Bank of North Carolina

In the record (18)

1. 1865

   A North Carolina historical marker records that Jefferson Davis, moving south after Lee's surrender, spent April 19 to April 26, 1865 lodging in a house that stood on East Trade Street in Charlotte while using the nearby Bank of North Carolina branch office as his government's headquarters.

   Charlotte-Mecklenburg Government CenterThomas JeffersonJefferson Davis

   Source · checked 2026-08-13

2. 1865

   The Confederate cabinet members present with Davis in Charlotte in the war's final days included Attorney General George Davis, Secretary of the Treasury George Trenholm, and Secretary of State Judah P. Benjamin; the meeting venue moved from the Bank of North Carolina to the Phifer House in part because Trenholm was confined to bed by illness.

   King GeorgeGeorge DavisGeorge TrenholmJudah P. Benjamin

   Source · checked 2026-08-13

3. 1865

   The Confederate government conducted its business out of the Bank of North Carolina's Charlotte branch office from April 19 to April 22, 1865, before its remaining cabinet meetings shifted to the William Phifer House on North Tryon Street, where they continued through April 26.

   Charlotte-Mecklenburg Government CenterQueen City Drug StoreWilliam Tryon

   Source · checked 2026-08-13

4. 1865 · 1865-04-19

   Confederate President Jefferson Davis and his fleeing government arrived in Charlotte on April 19, 1865, after a four-day journey by wagon from Greensboro, and set up headquarters at the Bank of North Carolina's Charlotte branch office on Tryon Street.

   Charlotte-Mecklenburg Government CenterThomas JeffersonJefferson DavisWilliam Tryon

   Source · checked 2026-08-13

5. 1865 · 1865-04-20

   The Charlotte Mecklenburg Library's Charlotte Mecklenburg Story history timeline states that Confederate President Jefferson Davis met with his complete cabinet for the last time on April 20, 1865, at William Phifer's home on North Tryon Street, even though the government's regular headquarters remained the Bank of North Carolina branch on Tryon Street; the meeting was moved to the Phifer House because of the illness of a cabinet member.

   Charlotte-Mecklenburg Government CenterThomas JeffersonJefferson DavisWilliam Tryon

   Source · checked 2026-08-13

6. 1922

   The building originally known as the Realty Building was renamed the Independence Building after the Independence Trust Company took occupancy, cementing its identity as an uptown Charlotte banking landmark.

   First National BankIndependent Trust CompanyFederal Reserve

   Source · checked 2026-08-13

7. 1927

   A Federal Reserve branch bank opened in uptown Charlotte in 1927, part of a wave of specialized banking construction that accompanied the decade's skyscraper boom and reinforced Charlotte's emerging identity as a regional financial center.

   First National BankIndependent Trust CompanyFederal Reserve

   Source · checked 2026-08-13

8. 1979

   NCNB reaches about $6 billion in total assets and operates 172 banking offices.

   Unverified — sourced but not confirmed against a primary record.

   First National BankIndependent Trust CompanyFederal Reserve

   Source · checked 2026-08-13

9. 1981

   NCNB identified a loophole in Florida banking law: because it had owned the Trust Company of Florida (Orlando) since before December 20, 1972, Florida law permitted it — as a pre-existing out-of-state owner of a Florida trust company — to acquire additional Florida banks, despite federal law otherwise barring interstate banking. This 'nonbank bank'/trust-company strategy became the basis for NCNB's pioneering interstate expansion.

   First National BankIndependent Trust CompanyFederal Reserve

   Source · checked 2026-08-13

10. 1982 · 1982-03-18

    NCNB Corporation agreed to acquire Gulfstream Banks Inc. of Boca Raton, Florida, one of its first moves establishing a Florida banking franchise under the trust-company loophole strategy.

    Unverified — sourced but not confirmed against a primary record.

    First National BankIndependent Trust CompanyFederal Reserve

    Source · checked 2026-08-13

11. 1982 · 1982-08-26

    The NCNB-Gulfstream Banks link was finalized; contemporaneous reporting explains the legal mechanism explicitly: 'Florida law allows out-of-state banks that owned Florida institutions before Dec. 20, 1972, to acquire Florida banks, and NCNB owned the Trust Company of Florida, Orlando, before that date' — the specific 'trust company loophole' that let NCNB become a pioneer of interstate banking ahead of federal deregulation.

    Unverified — sourced but not confirmed against a primary record.

    First National BankIndependent Trust CompanyFederal Reserve

    Source · checked 2026-08-13

12. 1984

    Ed Crutchfield became CEO of First Union Bank; at the time First Union had about $7 billion in assets. He added the title of chairman the following year (1985), the same year First Union began expanding into Florida under the regional interstate banking compact — kicking off Crutchfield's decades-long, aggressive acquisition-driven growth strategy.

    First National BankIndependent Trust CompanyFederal Reserve

    Source · checked 2026-08-13

13. 1991 · 1991-06-27

    NCNB Corporation announced an agreement to merge with C&S/Sovran Corporation (the Atlanta/Norfolk holding company for Citizens & Southern National Bank and Sovran Bank), creating a combined company with roughly $116-118 billion in assets and the nation's second-largest banking company at the time; the combined entity took the name NationsBank.

    First National BankIndependent Trust CompanyFederal Reserve

    Source · checked 2026-08-13

14. 1995

    First Union Corporation acquired First Fidelity Bancorporation of Newark, New Jersey, establishing First Union as a major banking player in the Northeastern United States.

    First National BankIndependent Trust CompanyFederal Reserve

    Source · checked 2026-08-13

15. 1998

    Following the 1998 NationsBank-BankAmerica merger and First Union's CoreStates megadeal, Charlotte became home to two of the country's largest bank holding companies, giving the city the largest concentration of bank holding company assets of any US city except New York — the basis for Charlotte's enduring claim to be the 'second-largest banking center in the United States,' a ranking measured by assets held by locally headquartered bank holding companies rather than by deposits, branch count, or employment.

    First National BankIndependent Trust CompanyFederal Reserve

    Source · checked 2026-08-13

16. 1998

    The 1998 NationsBank–BankAmerica merger was valued at approximately $62 billion (about $122.5 billion in inflation-adjusted terms), creating what was then the largest banking institution in the nation.

    First National BankIndependent Trust CompanyFederal Reserve

    Source · checked 2026-08-13

17. 1998 · 1998-04-30

    First Union Corporation acquired Bowles Hollowell Conner & Co., a Charlotte-based investment bank, adding to its investment-banking capabilities during its 1998 acquisition spree.

    Unverified — sourced but not confirmed against a primary record.

    First National BankIndependent Trust CompanyFederal Reserve

    Source · checked 2026-08-13

18. 2008 · 2008-09-29

    On September 29, 2008, Citigroup agreed in an FDIC-assisted transaction to acquire Wachovia's banking operations, a deal that valued Wachovia stock at approximately $1 per share, days after the September 25-26, 2008 seizure of Washington Mutual underscored the severity of the banking crisis.

    First National BankIndependent Trust CompanyFederal Reserve

    Source · checked 2026-08-13