Academic journal article ABA Banking Journal

"Anything Been Happening Lately?" (Upheaval in Banking) (Editorial)

Academic journal article ABA Banking Journal

"Anything Been Happening Lately?" (Upheaval in Banking) (Editorial)

Article excerpt

So it' s good-bye to Manny Hanny, that delightfully irreverent nickname for a large and very serious banking company.

A lot of bank names have gone by the boards in recent years. That made us wonder what it would be like talking to a former banker who had dropped out of banking in the early 70s and wanted to catch up on the news. The dialog might go something like this:

Manny Hanny is gone?

Well it's not official yet, but for all practical purposes, yes.

It merged with Chemical? That's incredible, they're arch rivals.

Were. You seem a little out of touch, this merger has been rumored for some time.

I've been selling life insurance in New Guinea for 16 years. Next I suppose you'll tell me that Citibank-I'm still not used to that name-and Bank of America have merged.

Not yet. But Bank of New York acquired Irving Trust a couple of years back. And Republic National of New York's been acquiring big New York City savings banks.

How's the other Republic National doing-the one in Dallas?

Let's see, how do I explain this ... it's now called NCNB Texas.

Come again?

Do you remember North Carolina National Bank? It goes by NCNB now and it's about to become NationsBank.

What's a NationsBank?

It's the new name for the bank that will result from the merger of NCNB and C&S/Sovran.

Pardon me?

I forgot, you've been out of touch. C&S/Sovran was the name of the bank that resulted from the merger of Citizens & Southern Corp. and Sovran Corp.

Ok, I remember C&S, but what was Sovran?

That was the new name for the old Virginia National Bank after it merged with F&M Bank, Richmond. But get this: if the NCNB deal goes through, NationsBank will be the third largest banking company in the country, right behind the new Chemical. …

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