Printer Friendly

NATIONSBANK ANNOUNCES MANAGEMENT TEAM FOR MID-ATLANTIC BANKING GROUP

 ATLANTA, June 15 /PRNewswire/ -- With the MNC Financial Inc. (NYSE: MNC) merger continuing on schedule, NationsBank (NYSE: NB) today announced the senior management team for its new Mid-Atlantic Banking Group, which will combine existing NationsBank and MNC activities in Maryland, the District of Columbia, and northern Virginia.
 Frank P. Bramble, currently president and chief executive officer of MNC Financial, will have nationwide authority in several areas. He will report directly to Ken Lewis, president of the General Bank for NationsBank. Bramble will also be chairman of NationsBank Maryland and will continue to be based in Baltimore.
 "Our customers need to know that NationsBank makes banking decisions with local executives," Lewis said. "No one knows the Maryland marketplace better than Frank Bramble. I feel certain he will successfully expand our current customer relationships, as well as bring in new clients for NationsBank."
 J. Harold Chandler, currently president of NationsBank Metro D.C., will be president of the Mid-Atlantic Banking Group, which includes Maryland, the District of Columbia and northern Virginia. Chandler will have offices in Baltimore and Washington and will report to Lewis.
 "Harold has done a remarkable job managing this region for NationsBank, particularly during some trying economic times," said Lewis. "With the local economy continuing to improve, Harold can utilize the combined resources of NationsBank and MNC to increase our loan portfolio throughout the region."
 The Mid-Atlantic Banking Group includes the following executives and functions:
 -- Susan Keating will be president of NationsBank Maryland and will
 also be in charge of Consumer Banking, which includes the large
 urban markets for the region. She currently manages Regional
 Banking for MNC.
 -- Jeff Maddox will head Professional & Executive and Business
 Banking and report to Keating. Maddox currently manages the
 Baltimore/Counties division of regional banking for MNC.
 -- Chuck Baynard will head Community Banking. He currently is a
 regional Consumer Banking executive managing the Capital region
 for NationsBank.
 -- Bill Hodges will head Commercial Banking. He currently manages
 Commercial Banking for NationsBank in the region.
 -- Jeff Olingy will head Administration. Olingy currently is the
 Consumer Banking executive for NationsBank in Metro D.C.
 Lewis said Bramble will have three major areas of responsibility:
 -- He will be in charge of key projects to improve the profitability
 of the banking groups in all nine states that make up NationsBank
 and perform the same task for the Financial Product subsidiaries
 of NationsBank. These include Card Services, Mortgage, Retail
 Finance, Insurance, Dealer Finance Services and Specialty
 Products.
 "It is imperative that NationsBank take advantage of Frank's
 financial acumen," said Lewis. "He has been responsible for the
 improvement in MNC's financial condition during the past 12 to 18
 months and he can now bring this expertise to the bottom line at
 NationsBank."
 -- Second, Bramble will continue to lead the NationsBank-MNC merger
 team. "It will be Frank's responsibility to take two strong
 organizations in the Mid-Atlantic Region and combine them into
 the strongest unit possible," said Lewis. "He is clearly the
 best executive to do that because of his extensive merger
 background."
 -- Third, as chairman of NationsBank Maryland, Bramble will be the
 NationsBank Senior Banking Executive for the state.
 Lewis also said that Walter Fatzinger will be president of the NationsBank for the District of Columbia and will also be Senior Trust Executive for the Mid-Atlantic market. He will have responsibility for all personal trust administration in the region and report to David Fisher, national Personal Trust Executive for NationsBank. Fatzinger is currently the president of American Security Bank and Security Trust Company, MNC's trust subsidiary.
 Lewis said other management announcements in the Mid-Atlantic Banking Group and other customer groups will be made shortly.
 The merger, which was approved by MNC shareholders last week, is currently under review by regulatory authorities. The transaction is expected to be completed by Sept. 30.
 NationsBank is the fifth-largest banking company in the United States with $121 billion in assets and full-service banking centers in nine states and the District of Columbia.
 -0- 6/15/93
 /CONTACT: Elison Clary, 704-386-8633, or Scott Scredon, 404-607-5225, both of NationsBank/
 (NB MNC)


CO: NationsBank Corporation; MNC Financial Inc. ST: Maryland, Virginia, District of Columbia IN: FIN SU: PER

RA-BN -- AT014 -- 2261 06/15/93 15:34 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 15, 1993
Words:699
Previous Article:ATLANTA ATTORNEY ELECTED TO WEYERHAEUSER BOARD OF DIRECTORS
Next Article:STANDARD COMMERCIAL REPORTS SALES AND EARNINGS IN LINE WITH PRELIMINARY RESULTS PREVIOUSLY ANNOUNCED FOR FISCAL 1993
Topics:


Related Articles
SENIOR MANAGEMENT TEAMS NAMED FOR NATIONSBANK FLORIDA
NCNB FLORIDA PRESIDENT ANNOUNCES NATIONSBANK FLORIDA SENIOR MANAGEMENT TEAM; TAMPA TO BE HEADQUARTERS
NATIONSBANK SOUTH CAROLINA SENIOR MANAGEMENT TEAM NAMED
NATIONSBANK MANAGEMENT STRUCTURE ANNOUNCED
NATIONSBANK NAMES JIM CASSADY SENIOR BANKING EXECUTIVE IN BROWARD COUNTY
NATIONSBANK ANNOUNCES FLORIDA PROMOTIONS
NATIONSBANK FLORIDA NAMES H. MICHAEL DYE TO ITS BOARD OF DIRECTORS
NATIONSBANK ANNOUNCES KEY POSITIONS FOR FLORIDA EXECUTIVE MANAGEMENT TEAM
NATIONSBANK ANNOUNCES MANAGEMENT CHANGES
NATIONSBANK VICE CHAIRMAN JAMES W. THOMPSON TO RETIRE JAN. 31

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters