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BAC North America Holding Company company history timeline

1986

The resulting C&S Bank of South Carolina was rejoined with Citizens and Southern in 1986 when the Georgian giant bought them back.

1987

By November of 1987, Sovran was moving west by merging with Commerce Union, a 71-year-old bank holding company based in Nashville.

North Carolina National Bank moved into Maryland in 1987 with the purchase of CentraBank of Baltimore.

1990

In 1990, BankAmerica surpassed Chase Manhattan to become the second-largest bank holding company in the nation.

Real estate loans made up 32 percent of the bank's $34 billion portfolio at the end of 1990, with Washington, D.C., accounting for 21 percent of the real estate total.

1991

Seeking to expand its operations beyond its branches in seven western states, the bank added branches in two more states with the 1991 acquisitions of ABQ and Sandia Federal Savings banks of New Mexico, and Village Green National Bank in Houston.

1993

Domestic expansion continued in 1993 with the acquisition of First Gibraltar of Texas and with an agreement to make a $1 million equity investment in Founders National Bank, the only African-American-owned bank on the West Coast.

1994

In 1994, the company had 1,800 branch offices, which made it the second-largest branch network in America.

1998

The 1998 BankAmerica and NationsBank Merger

2001

2001: Kenneth D. Lewis is named chairman and CEO; the company focuses on brand recognition.

2002

The company also went to work on its brand image, increasing its 2002 advertising budget to $145 million--an increase of 50 percent over the previous year.

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Founded
1985
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Headquarters
Charlotte, NC
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