Misplaced Pages

NationsBank

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.

NationsBank was one of the largest banking corporations in the United States , based in Charlotte, North Carolina . The company named NationsBank was formed through the merger of several other banks in 1991, and prior to that had been through multiple iterations. Its oldest predecessor companies had been Commercial National Bank (CNB), formed in 1874, and American Trust Company founded in 1909. In 1998, NationsBank acquired BankAmerica , and modified that better-known name to become Bank of America Corporation . The CEO of NationsBank throughout its entire existence was Hugh McColl , who led the merger with BankAmerica and became the first CEO of the present-day Bank of America .

#348651

71-467: NationsBank traced its roots to two banks in Charlotte. Commercial National Bank (CNB), the earliest forerunner of NationsBank, was formed in 1874. American Trust Company was founded a few blocks down Tryon Street in 1909. In 1957, American Trust merged with Commercial National to form American Commercial Bank . American Trust was the nominal survivor, and its president, Addison Reese, became president of

142-551: A Confederate Army at the Battle of Olustee , going down to defeat. Union forces retreated to Jacksonville and held the city for the remainder of the war. In March 1864 a Confederate cavalry confronted a Union expedition in the Battle of Cedar Creek . Warfare and the long occupation left the city disrupted after the war. During Reconstruction and the Gilded Age , Jacksonville and nearby St. Augustine became popular winter resorts for

213-468: A grand jury was convened to investigate, 11 officials were indicted and more were forced to resign. In 1963 the Southern Association of Colleges and Schools threatened to withdraw accreditation of area schools in a year because of "instructional deficiencies". But voters refused to approve new taxes to improve school conditions. In late 1963, Duval County was spending $ 299 per student compared to

284-520: A 900-square-mile entity. Tommy Hazouri supported passage of environmental regulations and reduced pollution odor during his single term as mayor, which began in 1987. Ed Austin was elected as mayor in 1991. His most lasting contribution is the River City Renaissance program, a $ 235 million bond issued in 1993 by the city of Jacksonville which funded urban renewal and revamped the city's historic downtown neighborhoods. Austin oversaw

355-526: A Spanish force from the nearby Spanish settlement of St. Augustine attacked Fort Caroline , and killed nearly all the French soldiers defending it. The Spanish renamed the fort as San Mateo and, following the expulsion of the French, St. Augustine became the most important European settlement in Florida. The location of Fort Caroline is subject to debate, but a reconstruction of the fort was established in 1964 along

426-757: A charter for a town government, which the Florida Legislative Council approved on February 9, 1832. During the American Civil War , Duval County produced several units that fought for the Confederate States Army . At least two were raised out of Jacksonville: the Jacksonville Light Infantry , a militia unit formed in 1859, and the Duval County Cow Boys, mustered in during the summer of 1861. Both units fought as part of

497-591: A cost-cutting culture improved margins. Eventually, NCNB built a branch network stretching from Virginia to Florida, in addition to Texas. In 1989, NCNB tried to become even more powerful by launching a hostile bid for Citizens & Southern Corporation of Atlanta , which had been the South's biggest bank for much of the 20th century until NCNB passed it. Partly as a defensive measure, C&S merged with Sovran Financial Corporation of Norfolk, Virginia to form C&S/Sovran. Only two years later, however, C&S/Sovran

568-651: A dozen times due to storms crossing the state from the Gulf of Mexico to the Atlantic Ocean, or passing to the north or south in the Atlantic and brushing past the area. The strongest effect on Jacksonville was from Hurricane Dora in 1964, the only recorded storm to hit the First Coast with sustained hurricane-force winds. The eye crossed St. Augustine with winds that had just barely diminished to 110 mph (180 km/h), making it

639-554: A minimal presence. In July 1992, NationsBank agreed to invest $ 200 million in Maryland National Corporation for a 16 percent nonvoting stake and an option to buy the whole company, which it subsequently executed in February 1993. In March 1993, NationsBank acquired Chicago Research and Trading Group, expanding into derivatives and dramatically increasing foreign exchange trading. In September 1995, NationsBank announced

