Hugh McColl
Encyclopedia
Hugh L. McColl Jr. is a fourth-generation banker and the former Chairman and CEO of Bank of America
. McColl was a driving force behind consolidating
a series of progressively larger, mostly Southern banks, thrifts and financial institutions into a super-regional banking force, "the first ocean-to-ocean bank in the nation's history" — a transformation that Tony Plath, director of banking studies at the University of North Carolina at Charlotte, called "the most significant banking story of the late 20th century."
As a young man, McColl along with a colleague had envisioned creating the first truly national bank with branches from coast to coast.
, along with a sister and two brothers, to Hugh Leon McColl (1905–1994, cotton farmer and banker) and Frances Pratt Carroll McColl (1906–1987, artist). McColl's great-grandfather, Duncon Donald McColl (1842–1911, attorney) had brought the first railroad (the 50 miles (80.5 km) South Carolina & Pacific) as well as the first cotton mills to Marlboro County — and had founded the Bank of Marlboro, later headed by McColl's grandfather (Hugh L. McColl, 1874–1931), followed by his father.
McColl's father liquidated the Bank of Marlboro in 1939, and later bought a controlling interest in Marlboro Trust Co. McColl went to work at age 14 for the trust company
and his father’s cotton company, McColl Cotton Mills — keeping books, securing payments, learning double-entry accounting and driving across North and South Carolina to make deposits.
McColl was his Bennettsville High School's student council president, was class president his senior year (1953) and was voted Best All-Round Boy in his senior class. His yearbook quotation read: "He who is talented in leadership holds the world's dream in his grip."
After graduating from the University of North Carolina at Chapel Hill
, McColl joined the United States Marine Corps
and served a two year tour of duty. Honorably discharged, he returned to North Carolina.
Hugh McColl Sr. directed his son to banking, telling him he "didn't have the brains for farming."
McColl declined an offer from his father-in-law, John McKee Spratt (1907–1973, banker, attorney, judge), to work at the Bank of Fort Mill, a small family-owned bank, but let his father arrange an introduction at another bank. Subsequently, young McColl went to work as a management trainee for American Commercial Bank in Charlotte
, North Carolina
.
approach to transforming the small regional bank, via incremental acquisitions and mergers, into NationsBank
and ultimately Bank of America
.
McColl became President of NCNB in 1974 at age 39, and CEO of NCNB in 1983 — after the bank purchased Lake City, Florida-based First National Bank of Lake City (1982). NCNB then purchased First RepublicBank Corporation of Dallas, Texas from the FDIC (1988) and acquired over 200 thrifts and community banks, many through the Resolution Trust program (1989 to 1992). In 1991, after acquiring Atlanta-based C&S/Sovran Corp., and becoming NationsBank
, the institution purchased in succession: Maryland National Corporation (1992), Chicago Research and Trading Group (1993), BankSouth (1995), St. Louis-based Boatmen's Bancshares (1996), Jacksonville, Florida based Barnett Bank (1997) and Montgomery Securities (1997).
In April 1998, under McColl's direction, NationsBank and San Francisco-based BankAmerica merged, creating Bank of America
, headquartered in Charlotte. Among other later acquisitions, Bank of America in 2004 purchased FleetBoston Financial, thus ultimately holding the country's oldest bank charter (1784).
Strategically, McColl blunted opposition to the bank mergers and acquisitions by pledging in advance billion in loans for low-income neighborhoods, particularly with the creation of Nationsbank and Bank of America.
, an investment banking
firm which advises mid-sized companies on mergers and acquisitions
with offices in Charlotte and Dallas, co-founded Falfurrias Capital Partners in 2006, a Charlotte-based private equity firm
, founded McColl Garella (2002–2006) an investment banking company serving firms owned by women, opened Charlotte-based McColl Fine Art in 2003, and partnered to create New York-based MME Fine Art in 2005. McColl is chairman of MBL Advisors Holdings, LLC (McColl Brother Lockwood), a Charlotte-based company with his son-in-law, Luther Lockwood, as managing principal and providing wealth transfer planning, business succession and executive benefits services to business owners and public company executives. In 2009, McColl Partners joined an international network of investment banks called Clairfield Partners, which collaborates on international deals.
