Who Bought out Ncnb

IndustryBankingFateMerged with Bank AmericaSuccessorBank of AmericaHeadquartersCharlotte, North Carolina , United StatesKey peopleHugh McColl (former president)

What happened to NCNB?

The 1989 acquisition of First Republic Bank, the largest bank in Texas, made NCNB the nation’s ninth-largest bank. In 1992 NCNB merged with Atlanta-based C&S and Sovran, the country’s twelfth-largest bank, to become NationsBank, with nearly 2,000 offices and more than 59,000 employees.

Who bought out C&S bank?

NCNB Corp. will buy C&S;/Sovran Corp., forming the nation’s third biggest bank, in a transaction valued at $4.2 billion. The two banks plan to announce details of the buyout today in news conferences in New York in the morning and Charlotte, N.C., and Atlanta in the afternoon.