Thomas Storrs, Who Set Stage for Bank of America, Dies at 93

Thomas Storrs, whose determination to expand North Carolina National Bank beyond state borders laid the foundation for today’s Bank of America Corp. (BAC), has died. He was 93.

Storrs died Feb. 10 in Charlotte, North Carolina, according to a notice in The State newspaper of Columbia, South Carolina. No cause was given.

As chairman and chief executive officer from 1974 to 1983 of NCNB Corp., the Charlotte-based parent of North Carolina National Bank, Storrs set his sights on challenging federal laws that generally limited a bank’s operations to its home state.

Source: Bloomberg