McColl has served on the board of directors of Sykes Enterprises Inc., Canal Industries; Carolinas HealthCare System; Charlotte Center City Partners; Cousins Properties, Inc.; Faison Associates; Foundation for the Carolinas; General Parts, Inc.; NuTech Solutions Inc.; Ruddick Corporation; and Sonoco Products Company.
NFL and the Charlotte Hornets
NBA franchises, supporting Habitat for Humanity, chairing The Forum for Corporate Responsibility (2003), financing inner-city and minority-owned businesses, encouraging light and high-speed rail, and supporting civil rights and and gay rights.
The headquarters of the Kenan-Flagler Business School
at UNC-Chapel Hill was named the McColl Building upon its completion in 1997 in recognition of McColl's efforts on behalf of his alma mater. McColl has mentor
ed students of the McColl Business School at Queens University of Charlotte
where he served on the Board of Trustees for 19 years (1991–2005). McColl gave the initial for Charlotte's Teaching Fellows Institute, and McColl's daughter, Jane McColl Lockwood, is president of Charlotte-based McColl Foundation.
Many of McColl's philanthropic contributions have focused on his family. He endowed the Charlotte Children’s Theatre which includes the McColl family Theater, funded the McColl Center for Visual Art (a Charlotte-based organization that promotes the visual arts in the Southeast), endowed an English professorship at the Norfolk Academy
, Norfolk, Virginia in honor of first cousin Edith Pratt Breeden (Patty) Masterson (1922–1997, attorney, teacher), and endowed a professorship at the University of North Carolina at Chapel Hill School of Information and Library Science in honor of his mother Frances Pratt Carroll McColl and sister Frances Carroll McColl Covington (1932–1990).
In 1991, McColl purchased, restored, and relocated one of his great-grandfather Duncan Donald McColl's homes in Bennettsville, South Carolina
and then donated it to Marlboro County. It became a new home for the Marlboro County Chamber of Commerce and The South Carolina Cotton Trail. See: the D.D. McColl house
In 1998 and 2004, Jane Spratt McColl, with Hugh McColl, donated 400 acres (1.6 km²) on the Catawba River
in York County near Rock Hill, South Carolina
for an environmental museum, possibly to be named the Museum of Life and the Environment, with building design by architect William McDonough
.
had started The Hendrick Automotive Group in 1976 as a single Chevrolet dealership in Bennettsville, South Carolina
(McColl's home town), and sat on the Board of Directors during McColl's tenure as chairman of NationsBank, which in turn became Bank of America with McColl as chairman and CEO. Hendrick later pleaded guilty to mail fraud and admitted to giving hundreds of thousands of dollars, automobiles, and houses to American Honda Motor Company executives — eventually requesting a pardon from President Bill Clinton. McColl wrote to Clinton recommending a pardon for Hendrick and subsequently announced on December 7, 2000, Bank of America Foundation would donate $500,000 to the Clinton Foundation. On December 21, 2000, Clinton granted a pardon to Hendrick. McColl denied having a role in the bank foundation's contribution to the Clinton library, saying the foundation had also donated $500,000 to the presidential library of George H.W. Bush and $225,000 to the library of Ronald Reagan.
Two books have been written about McColl:
A 2008 book, Dearest Hugh:The Courtship Letters of Gabrielle Drake and Hugh Mccoll, 1900–1901 edited by Suzanne Cameron Linder Hurley, recounts via their letters the courtship of his grandparents, D.D.McColl and Gabrielle Palmer Drake McColl (1882–1964).
The library the University of North Carolina at Chapel Hill
's South Historical Collection maintains a collection of approximately 8,600 McColl family papers. The South Caroliniana Library at the University of South Carolina
maintains the Duncan Donald McColl Papers.
On Oct. 3, 1959, McColl married Jane Bratton Spratt McColl of York, South Carolina
— daughter of a banker and sister of former Congressman John Spratt (D-SC)
. They have three children, Hugh Leon McColl IV (1960- ), John Spratt McColl (1963- ), and Jane Bratton McColl Lockwood (1967- ) and eight grandchildren.