710-531: A number of important works to the city's modern architectural movement. Jacksonville's early predominant position as a regional center of business left an indelible mark on the city's skyline. Many of the earliest skyscrapers in the state were constructed in Jacksonville, dating to 1902. The city last held the state height record from 1974 to 1981. The tallest building in Downtown Jacksonville's skyline

781-546: A single sports franchise, and for that franchise to be an NFL team. The Better Jacksonville Plan , promoted as a "blueprint for Jacksonville's future" and approved by Jacksonville voters in 2000, authorized a half-penny sales tax. This generated most of the revenue required for the $ 2.25 billion package of major projects, which have included road and infrastructure improvements, environmental preservation, targeted economic development, and new or improved public facilities. In 2005, Jacksonville hosted Super Bowl XXXIX , which

SECTION 10

#1733106267349

852-521: A stone column at his landing site near the river's mouth, claiming the newly discovered land for France. In 1564, René Goulaine de Laudonnière established the first European settlement on the St. Johns River, Fort Caroline , near the main village of the Saturiwa. Philip II of Spain ordered Pedro Menéndez de Avilés to protect the interests of Spain by attacking the French at Fort Caroline. On September 20, 1565,

923-552: A strong Category 2 on the Saffir-Simpson Scale . In 1979, Hurricane David passed offshore by 40 miles (64 kilometres), bringing winds around 95 mph (150 km/h). Hurricane Floyd in 1999 caused damage mainly to Jacksonville Beach; the Jacksonville Beach pier was severely damaged and later demolished. In 2004, Jacksonville was inundated by Hurricane Frances and Hurricane Jeanne , which made landfall south of

994-612: A user from England, accepted the offer and had the pizzas sent to Hayecz's home. The 10,000 Bitcoins were worth about US$ 40 at the time. A plaque was mounted on the wall of the restaurant commemorating the day, with the declaration that Jacksonville is the "Home of the first Bitcoin purchase". This event marks May 22 as "Bitcoin Pizza Day" for crypto-fans. The city has suffered damage in natural disasters. In October 2016, Hurricane Matthew caused major flooding and damage to Jacksonville, Jacksonville Beach , Atlantic Beach and Neptune Beach ,

1065-530: A year. Normal monthly mean temperatures range from 54.2 °F (12.3 °C) in January to 82.5 °F (28.1 °C) in July; high temperatures average 65.5 to 91.9 °F (18.6 to 33.3 °C) throughout the year. The city of Jacksonville usually averages only about 10 to 15 nights at or below freezing. Such cold weather is usually short-lived. The coldest temperature recorded at Jacksonville International Airport

1136-478: Is important to the Jacksonville area, particularly tourism related to golf with the PGA Tour headquarters located in nearby Ponte Vedra Beach . People from Jacksonville are known as Jacksonvillians and, informally, as Jaxsons or Jaxons (both derived from Jax, the shortened nickname for the city). The area of the modern city of Jacksonville has been inhabited for thousands of years. On Black Hammock Island in

1207-641: Is primarily sand and clay rather than limestone, so few sinkholes develop; however, deep, large diameter sinkholes do occur. The architecture of Jacksonville varies in style. Few structures in the city center predate the Great Fire of 1901 . The city is home to one of the largest collections of Prairie School style buildings outside the Midwest. Following the Great Fire of 1901, Henry John Klutho came to influence generations of local designers with his works by both

1278-563: Is the Bank of America Tower , constructed in 1990 as the Barnett Center. It has a height of 617 ft (188 m) and includes 42 floors. Other notable structures include the 37-story 1 Independent Square (with its distinctive flared base making it the defining building in the Jacksonville skyline), originally built in 1972–1974 by the Independent Life and Accident Insurance Company, and

1349-619: Is traditionally divided into several amorphous areas, comprising large parts of Duval County. These are Northside , Westside , Southside , and Arlington , as well as the Jacksonville Beaches . Four municipalities have retained their own governments since consolidation; these are Baldwin and the three Jacksonville Beaches towns of Atlantic Beach , Neptune Beach , and Jacksonville Beach . Four of Jacksonville's neighborhoods, Avondale , Ortega , Springfield , and Riverside , have been identified as U.S. historic districts and are in

