1901 - Birth of a Banking Giant
A group of real estate developers form a bank called the Southern States Trust. Its president is George Stephens. Through joining, or "merging" with other financial institutions, the bank's name will change several times. It will be the American Trust Company, American Commercial Bank, and North Carolina National Bank. Finally, it will emerge as a nation-wide leader: NationsBank then, after 1998, Bank of America.