McColl is member of Augusta National Golf Club
. In 2005 McColl, an avid quail hunter, leased 25000 acres (101.2 km²) of the Kenedy Ranch, a longhorn-cattle ranch in the Falfurrias ranch
area of Kenedy County, Texas.
In 2010, UNC-TV
conducted a series of interviews with McColl, titled Biographical Conversations with Hugh Leon McColl Jr., to air in three segments.
Award Against Indifference,
founded in 1997 to carry the message of Nobel
Peace Prize winner Elie Wiesel
— a call to action for human dignity, justice and moral courage. In 2008, McColl was named South Texan of the Year, and in 2009, McColl received the North Carolina Award for public service.
NationsBank
Bank of America
Bank of America
Bank of America Corporation, an American multinational banking and financial services corporation, is the second largest bank holding company in the United States by assets, and the fourth largest bank in the U.S. by market capitalization. The bank is headquartered in Charlotte, North Carolina...
. McColl was a driving force behind consolidating
Mergers and acquisitions
Mergers and acquisitions refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling, dividing and combining of different companies and similar entities that can help an enterprise grow rapidly in its sector or location of origin, or a new field or...
a series of progressively larger, mostly Southern banks, thrifts and financial institutions into a super-regional banking force, "the first ocean-to-ocean bank in the nation's history" — a transformation that Tony Plath, director of banking studies at the University of North Carolina at Charlotte, called "the most significant banking story of the late 20th century."
As a young man, McColl along with a colleague had envisioned creating the first truly national bank with branches from coast to coast.
Early life
McColl was born in Bennettsville, South CarolinaBennettsville, South Carolina
Bennettsville is a city in and the county seat of Marlboro County, South Carolina, United States. and home to the Bennettsville Historic District...
, along with a sister and two brothers, to Hugh Leon McColl (1905–1994, cotton farmer and banker) and Frances Pratt Carroll McColl (1906–1987, artist). McColl's great-grandfather, Duncon Donald McColl (1842–1911, attorney) had brought the first railroad (the 50 miles (80.5 km) South Carolina & Pacific) as well as the first cotton mills to Marlboro County — and had founded the Bank of Marlboro, later headed by McColl's grandfather (Hugh L. McColl, 1874–1931), followed by his father.
McColl's father liquidated the Bank of Marlboro in 1939, and later bought a controlling interest in Marlboro Trust Co. McColl went to work at age 14 for the trust company
Trust company
A trust company is a corporation, especially a commercial bank, organized to perform the fiduciary of trusts and agencies. It is normally owned by one of three types of structures: an independent partnership, a bank, or a law firm, each of which specializes in being a trustee of various kinds of...
and his father’s cotton company, McColl Cotton Mills — keeping books, securing payments, learning double-entry accounting and driving across North and South Carolina to make deposits.
McColl was his Bennettsville High School's student council president, was class president his senior year (1953) and was voted Best All-Round Boy in his senior class. His yearbook quotation read: "He who is talented in leadership holds the world's dream in his grip."
After graduating from the University of North Carolina at Chapel Hill
University of North Carolina at Chapel Hill
The University of North Carolina at Chapel Hill is a public research university located in Chapel Hill, North Carolina, United States...
, McColl joined the United States Marine Corps
United States Marine Corps
The United States Marine Corps is a branch of the United States Armed Forces responsible for providing power projection from the sea, using the mobility of the United States Navy to deliver combined-arms task forces rapidly. It is one of seven uniformed services of the United States...
and served a two year tour of duty. Honorably discharged, he returned to North Carolina.
Hugh McColl Sr. directed his son to banking, telling him he "didn't have the brains for farming."
McColl declined an offer from his father-in-law, John McKee Spratt (1907–1973, banker, attorney, judge), to work at the Bank of Fort Mill, a small family-owned bank, but let his father arrange an introduction at another bank. Subsequently, young McColl went to work as a management trainee for American Commercial Bank in Charlotte
Charlotte, North Carolina
Charlotte is the largest city in the U.S. state of North Carolina and the seat of Mecklenburg County. In 2010, Charlotte's population according to the US Census Bureau was 731,424, making it the 17th largest city in the United States based on population. The Charlotte metropolitan area had a 2009...