1420-539: The 3rd Florida Infantry . The St. John's Greys, the Milton Artillery, and Company H of 1st Florida Cavalry Regiment were also all formed by men from Jacksonville. Jacksonville was also a key supply point for hogs and cattle shipped from Florida to feed the Confederate forces. The city was blockaded by Union forces, who gained control of nearby Fort Clinch . Though no battles were fought in Jacksonville proper,

1491-749: The Chicago School , championed by Louis Sullivan , and the Prairie School of architecture, popularized by Frank Lloyd Wright . Jacksonville is also home to a notable collection of Mid-Century modern architecture. Local architects Robert C. Broward , Taylor Hardwick , and William Morgan adapted a range of design principles, including International style , Brutalism, Futurism and Organicism, all applied with an American interpretation generally referred to today as Mid-century modern design. The architecture firms of Reynolds, Smith & Hills (RS&H) and Kemp, Bunch & Jackson (KBJ) have also contributed

SECTION 20

#1733106267349

1562-704: The Jacksonville metropolitan area ranks as Florida's fourth-largest metropolitan region. The metropolitan area consists of Clay County, St. Johns County, Nassau County, and Baker County. Jacksonville straddles the St. Johns River in the First Coast region of northeastern Florida, about 12 miles (19 kilometers) south of the Georgia state line (25 mi or 40 km to the urban core/downtown) and 350 miles (560 km) north of Miami . The Jacksonville Beaches communities are along

1633-578: The National Register of Historic Places . According to the Köppen climate classification , Jacksonville has a humid subtropical climate (Cfa), with hot humid summers, and warm to mild and drier winters. Seasonal rainfall is concentrated in the warmest months from May through September, when brief but intense downpours with thunder and lightning are common, while the driest months are from November through April. Rainfall averages around 52 inches (1.3 m)

1704-449: The 28-floor Riverplace Tower . When this tower was completed in 1967, it was the tallest precast, post-tensioned concrete structure in the world. There are more than 500 neighborhoods within Jacksonville's vast area. These include Downtown Jacksonville and its surrounding neighborhoods, including LaVilla , Brooklyn , Riverside and Avondale , Springfield , Eastside , Mandarin , and San Marco . Additionally, greater Jacksonville

1775-479: The American Trust Company shared a building in Charlotte prior to their merger in 1958 as American Commercial Bank . This United States bank–related article is a stub . You can help Misplaced Pages by expanding it . Jacksonville Jacksonville ( US : / ˈ dʒ æ k s ən ˌ v ɪ l / JAK-sən-vihl ) is the most populous city proper in the U.S. state of Florida , located on

1846-488: The Atlantic coast of northeastern Florida . It is the seat of Duval County , with which the City of Jacksonville consolidated in 1968. It was the largest city by area in the contiguous United States as of 2020, and became the 10th largest city by population in 2023. City-county consolidation greatly increased Jacksonville's official population and extended its boundaries, placing most of Duval County's population within

1917-519: The British called the Cow Ford; these names reflected the use of the ford for moving cattle across the river there. The British introduced the cultivation of sugarcane , indigo , and fruits as cash crops on plantations , in addition to exporting lumber. A large number of British colonists who were "energetic and of good character" were given land grants in the region and emigrated to the region, becoming

1988-702: The St. Johns River. Spain ceded Florida to the British in 1763 as part of the Treaty of Paris in the aftermath of the Seven Years' War (known as the French and Indian War on the North American front). The British soon constructed the King's Road connecting St. Augustine to Georgia . The road crossed the St. Johns River at a narrow point, which the Seminole called Wacca Pilatka and

2059-515: The U.S. Marine Corps Blount Island Command , and the Port of Jacksonville (JAXPORT), Florida's largest seaport by volume. Jacksonville's military bases and the nearby Naval Submarine Base Kings Bay form the third largest military presence in the United States. Significant factors in the local economy include services such as banking, insurance, healthcare and logistics. As with much of Florida, tourism

