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Nationsbank

BUSINESS
July 11, 1992
NationsBank said yesterday that it would try to control health-care costs with a new system of managed care that includes negotiating directly with doctors and hospitals for discounted rates in some areas.The plan will allow many of its 55,000 employees nationwide, including 3,400 in Baltimore, to choose either a health maintenance organization or a preferred-provider organization.Employees who choose the HMO would receive medical care for a flat monthly rate. Workers who join the PPO and go to doctors and hospitals on the NationsBank plan's list would receive 80 percent reimbursement.
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BUSINESS
By David Conn and David Conn,Staff Writer | July 30, 1993
NationsBank Corp. and the state of Maryland announced a new marketing program yesterday aimed at getting financing to small and minority contractors who do business with the state.The program, tried in pilot form last month, is intended to direct small and minority businesses to a source of financing for contracts awarded by the state Department of General Services.The program is available for any business with annual revenues up to $5 million that has been awarded a primary contract or subcontract from the department.
BUSINESS
By David Conn and David Conn,Sun Staff Writer | March 12, 1994
NationsBank Corp., which has kept mum about its branch closing plans, inadvertently let some information slip when it filed notice with federal regulators of its intention to close seven Maryland branches.A weekly bulletin issued by the federal Office of the Comptroller of the Currency lists NationsBank's advance notice that it will close branches in the Baltimore area, the Eastern Shore and the Washington area. Those branches will close no sooner than 90 days from now, probably closer to 120 days, NationsBank spokesman Daniel Finney said.
BUSINESS
By David Conn and David Conn,Staff Writer | April 9, 1993
Top executives of NationsBank Corp. came to Baltimore yesterday, armed with charts, graphs and statistics, all aimed at proving two main points: that the Charlotte, N.C.-based banking company, soon to be Maryland's largest, is good for stockholders and good for the community.The company held a breakfast meeting at the Cross Keys Inn to present the 1992 results of its community investment programs in the Baltimore area and Maryland. The presentation to civic activists was part of a 29-city tour, called Report to Communities, that the company launched this month to review its community lending programs in most of its larger markets.
BUSINESS
By KNIGHT-RIDDER NEWS SERVICE | April 3, 1997
CHARLOTTE, N.C. -- NationsBank is the first bank to request new powers under an expanded regulation of the Office of the Comptroller of the Currency.The Charlotte bank's two applications last week will be the first test of a revised OCC rule that allows banks, on a case-by-case basis, to do things that previously were forbidden.Some bankers have speculated that the comptroller's office, which regulates national banks, eventually could approve applications by banks to underwrite insurance and securities.
BUSINESS
By Bloomberg Business News | November 24, 1994
DALLAS -- NationsBank Corp., fighting a suit claiming the bank company used ill-gotten information to buy the operations of First RepublicBank Corp., must face a jury trial, a Texas appeals court ruled.The suit, filed in a Dallas state court in June 1992, alleges that NationsBank's predecessor, NCNB Corp., and Chairman and Chief Executive Hugh McColl Jr. unlawfully obtained the acquisition plan to be used by Lone Star Partners in its attempt to buy the insolvent bank subsidiaries of Dallas-based First RepublicBank.
SPORTS
By Jon Morgan and Jon Morgan,Staff Writer | August 4, 1993
NationsBank has agreed financially to back the NFL bids of Baltimore and its hometown, Charlotte, N.C., equally -- including a pledge to buy several hundreds of thousands of dollars worth of premium seats here."
BUSINESS
By David Conn and David Conn,Staff Writer | April 20, 1993
Generally meeting Wall Street's expectations, NationsBank Corp. of Charlotte, N.C., reported sharply higher first-quarter earnings yesterday.The results were clouded, however, by significant one-time events that did not reflect the company's core operations. The current period included a large gain from an accounting change, while the year-ago quarter included an equally large gain from the sale of securities.For the three months ended March 31, the company said it earned $481 million, or $1.89 a share, compared with $310 million, or $1.28 a share.
BUSINESS
By David Conn and David Conn,Sun Staff Writer | April 18, 1995
Continued economic strength in the South pushed NationsBank Corp.'s earnings higher in the first quarter, but signs of a slowdown in the Northeast dampened profit growth at First Fidelity Bancorp.Both companies exceeded Wall Street's expectations, and joined a cadre of major regional banks that reported strong earnings yesterday, including First Chicago Corp., Bank of New York Co. and First Interstate Bancorp. Only Chase Manhattan Corp., the nation's sixth-largest banking company, saw earnings decline in the quarter from a year earlier.
BUSINESS
By David Conn and David Conn,Sun Staff Writer | March 14, 1995
NationsBank Corp. has received the go-ahead to move its local bank headquarters from Maryland to Virginia, and merge its operations in those two states and Washington, D.C., into one seamless bank, with branches in each jurisdiction.The federal Office of the Comptroller of the Currency (OCC) approved NationsBank's two-stage application. The Charlotte, N.C.-based company first wants to move the main office of its subsidiary NationsBank of Maryland from Bethesda to McLean, Va. The second step calls for the merger of that subsidiary with Richmond-based NationsBank of Virginia.
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