Hugh L. McColl Jr. said he was "elated" to hear about passage of the interstate banking bill. And well he should be: The chairman and CEO of NationsBank Corp. put more effort into lobbying for the legislation than any other banker in the country.

Mr. McColl, speaking on Wednesday from his car phone, said he first learned of the bill's passage around 6:30 p.m. Tuesday while his plane was landing in Richmond.

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