2130-406: The United States, suffered from many negative effects of rapid urban sprawl after World War II . The construction of federal highways essentially subsidized development of suburban housing, and wealthier, better established residents moved to newer housing in the suburbs. After World War II, the government of the city of Jacksonville began to increase spending to fund new public building projects in

2201-633: The acquisition of Bank South Corp for $ 1.6 billion in stock. The deal significantly increased NationsBank's already large presence in Atlanta. In 1996, NationsBank acquired St. Louis –based Boatmen's Bancshares for $ 9.6 billion. The combined bank became the largest in the American South, with assets of $ 225 billion, and 2,600 branches stretching from North Carolina to New Mexico. The following year, NationsBank acquired Florida 's largest bank, Jacksonville -based Barnett Bank , for $ 15.5 billion, increasing

NationsBank - Misplaced Pages Continue

2272-477: The adjacent Atlantic coast. The area was originally inhabited by the Timucua people, and in 1564 was the site of the French colony of Fort Caroline , one of the earliest European settlements in what is now the continental United States. Under British rule , a settlement grew at the narrow point in the river where cattle crossed, known as Wacca Pilatka to the Seminole and the Cow Ford to the British. A platted town

2343-563: The area, and suffered minor damage from Tropical Storm Bonnie , which spawned a minor tornado. Jacksonville also suffered damage from 2008's Tropical Storm Fay , which crisscrossed the state, bringing parts of Jacksonville under darkness for four days. Fay damaged, but did not destroy, the Jacksonville Beach pier that was rebuilt after Floyd. On May 28, 2012, Jacksonville was hit by Tropical Storm Beryl , packing winds up to 70 mph (110 km/h), which made landfall near Jacksonville Beach . Hurricane Matthew passed 37 mi (60 km) to

2414-429: The business district. The Walker Business College was opened c.  1916 in Jacksonville and advertised that it was the largest African American business school in the United States. During World War II , The U.S. Navy became a major employer and economic force, constructing three Navy bases in the city, while the U.S. Marine Corps established Blount Island Command. Jacksonville, like most large cities in

2485-559: The city and county governments merged to create the Consolidated City of Jacksonville. Fire, police, health & welfare, recreation, public works, and housing & urban development were all combined under the new government. In honor of the occasion, then-Mayor Hans Tanzler posed with actress Lee Meredith behind a sign marking the new border of the "Bold New City of the South " at Florida 13 and Julington Creek. The consolidation created

2556-556: The city changed hands several times between Union and Confederate forces. In the Skirmish of the Brick Church in 1862, Confederates won their first victory in the state. However, Union forces captured a Confederate position at the Battle of St. Johns Bluff , and occupied Jacksonville in 1862. Slaves escaped to freedom in Union lines. In February 1864 Union forces left Jacksonville and confronted

2627-463: The city's purchase and refurbishing of the St. James Building , which is now used as Jacksonville's city hall . He was mayor in 1993 when Jacksonville was awarded its National Football League franchise, the Jacksonville Jaguars . They are the only major sports franchise in the city, making Jacksonville one of only two markets (the other one being Green Bay), and the only major city, to have

2698-488: The company's total assets to $ 284 billion. In June 1997, NationsBank acquired Montgomery Securities in a $ 1.2 billion transaction. Montgomery was integrated into the firm's existing broker-dealer, NationsBanc Capital Markets , and the combined subsidiary was renamed NationsBanc Montgomery Securities . In 1998, it acquired BankAmerica Corporation of San Francisco in what was the largest bank merger in American history at

2769-777: The decade, earning Jacksonville the title of "Winter Film Capital of the World". However, the emergence of Hollywood as a major film production center ended the city's film industry. One movie studio site, Norman Studios , remains in Arlington ; it has been converted to the Jacksonville Silent Film Museum at Norman Studios. During this time, Jacksonville also became a banking and insurance center, with companies such as Barnett Bank , Atlantic National Bank , Florida National Bank , Prudential , Gulf Life, Afro-American Insurance, Independent Life and American Heritage Life thriving in

