NCNB Corporation - North Carolina National Bank - Banking Bond

Stock printed by Security-Columbian Banknote Company. North Carolina National Bank (NCNB), originally known as American Commercial Bank prior to 1960, was an American banking institution headquartered in Charlotte, North Carolina. It emerged as one of the leading banking entities in the United States from the 1960s through the 1990s. During the period from 1974 to 1983, the bank was led by Tom Storrs, who served as both chairman and chief executive officer. The legacy of NCNB would eventually become the foundation for Bank of America. In 1957, American Trust Company, established in 1901, merged with Commercial National Bank, founded in 1876, to create American Commercial Bank in Charlotte, North Carolina. In 1960, American Commercial Bank joined forces with Security National Bank, based in Greensboro, resulting in the formation of North Carolina National Bank. Although American Commercial was the nominal survivor of the merger, the newly formed bank relinquished its state charter to operate under the national charter of the Greensboro institution. In 1969, it underwent a reorganization to become NCNB Corporation.