, North Carolina
North Carolina
North Carolina is a state located in the southeastern United States. The state borders South Carolina and Georgia to the south, Tennessee to the west and Virginia to the north. North Carolina contains 100 counties. Its capital is Raleigh, and its largest city is Charlotte...
.
NCNB, Nationsbank and Bank of America
In 1960, a year after McColl joined American Commercial Bank, the bank joined Greensboro's Security National Bank, becoming North Carolina National Bank. Vigorously competitive, McColl deployed a methodical, militaryMilitary
A military is an organization authorized by its greater society to use lethal force, usually including use of weapons, in defending its country by combating actual or perceived threats. The military may have additional functions of use to its greater society, such as advancing a political agenda e.g...
approach to transforming the small regional bank, via incremental acquisitions and mergers, into NationsBank
NationsBank
NationsBank was one of the largest banking corporations in the United States, based in Charlotte, North Carolina. In 1998, it acquired BankAmerica to become Bank of America.-Corporate history:...
and ultimately Bank of America
Bank of America
Bank of America Corporation, an American multinational banking and financial services corporation, is the second largest bank holding company in the United States by assets, and the fourth largest bank in the U.S. by market capitalization. The bank is headquartered in Charlotte, North Carolina...
.
McColl became President of NCNB in 1974 at age 39, and CEO of NCNB in 1983 — after the bank purchased Lake City, Florida-based First National Bank of Lake City (1982). NCNB then purchased First RepublicBank Corporation of Dallas, Texas from the FDIC (1988) and acquired over 200 thrifts and community banks, many through the Resolution Trust program (1989 to 1992). In 1991, after acquiring Atlanta-based C&S/Sovran Corp., and becoming NationsBank
NationsBank
NationsBank was one of the largest banking corporations in the United States, based in Charlotte, North Carolina. In 1998, it acquired BankAmerica to become Bank of America.-Corporate history:...
, the institution purchased in succession: Maryland National Corporation (1992), Chicago Research and Trading Group (1993), BankSouth (1995), St. Louis-based Boatmen's Bancshares (1996), Jacksonville, Florida based Barnett Bank (1997) and Montgomery Securities (1997).
In April 1998, under McColl's direction, NationsBank and San Francisco-based BankAmerica merged, creating Bank of America
Bank of America
Bank of America Corporation, an American multinational banking and financial services corporation, is the second largest bank holding company in the United States by assets, and the fourth largest bank in the U.S. by market capitalization. The bank is headquartered in Charlotte, North Carolina...
, headquartered in Charlotte. Among other later acquisitions, Bank of America in 2004 purchased FleetBoston Financial, thus ultimately holding the country's oldest bank charter (1784).
Strategically, McColl blunted opposition to the bank mergers and acquisitions by pledging in advance billion in loans for low-income neighborhoods, particularly with the creation of Nationsbank and Bank of America.
Later work
After handing off day-to-day bank operations in 1999 and fully retiring from Bank of America in 2001, McColl partnered with other Charlotte banking executives to form McColl PartnersMcColl Partners
McColl Partners, LLC is an investment bank that provides services to middle-market companies and financial institutions. McColl Partners advises clients in three primary areas: Mergers and Acquisitions , Private Capital Raises, and Strategic Advisory and Valuation Assignments.- History :McColl...
, an investment banking
Investment banking
An investment bank is a financial institution that assists individuals, corporations and governments in raising capital by underwriting and/or acting as the client's agent in the issuance of securities...
firm which advises mid-sized companies on mergers and acquisitions
with offices in Charlotte and Dallas, co-founded Falfurrias Capital Partners in 2006, a Charlotte-based private equity firm
Private equity firm
A private equity firm is an investment manager that makes investments in the private equity of operating companies through a variety of loosely affiliated investment strategies including leveraged buyout, venture capital, and growth capital...
, founded McColl Garella (2002–2006) an investment banking company serving firms owned by women, opened Charlotte-based McColl Fine Art in 2003, and partnered to create New York-based MME Fine Art in 2005. McColl is chairman of MBL Advisors Holdings, LLC (McColl Brother Lockwood), a Charlotte-based company with his son-in-law, Luther Lockwood, as managing principal and providing wealth transfer planning, business succession and executive benefits services to business owners and public company executives. In 2009, McColl Partners joined an international network of investment banks called Clairfield Partners, which collaborates on international deals.