2840-432: The east with winds of 110 miles per hour. It caused storm surge, extensive flooding of the Atlantic Ocean and St. Johns River, and wind damage; the storm knocked out power for 250,000 people. In 2017, Hurricane Irma passed 75 mi (121 km) to the west with 65 mph (100 km/h) winds. It caused severe storm surge and flooding, passing the flood record of Hurricane Dora in 1964. The City of Jacksonville has

2911-523: The first English-speaking population in Florida. These colonists came from England, Georgia, South Carolina and Bermuda. British judges introduced the system of common law to Florida, resulting in the Floridian legal system utilizing concepts such as trial-by-jury , habeas corpus and county-based government. After their defeat in the American Revolutionary War , Britain returned control of

NationsBank - Misplaced Pages Continue

2982-533: The first such damage in the area since 2004. In September 2017, Hurricane Irma caused record-breaking floods in Jacksonville, with a severity not seen since 1846. As has been typical of other metropolitan areas across the country, suburban growth has continued around Jacksonville, where large areas of land were available for development, drawing more residents, businesses and jobs from the city. This has resulted in further demographic changes. The city's largest ethnic group, non-Hispanic white, declined from 75.8% of

3053-675: The first time in 1982, when it purchased Lake City, Florida–based First National Bank of Lake City. McColl became CEO of NCNB the following year. McColl would remain CEO until 2001, usually as president and intermittently as chairman. In 1988, NCNB's assets grew to $ 60 billion after it bought the failed First RepublicBank Corporation of Dallas, Texas from the FDIC . FirstRepublic, the largest bank in Texas, had entered FDIC receivership after filing bankruptcy in March, and

3124-765: The largest urban fire in the southeastern United States. Architect Henry John Klutho was a primary figure in the reconstruction of the city. The first multi-story structure built by Klutho was the Dyal-Upchurch Building in 1902. The St. James Building , built on the previous site of the St. James Hotel that burned down, was built in 1912 as Klutho's crowning achievement. In the 1910s, northern film studios headquartered in New York City, Philadelphia, and Chicago were attracted to Jacksonville's warm climate, exotic landscapes, excellent rail access, and cheap labor. More than 30 silent film studios were established over

3195-436: The merged bank. Only four years later, in 1960, American Commercial merged with Greensboro -based Security National Bank to form North Carolina National Bank (NCNB). Although American Commercial was the nominal survivor, it gave up its North Carolina state charter and took over Security's national charter. In 1969, NCNB reorganized as a holding company, NCNB Corporation. In 1973 Reese was succeeded as CEO by Tom Storrs, who

3266-538: The nation (including Bank of America Plaza in Atlanta and the Bank of America Corporate Center) took Bank of America's name. McColl became chairman and CEO of the merged company with Bank of America's David Coulter as president, but Coulter was quickly forced out in favor of NationsBank executive Ken Lewis . In 2001, McColl handed his remaining posts to Lewis, who began his career at NCNB in 1969. Lewis stepped down in 2009 and

3337-483: The national Timucuan Ecological and Historic Preserve , a University of North Florida team discovered some of the oldest remnants of pottery in the United States, dating to 2500 BCE. In the 16th century, the beginning of the historical era, the region was inhabited by the Mocama , a coastal subgroup of the Timucua people. At the time of contact with Europeans, all Mocama villages in present-day Jacksonville were part of

3408-480: The needed larger geographic tax base to improve services throughout the county. Voters outside the city limits rejected annexation plans in six referendums between 1960 and 1965. On August 27, 1960 , a white mob attacked civil rights demonstrators in Hemming Park with clubs. The police largely stood by. In 1962, a federal court ordered the city to prepare a plan for integration of public schools, in accordance with

3479-475: The new municipal limits; Jacksonville grew to 900 square miles (2,300 km ). As of July 2022 , Jacksonville's population was 971,319, while the population of Duval County was about 1 million. After consolidation, Jacksonville became the most populous city in Florida and the Southeastern United States , and the largest in the South outside the state of Texas. With a population of 1,733,937,

3550-437: The next year turned the presidency of NCNB over to then 39-year-old Hugh McColl , who began an aggressive period of expansion. This was initially a defensive move. At the time, it was feared that the New York City money center banks might devour local Southern banks. It was believed that the only way to prevent this was if the stronger banks in the region became too rich to be taken over. NCNB expanded beyond North Carolina for

