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Hugh McColl, who made his name in banking by building one of the nation's largest financial institutions in Bank of America, is lending his heft to an academic program that should benefit community bank.
May 30
McColl Partners, an investment firm formed by retired Bank of America Chief Executive Hugh McColl, could be looking to sell.
The Charlotte, N.C., company could be sold by the end of this week, a source told the
McColl founded the investment bank shortly after retiring from Bank of America in 2001. The company focuses on midsize companies, including financial services firms, offering advice on mergers and capital raising. The company has offices in Atlanta, Dallas and Los Angeles.
McColl recently announced plans to
Dave Vorhoff, a managing partner at the investment bank, declined to comment. An assistant to McColl told American Banker on Thursday that he was on vacation and unavailable to comment.
