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The strength of America's financial system is a result of the diversity of its players, but that diversity wont survive if our nation continues down the path of one-size-fits-all regulatory reform.
August 28 -
Southern Methodist University's banking school has given Scott Dueser, the head of First Financial Bankshares in Abilene, Texas, its distinguished alumnus award for embracing change in challenging times.
July 3 -
Deloitte Corporate Finance has acquired McColl Partners, a middle-market investment bank founded by retired Bank of America Chief Executive Hugh McColl.
June 10 -
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 -
Don't do it. That is the advice more moms, dads and other adults including participants in a recent American Banker Analyst Roundtable are giving young people who consider banking as a career path.
May 27
Tracy Grooms, a retired Bank of America executive, is the right person to train the next generation of bankers, says none other than B of A legend Hugh McColl.
Grooms will head up the new banking program at the McColl School of Business at Queens University in Charlotte, N.C. Grooms, who retired as B of A's consumer and small-business compliance executive in March, was introduced on Tuesday at an event in Charlotte.
McColl, the former chief executive credited with building B of A into a national giant, was on hand to offer praise.
"Everything we asked her to do, she did well," McColl said at the event, according to the
The banking program at the McColl School of Business is being offered starting this fall, and will train undergraduates to fill management roles at small and midsize banks, which, McColl said, often don't have the resources to effectively train young employees. McColl helped design the program and he hopes it will provide "broad, generalist training" for undergraduates, he told
Grooms will teach the undergraduate courses for students majoring in finance, the first of which will be held next spring. She starts Oct. 1.
Grooms, 54, worked for B of A or its predecessors since 1986, when NCNB Corp., which was headed by McColl, bought Bankers Trust of South Carolina, the first bank she worked for. She decided to take an early retirement from banking after reevaluating her life, the