3621-472: The population in 1970 to 55.1% by 2010. According to the United States Census Bureau , the city has a total area of 874.3 square miles (2,264 km ), making Jacksonville the largest city in land area in the contiguous United States ; of this, 86.66% (757.7 sq mi or 1,962 km ) is land and 13.34% (116.7 sq mi or 302 km ) is water. Jacksonville completely surrounds

SECTION 50

#1733106267349

3692-458: The postwar economic boom. Mayor W. Haydon Burns ' Jacksonville Story resulted in the construction of a new city hall, civic auditorium, public library and other projects that created a sense of civic pride. Development of suburbs led to a growing middle class who lived outside the urban core. An increasing proportion of residents in Jacksonville's urban core had a higher than average rate of poverty, especially as businesses and jobs also migrated to

3763-533: The powerful chiefdom known as the Saturiwa , centered around the mouth of the St. Johns River . One early French map shows a village called Ossachite at the site of what is now downtown Jacksonville; this may be the earliest recorded name for that area. In 1562, French Huguenot explorer Jean Ribault charted the St. Johns River , calling it the River of May because that was the month of his discovery. Ribault erected

3834-638: The rich and famous. Visitors arrived by steamboat and later by railroad. President Grover Cleveland attended the Sub-Tropical Exposition in the city on February 22, 1888, during his trip to Florida. This highlighted the visibility of the state as a worthy place for tourism. The city's tourism, however, was dealt major blows in the late 19th century by yellow fever outbreaks. Extending the Florida East Coast Railway further south drew visitors to other areas. From 1893 to 1938, Jacksonville

3905-616: The ruling of the Supreme Court in Brown v. Board of Education (1954). A study found schools were in poor condition and poorly equipped. On December 29, 1963, the Hotel Roosevelt fire killed 22 people, the highest one-day death toll in Jacksonville. On September 10, 1964, Hurricane Dora made landfall near St. Augustine , causing major damage to buildings in North Florida. Hurricane Dora

3976-569: The state average spending of $ 372 per student. In 1964 all 15 of Duval County's public high schools lost their accreditation. This added momentum to proposals for government reform. Jacksonville Consolidation , led by J. J. Daniel and Claude Yates , began to win more support during this period, from both inner-city blacks, who wanted more involvement in government after passage of the Voting Rights Act of 1965 , that provided federal oversight and enforcement of their right to vote, and whites in

4047-421: The suburbs, who wanted more services and more control over the central city. Lower taxes, increased economic development, unification of the community, better public spending, and effective administration by a more central authority were all cited as reasons for a new consolidated government. When a consolidation referendum was held in 1967, voters approved the plan with a 65 percent approval. On October 1, 1968,

4118-442: The suburbs. Given the postwar migration of residents, businesses, and jobs, the city's tax base declined. It had difficulty funding education, sanitation, and traffic control within the city limits. In addition, residents in unincorporated suburbs had difficulty obtaining municipal services, such as sewage and building code enforcement. In 1958, a study recommended the city of Jacksonville begin annexing outlying communities to create

4189-570: The territory to Spain in 1783 via the Peace of Paris . The settlement at the Cow Ford continued to grow. After Spain ceded the Florida Territory to the United States in 1821, American settlers on the north side of the Cow Ford decided to plan a town, laying out the streets and plats. They named the town Jacksonville, after celebrated war hero and first Territorial Governor (later U.S. president) Andrew Jackson . Led by Isaiah D. Hart , residents wrote

4260-423: The time. Although NationsBank was the nominal survivor, the merged bank took the better-known Bank of America name, and operates under Bank of America's charter. However, to this day it is headquartered in Charlotte at what is now Bank of America Corporate Center , and retains NCNB/NationsBank's pre-1998 stock price history. With this merger, all of NationsBank's holdings, including some of the tallest buildings in

