NationsBank Corp. vice chairman James W. Thompson said he will take early retirement, effective Wednesday.

Mr. Thompson, 56, said he had been considering the move for "about a year." As head of NationsBank's global finance businesses, which combine large corporate and capital markets, he had been one of the bank company's top five officers, along with chairman and chief executive Hugh L. McColl Jr.; president Kenneth D. Lewis; vice chairman and chief financial officer James H. Hance Jr.; and Fredric J. Figge 2d, chairman of corporate risk policy.

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