[Congressional Record Volume 147, Number 53 (Wednesday, April 25, 2001)]
[House]
[Pages H1561-H1562]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




      TRIBUTE TO HUGH McCOLL, CHAIRMAN AND CEO OF BANK OF AMERICA

  (Mr. WATT of North Carolina asked and was given permission to address 
the House for 1 minute and to revise and extend his remarks.)
  Mr. WATT of North Carolina. Madam Speaker, I rise today to pay 
tribute to Hugh McColl, who is retiring today as chairman and CEO of 
Bank of America, which is headquartered in my congressional district in 
Charlotte, North Carolina.
  Under the leadership of Hugh McColl, Bank of America has grown into 
the Nation's third largest bank and McColl has helped make Charlotte 
the second largest banking center in the country, after New York.
  In less than 20 years, McColl built the former North Carolina 
National Bank from a company with $12 billion in assets and 7,600 
employees to a national bank with $642 billion in assets and 140,000 
employees. He has been a

[[Page H1562]]

community leader in Charlotte, volunteering his time and resources to 
make it a better place to live.
  Last year, Bank of America received the National United Way Spirit of 
America Award for the community service commitment shown by their 
employees.
  I wish all the best to Hugh McColl as he begins the next chapter of 
his life. I count him as a real ally, mentor, and friend.

                          ____________________