Hugh McColl, former B of A Chief, Selling Investment Firm: Report

By Paul Davis June 05, 2013, 2:50 p.m. EDT 1 Min Read

Community banking

Former B of A CEO McColl Backing Course to Aid Small Banks

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.

By Chris Cumming

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 Charlotte Business Journal on Wednesday. The publication did not identify any buyers.

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 support a business school program dedicated to training future community bankers.

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.

Paul Davis

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