NationsBank's president in mid-Atlantic resigns Florida executive to replace Chandler

November 10, 1993|By David Conn | David Conn,Staff Writer

J. Harold Chandler, who helped save the ailing Washington-area operations of NationsBank Corp. in 1991 and later was named president of the company's mid-Atlantic division, yesterday resigned from the Charlotte-based banking company.

Mr. Chandler, 44, left "to accept a position in another industry outside the mid-Atlantic region," NationsBank said. Mr. Chandler did not return calls seeking comment yesterday.

Mr. Chandler told a group of NationsBank executives yesterday that "he has accepted a position as chief executive officer with an ownership interest in a Fortune 500 company not engaged in banking, and that an official announcement is expected from the receiving company as soon as [today]," after the losing candidates for the job can be notified, according to NationsBank spokesman Daniel G. Finney.

His replacement as president of the $30 billion NationsBank Mid-Atlantic Group, which includes offices in Northern Virginia, Washington and Maryland, is R. Eugene Taylor, president of NationsBank Florida.

Mr. Taylor, 46, is a Florida native and Florida State University graduate. He was recruited in 1969 to NationsBank's predecessor, North Carolina National Bank, by Hugh L. McColl Jr., now the company's chairman and chief executive.

He spent the 1970s and early 1980s at NCNB subsidiaries throughout North Carolina, and was sent to Tampa, Fla., in 1986. Mr. Taylor became president of NCNB Florida in July 1990, and a year later helped merge that company with the Florida operations of Atlanta-based C&S/Sovran Corp., which NCNB had acquired.

"They're both very popular places to live, based on the population growth in the last four or five years," Mr. Taylor said, referring to Florida and the Baltimore-Washington regions. "The thing I like about this area is that we've got such a high market share."

NationsBank, which acquired MNC Financial Inc. last month, has more than a 25 percent market share in the region, compared with about 10 percent in Florida.

Mr. Chandler, a South Carolina native, started out with the former Citizens & Southern Corp., and became president of its South Carolina bank in 1987. A year later he was named head of marketing for the parent company in Atlanta.

In 1991 Mr. Chandler was sent to Washington to shore up a division crippled by the collapsing real estate market. He survived the takeover by NationsBank and in June was named president of the mid-Atlantic region. He has served on the boards of the Greater Washington Board of Trade, the Maryland Preakness Celebration, and the Maryland Business Roundtable for Education, among others.

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