NationsBank and BankAmerica Merge
September 30, 1998
"NationsBank Corp. and BankAmerica Corp. today formally completed their merger, creating the largest bank in the United States," the Charlotte Business Journal reported.
The resultant company is a financial colossus. "The merged company holds a leading 8 percent of the nation's bank deposits. It is also the largest lender to individuals and businesses. The company has a relationship with 30 million, or one of three, American households and more than 85 percent of the Fortune 500 businesses.