$WFC

Wells Fargo & Company

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$WFC

Wells Fargo & Company

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All voices2 calls since May 2026show all

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@acipartnerhshipMay 15, 2026 · 11:12 AM

Didn't expect a previous reply about #banking and #Charlotte to be of such interest. A few more details: Hugh McColl as President of NCNB (now $BAC) and Edward Crutchfield as president of First Union (now $WFC) led the charge to expand North Carolina banking. There were others too, such as, John Allison at BB&T, and folks at Wachovia. 1) The gates were opened in 1985 when Supreme Court approved regional interstate banking. First Union was among the first banks to take advantage of the decision. 2) North Carolina banks were out of the gates first due to backing from the NC Legislature. 3) Also out of the gates first to become bigger, very fast, as a defense from potential takeovers by big city banks from NYC/Chicago. 4) Side note: Charlotte also began offering liquor by the drink in the late seventies that helped in deal making. Similar to Salt Lake City to help get the Olympics.

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@acipartnerhshipMay 14, 2026 · 2:25 PM

Banking oddity: $MS making 52-week high $WFC nearing 52-week low

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