McColl has served on the board of directors of Sykes Enterprises Inc., Canal Industries; Carolinas HealthCare System; Charlotte Center City Partners; Cousins Properties, Inc.; Faison Associates; Foundation for the Carolinas; General Parts, Inc.; NuTech Solutions Inc.; Ruddick Corporation; and Sonoco Products Company.
Philanthropy, civic vision
McColl has supported a broad range of academic, civic and arts causes for Charlotte, the state of North Carolina and the Southeast — strongly encouraging Charlotte's urban redevelopment (enabled by Bank of America's revitalization of Fourth Ward and building of Gateway Village in Third Ward), playing a key role in Charlotte's attracting the Carolina PanthersCarolina Panthers
The Carolina Panthers are a professional American football team based in Charlotte, North Carolina. They are currently members of the South Division of the National Football Conference in the National Football League . The Panthers, along with the Jacksonville Jaguars, joined the NFL as expansion...
NFL and the Charlotte Hornets
Charlotte Hornets (NBA)
The Charlotte Hornets was a professional American basketball team based in Charlotte, North Carolina. They played in the Atlantic, Midwest, and Central divisions of the National Basketball Association. The Hornets began play during the 1988–89 NBA season as an expansion franchise, along with the...
NBA franchises, supporting Habitat for Humanity, chairing The Forum for Corporate Responsibility (2003), financing inner-city and minority-owned businesses, encouraging light and high-speed rail, and supporting civil rights and and gay rights.
The headquarters of the Kenan-Flagler Business School
Kenan-Flagler Business School
The Kenan-Flagler Business School is the undergraduate and graduate business school at the University of North Carolina at Chapel Hill. The school offers a Bachelor of Science in Business Administration, Master of Business Administration , MBA for Executives, Master of Accounting, Ph.D., a business...
at UNC-Chapel Hill was named the McColl Building upon its completion in 1997 in recognition of McColl's efforts on behalf of his alma mater. McColl has mentor
Mentor
In Greek mythology, Mentor was the son of Alcimus or Anchialus. In his old age Mentor was a friend of Odysseus who placed Mentor and Odysseus' foster-brother Eumaeus in charge of his son Telemachus, and of Odysseus' palace, when Odysseus left for the Trojan War.When Athena visited Telemachus she...
ed students of the McColl Business School at Queens University of Charlotte
Queens University of Charlotte
Queens University of Charlotte is a private, co-educational, comprehensive university located in Charlotte, North Carolina. The school has approximately 2,600 undergraduate and graduate students through the College of Arts and Sciences, the McColl School of Business, the Wayland H. Cato, Jr. School...
where he served on the Board of Trustees for 19 years (1991–2005). McColl gave the initial for Charlotte's Teaching Fellows Institute, and McColl's daughter, Jane McColl Lockwood, is president of Charlotte-based McColl Foundation.
Many of McColl's philanthropic contributions have focused on his family. He endowed the Charlotte Children’s Theatre which includes the McColl family Theater, funded the McColl Center for Visual Art (a Charlotte-based organization that promotes the visual arts in the Southeast), endowed an English professorship at the Norfolk Academy
Norfolk Academy
Norfolk Academy is an independent co-educational day school in Norfolk, Virginia. Chartered in 1728, it is the oldest secondary school in Virginia and the eighth oldest in the United States...
, Norfolk, Virginia in honor of first cousin Edith Pratt Breeden (Patty) Masterson (1922–1997, attorney, teacher), and endowed a professorship at the University of North Carolina at Chapel Hill School of Information and Library Science in honor of his mother Frances Pratt Carroll McColl and sister Frances Carroll McColl Covington (1932–1990).
