The ascension of Kenneth D. Lewis to the No. 2 post at NationsBank Corp. is seen by analysts as an affirmation of the Charlotte, N.C.-based bank's emphasis on expense controls.

Mr. Lewis, 46, who was appointed president last Thursday, had been considered the heir apparent to chairman and chief executive Hugh L. McColl Jr., 58.

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.