960 called American Commercial Bank. It was one of America's top banking institutions between the 1960s-1990s. From 1974 to 1983, the bank was run by chairman and chief executive officer Tom Storrs.[1] What was NCNB forms the core of today's Bank of America.
History
In 1957 American Trust Co. (founded 1901)[2][3] and Commercial National Bank (founded 1876) merged to form American Commercial Bank in Charlotte, North Carolina. In 1960 American Commercial Bank merged with Greensboro-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[4]