In 1991, McColl purchased, restored, and relocated one of his great-grandfather Duncan Donald McColl's homes in Bennettsville, South Carolina
Bennettsville, South Carolina
Bennettsville is a city in and the county seat of Marlboro County, South Carolina, United States. and home to the Bennettsville Historic District...
and then donated it to Marlboro County. It became a new home for the Marlboro County Chamber of Commerce and The South Carolina Cotton Trail. See: the D.D. McColl house
In 1998 and 2004, Jane Spratt McColl, with Hugh McColl, donated 400 acres (1.6 km²) on the Catawba River
Catawba River
The Catawba River is a tributary of the Wateree River in the U.S. states of North Carolina and South Carolina. The river is approximately 220 miles long...
in York County near Rock Hill, South Carolina
Rock Hill, South Carolina
Rock Hill is the largest city in York County, South Carolina and the fourth-largest city in the state. It is also the third-largest city of the Charlotte metropolitan area, behind Charlotte and Concord, North Carolina. The population was 71,459 as of . Rock Hill has undergone rapid growth between...
for an environmental museum, possibly to be named the Museum of Life and the Environment, with building design by architect William McDonough
William McDonough
William Andrews McDonough is an American architect, founding principal of , co-founder of with German chemist Michael Braungart as well as co-author of also with Braungart...
.
Rick Hendrick pardon
Rick HendrickRick Hendrick
Joseph Riddick Hendrick III , better known as Rick Hendrick, is the current owner of the American NASCAR team, Hendrick Motorsports and founder of the Hendrick Automotive Group and Hendrick Marrow Program. He attended Park View High School in South Hill, Virginia, and began his career in auto...
had started The Hendrick Automotive Group in 1976 as a single Chevrolet dealership in Bennettsville, South Carolina
Bennettsville, South Carolina
Bennettsville is a city in and the county seat of Marlboro County, South Carolina, United States. and home to the Bennettsville Historic District...
(McColl's home town), and sat on the Board of Directors during McColl's tenure as chairman of NationsBank, which in turn became Bank of America with McColl as chairman and CEO. Hendrick later pleaded guilty to mail fraud and admitted to giving hundreds of thousands of dollars, automobiles, and houses to American Honda Motor Company executives — eventually requesting a pardon from President Bill Clinton. McColl wrote to Clinton recommending a pardon for Hendrick and subsequently announced on December 7, 2000, Bank of America Foundation would donate $500,000 to the Clinton Foundation. On December 21, 2000, Clinton granted a pardon to Hendrick. McColl denied having a role in the bank foundation's contribution to the Clinton library, saying the foundation had also donated $500,000 to the presidential library of George H.W. Bush and $225,000 to the library of Ronald Reagan.
Personal
McColl supported Bill Clinton for President, at one time voted for George W. Bush, and supported Barack Obama for President. Speaking of his political viewpoints, McColl said in 2000,Two books have been written about McColl:
- McColl: The Man with America's Money (1999) by Ross YockeyRoss YockeyRoss Yockey is an Emmy Award winning writer, producer, author, and television journalist. He authored 21 books, most notably best selling business book McColl, the Man with America's Money, a biography about legendary banker Hugh McColl...
- The Story of NationsBank: Changing the Face of American Banking (2001) by Howard E. Jr. Covington and L. William SeidmanL. William SeidmanLewis William "Bill" Seidman was an American economist, financial commentator, and former head of the U.S. Federal Deposit Insurance Corporation, best known for his role in helping work to correct the Savings and Loan Crisis in the American financial sector from 1988-1991 as head of the related...
, (former head of the FDIC).
A 2008 book, Dearest Hugh:The Courtship Letters of Gabrielle Drake and Hugh Mccoll, 1900–1901 edited by Suzanne Cameron Linder Hurley, recounts via their letters the courtship of his grandparents, D.D.McColl and Gabrielle Palmer Drake McColl (1882–1964).
The library the University of North Carolina at Chapel Hill
University of North Carolina at Chapel Hill
The University of North Carolina at Chapel Hill is a public research university located in Chapel Hill, North Carolina, United States...
's South Historical Collection maintains a collection of approximately 8,600 McColl family papers. The South Caroliniana Library at the University of South Carolina
University of South Carolina
The University of South Carolina is a public, co-educational research university located in Columbia, South Carolina, United States, with 7 surrounding satellite campuses. Its historic campus covers over in downtown Columbia not far from the South Carolina State House...
maintains the Duncan Donald McColl Papers.
