C&S merged with Sovran Bank in 1990 to form C&S/Sovran in hopes of fending off a hostile takeover attempt by NCNB Corporation. Only a year later, however, C&S/Sovran merged with NCNB to form NationsBank, which forms the core of today's Bank of America.
C&S merged with Sovran Bank in 1990 to form C&S/Sovran, aiming to prevent a hostile takeover by NCNB Corporation. A year later, C&S/Sovran merged with NCNB to create NationsBank, which is the foundation of today's Bank of America.