NationsBank Corp. chairman Hugh L. McColl Jr. is emerging as the White House's liaison of choice to the banking industry. Last Thursday, he was on hand to speak for the industry when President Clinton announced his community development lending program.

Toward the end of the ceremony, Mr. Clinton highlighted his regard for the bank chairman, noting that he had "stayed up half the night" with the President, talking about the Community Reinvestment Act "and how we could make it work." Here's some of what Mr. McColl had to say at the ceremony:

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.