User:Vchimpanzee/Ed Crutchfield
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Edward Elliott "Ed" Crutchfield[1] (July 14, 1941 – January 2, 2024[2]) was the president and later CEO of First Union Bank in Charlotte, North Carolina who led the bank's growth from $5 billion in assets to $250 billion in assets at his retirement in March 2001.[1] He was known for his rivalry with Hugh McColl, CEO of NationsBank, which became Bank of America, though both men worked together on improvements to the city of Charlotte.[3]
Crutchfield was born in Detroit and grew up in Albemarle, North Carolina. He graduated from Davidson College and the Wharton School of Business of the University of Pennsylvania.[1] At age 23, he became a bond trader at First Union. In 1973[3] at the age of 32, Crutchfield became the youngest president of a major U.S. bank.[1] He succeeded Cliff Cameron as CEO in 1984.[3] Crutchfield retired from First Union on March 2001[1] at age 59 due to lymphoma, shortly before that bank's merger with Wachovia.[3]
References
[edit]- ^ a b c d e "Former Davidson College Board of Trustees Chair and Banking Industry Leader Edward Crutchfield '63 Dies". Davidson College. January 3, 2024. Retrieved January 4, 2024.
- ^ "Edward E. Crutchfield Sr". legacy.com. Retrieved January 10, 2024.
- ^ a b c d "Longtime First Union bank CEO Ed Crutchfield, an influential force in Charlotte, dies". The Charlotte Observer. January 3, 2024. Retrieved January 4, 2024.