4331-399: The town of Baldwin . Nassau County lies to the north, Baker County lies to the west, and Clay and St. Johns counties lie to the south. Jacksonville has a coast on the Atlantic Ocean with the Jacksonville Beaches . The city developed along both sides of the St. Johns River . The Trout River , a major tributary of the St. Johns River, is entirely within Jacksonville. Soil composition

SECTION 60

#1733106267349

4402-484: Was 7 °F (−14 °C) on January 21, 1985 . Jacksonville has recorded three days with measurable snow since 1911, most recently a one-inch (2.5 cm) snowfall in December 1989 and flurries in December 2010. Jacksonville has only received one direct hit from a hurricane since 1871. The rarity of direct strikes is attributed to chance. However, the city has experienced hurricane or near-hurricane conditions more than

4473-612: Was a bank formed in Charlotte, North Carolina , on 18 February 1874, which was a predecessor to the American Commercial Bank which then helped form North Carolina National Bank . NCNB changed their name to NationsBank in 1991 and then again to Bank of America in 1999 through a series of mergers and acquisitions . Commercial National "is the oldest national banking institution in North Carolina." Commercial National Bank and

4544-444: Was established there in 1822, a year after the United States gained Florida from Spain; it was named after Andrew Jackson , the first military governor of the Florida Territory and seventh President of the United States. Harbor improvements since the late 19th century have made Jacksonville a major military and civilian deep-water port . Its riverine location facilitates Naval Station Mayport , Naval Air Station Jacksonville ,

4615-422: Was nearly brought down by problem loans in the Washington, D.C. / Northern Virginia market, and was all but forced to merge with NCNB to form NationsBank. This created the largest bank in the Southeast, with assets of $ 118 billion. The merger allowed NCNB/NationsBank to enter Tennessee and Maryland for the first time. At one stroke, it became a major player in Georgia and Virginia , where it previously had

4686-419: Was one of the few landmarks to survive the fire. Governor William Sherman Jennings declared martial law and sent the state militia to maintain order; on May 17, municipal authority resumed. It is said the glow from the flames could be seen in Savannah, Georgia , and the smoke plumes seen in Raleigh, North Carolina . Known as the " Great Fire of 1901 ", it was one of the worst disasters in Florida history and

4757-415: Was replaced by Brian Moynihan —marking the first time that the bank had not been led by someone with roots in NCNB/NationsBank. BankAmerica's broker-dealer, BancAmerica Robertson Stephens , was integrated into NationsBanc Montgomery Securities , and the combined subsidiary was renamed Banc of America Securities , headquartered in Charlotte. Commercial National Bank Commercial National Bank

4828-400: Was seen by an estimated 86 million viewers. The first notable retail transaction involving physical goods was paid on May 22, 2010, by exchanging 10,000 mined BTC for two pizzas delivered from a Papa John's in Jacksonville, Florida. Laszlo Hanyecz, who lives in Jacksonville, created a thread on an online forum offering the bitcoins to anyone who would order him two pizzas. Jeremy Sturdivant,

4899-411: Was the first recorded hurricane to make a direct hit to North Florida. In the mid-1960s, corruption scandals arose among city and some county officials, who were mainly part of a traditional white Democratic network that had dominated politics for the decades since the disenfranchisement of most African Americans at the turn of the 20th century which effectively hollowed out the Republican Party. After

4970-413: Was the largest FDIC bank failure in history. By that time, NCNB had become associated with "mergers, acquisitions, expansion, integration". From 1989 to 1992, NCNB acquired over 200 thrifts and community banks, many of these through the Resolution Trust program . Favorable terms, with the FDIC assuming most of the loan portfolios and absorbing mark-to-market losses, allowed NCNB to expand profitably, and

5041-497: Was the site of the Florida Old Confederate Soldiers and Sailors Home ; it operated a nearby cemetery. On May 3, 1901, downtown Jacksonville was ravaged by a fire that started as a kitchen fire. Spanish moss at a nearby mattress factory was quickly engulfed in flames and enabled the fire to spread rapidly. In a mere eight hours, it swept through 146 city blocks, destroyed over 2,000 buildings, left about 10,000 homeless and killed seven residents. The Confederate Monument in Hemming Park

#348651