U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > General U.S.
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 11-08-2009, 10:26 PM
 
Location: metro ATL
8,190 posts, read 12,329,638 times
Reputation: 2698

Advertisements

Quote:
Originally Posted by Brickmama View Post
I used to work at BofA. If they were to ever ditch Charlotte for NY it would be a severe blow to the Charlotte economy and pride. BofA practically owns and runs Charlotte.
It wouldn't really be a blow to our local economy; many jobs would still be here in Charlotte. Just the top brass would relocate. It would hurt our pride more than anything.
Reply With Quote Quick reply to this message

 
Old 11-21-2009, 09:33 AM
 
1 posts, read 1,332 times
Reputation: 10
Just to be clear on this...Nations Bank from Charlotte bought out what was "Bank America" and then we renamed it....."Bank of America".

Regards,

A friend from Charlotte
Reply With Quote Quick reply to this message
 
Old 11-21-2009, 03:50 PM
 
Location: Zurich, Switzerland/ Piedmont, CA
32,367 posts, read 55,164,890 times
Reputation: 15433
Quote:
Originally Posted by mcarson01 View Post
Just to be clear on this...Nations Bank from Charlotte bought out what was "Bank America" and then we renamed it....."Bank of America".

Regards,

A friend from Charlotte
Just to be clear, It was always called Bank of America. You didnt rename it.
Reply With Quote Quick reply to this message
 
Old 11-22-2009, 11:19 AM
 
1,247 posts, read 3,430,254 times
Reputation: 556
Interesting thread.

If BofA left, it would be a BIG deal. Huge. It would show that the south is losing its viability, many jobs would leave, ghettoization of the 'burbs would begin, and Detroitization would start in full swing. It would be interesting how the south, with a small tax base and very limited resources, would begin to cope.

High-Tax region?
End of Conservative economic policy?
Movement of foreign investment?
Rise in cost of living?

Only time will tell.
Reply With Quote Quick reply to this message
 
Old 11-22-2009, 01:08 PM
 
Location: Somewhere in the universe
2,161 posts, read 3,988,881 times
Reputation: 1434
What does that have to do with the rest of the south?
Reply With Quote Quick reply to this message
 
Old 11-22-2009, 09:19 PM
 
Location: City of Angels
1,287 posts, read 4,651,888 times
Reputation: 662
Quote:
Originally Posted by mcarson01 View Post
Just to be clear on this...Nations Bank from Charlotte bought out what was "Bank America" and then we renamed it....."Bank of America".

Regards,

A friend from Charlotte
And to add further clarification, it was technically a merger not a "buy out" and under the terms of that merger it was agreed that the successor institution would assume the Bank of America name and be headquartered in Charlotte.
Reply With Quote Quick reply to this message
 
Old 11-22-2009, 09:27 PM
 
Location: Crown Town
2,742 posts, read 5,994,650 times
Reputation: 1667
Quote:
Originally Posted by Daytonnatian View Post
Interesting thread.

If BofA left, it would be a BIG deal. Huge. It would show that the south is losing its viability, many jobs would leave, ghettoization of the 'burbs would begin, and Detroitization would start in full swing. It would be interesting how the south, with a small tax base and very limited resources, would begin to cope.

High-Tax region?
End of Conservative economic policy?
Movement of foreign investment?
Rise in cost of living?

Only time will tell.
Charlotte would still be home to seven Fortune 500 companies. And the city is still growing. Charlotte's not a city like, say, Dayton, OH who just lost their only Fortune 500 company. That was the final nail in the coffin for that city, which has been declining for years: Ohio grapples with loss of NCR - Atlanta Business Chronicle:
Reply With Quote Quick reply to this message
 
Old 11-24-2009, 09:42 AM
 
Location: Atlanta
7,732 posts, read 12,152,690 times
Reputation: 2774
Quote:
Originally Posted by Daytonnatian View Post
Interesting thread.

If BofA left, it would be a BIG deal. Huge. It would show that the south is losing its viability, many jobs would leave, ghettoization of the 'burbs would begin, and Detroitization would start in full swing. It would be interesting how the south, with a small tax base and very limited resources, would begin to cope.

High-Tax region?
End of Conservative economic policy?
Movement of foreign investment?
Rise in cost of living?

Only time will tell.
LOL! This is obviously nothing more than wishful thinking on your part.

Delete the rise in cost of living, and you have described Dayton to a T.
Reply With Quote Quick reply to this message
 
Old 11-24-2009, 09:51 AM
 
Location: Denver
6,628 posts, read 12,508,413 times
Reputation: 4054
Quote:
Originally Posted by johnatl View Post
LOL! This is obviously nothing more than wishful thinking on your part.

Delete the rise in cost of living, and you have described Dayton to a T.
haha exactly.
Reply With Quote Quick reply to this message
 
Old 11-24-2009, 09:59 AM
 
Location: metro ATL
8,190 posts, read 12,329,638 times
Reputation: 2698
Quote:
Originally Posted by Daytonnatian View Post
Interesting thread.

If BofA left, it would be a BIG deal. Huge. It would show that the south is losing its viability, many jobs would leave, ghettoization of the 'burbs would begin, and Detroitization would start in full swing. It would be interesting how the south, with a small tax base and very limited resources, would begin to cope.

High-Tax region?
End of Conservative economic policy?
Movement of foreign investment?
Rise in cost of living?

Only time will tell.
Charlotte no longer being the headquarters for BOA is not the same thing as the bank itself uprooting all operations and moving elsewhere. We would still be a hub for the bank and have thousands of jobs located here; just the top brass would move. It would be nothing like the NCR situation in Dayton where practically everything is leaving for Georgia. Furthermore, we're still getting announcements of companies relocating to Charlotte and prospects of headquarters relocations on a constant basis. So no, there's no "Detroitization" here.

And as someone else said, what does this have to do with the South in general?
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > General U.S.
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top