On Oct. 3, 1959, McColl married Jane Bratton Spratt McColl of York, South Carolina
York, South Carolina
York is a small city in York County, South Carolina, United States. The city of York is also the county seat of York County. The population was approximately 6,985 at the 2000 census and the 2009 population estimate for the city...
— daughter of a banker and sister of former Congressman John Spratt (D-SC)
John M. Spratt, Jr.
John McKee Spratt, Jr. is the former U.S. Representative for , serving from 1983 until 2011. He is a member of the Democratic Party. Spratt was the dean of the South Carolina congressional delegation, chairman of the U.S. House Committee on the Budget, and the second ranking Democrat on the U.S...
. They have three children, Hugh Leon McColl IV (1960- ), John Spratt McColl (1963- ), and Jane Bratton McColl Lockwood (1967- ) and eight grandchildren.
McColl is member of Augusta National Golf Club
Augusta National Golf Club
Augusta National Golf Club, located in Augusta, Georgia, is a famous men's golf club. Founded by Bobby Jones and Clifford Roberts and designed by Alister MacKenzie on the site of a former indigo plantation, the club opened for play in January 1933. Since 1934, it has played host to the annual...
. In 2005 McColl, an avid quail hunter, leased 25000 acres (101.2 km²) of the Kenedy Ranch, a longhorn-cattle ranch in the Falfurrias ranch
Falfurrias, Texas
Falfurrias is a city in and the county seat of Brooks County, Texas, United States. The population was 5,297 at the 2000 census. The town is named for founder Edward Cunningham Lasater's ranch, La Mota de Falfurrias. In 1893, the Falfurrias ranch was one of the largest in Texas at some 350,000...
area of Kenedy County, Texas.
In 2010, UNC-TV
UNC-TV
University of North Carolina Television, known on-air as UNC-TV, is a public television network in the U.S. state of North Carolina. It is operated by the University of North Carolina, with studios located at the UNC Center for Public Television at Research Triangle Park...
conducted a series of interviews with McColl, titled Biographical Conversations with Hugh Leon McColl Jr., to air in three segments.
Awards and honors
McColl entered the South Carolina Business Hall of Fame in 1990, in 1997 he was voted Tarheel of the Year, in 2005 he entered the North Carolina Business Hall of Fame, and in 2007, entered the Junior Achievement U.S. Business Hall of Fame. McColl was named “Family Champion” by Working Mother Magazine (1993), he earned the Pioneer Award from the Organization for a New Equality (1996) and won the Applause Award from Women’s Business Enterprise National Council (2001). In 2005, McColl won the Echo FoundationEcho Foundation
The Echo Foundation is a non-profit education foundation, co-founded in 1997 by Nobel Laureate Elie Wiesel and Stephanie G. Ansaldo. The purpose of The Echo Foundation is to serve humanity through education...
Award Against Indifference,
founded in 1997 to carry the message of Nobel
Peace Prize winner Elie Wiesel
Elie Wiesel
Sir Eliezer "Elie" Wiesel KBE; born September 30, 1928) is a Hungarian-born Jewish-American writer, professor, political activist, Nobel Laureate, and Holocaust survivor. He is the author of 57 books, including Night, a work based on his experiences as a prisoner in the Auschwitz, Buna, and...
— a call to action for human dignity, justice and moral courage. In 2008, McColl was named South Texan of the Year, and in 2009, McColl received the North Carolina Award for public service.
See also
Bennettsville, South CarolinaBennettsville, South Carolina
Bennettsville is a city in and the county seat of Marlboro County, South Carolina, United States. and home to the Bennettsville Historic District...
NationsBank
NationsBank
NationsBank was one of the largest banking corporations in the United States, based in Charlotte, North Carolina. In 1998, it acquired BankAmerica to become Bank of America.-Corporate history:...
Bank of America
Bank of America
Bank of America Corporation, an American multinational banking and financial services corporation, is the second largest bank holding company in the United States by assets, and the fourth largest bank in the U.S. by market capitalization. The bank is headquartered in Charlotte, North Carolina...