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Records of Allen L. Lastinger, Jr., President and COO, 1973-1998.
Amount:
2.00 cubic ft.
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Biographical/Historical:
Allen L. Lastinger, Jr. was born in 1942 in Atmore, Alabama. After graduating from the University of Florida in 1965 with a bachelor's degree in business administration, he worked for the Shell Oil Company as an area sales manager from 1965-1966. He then served in the U.S. Navy from 1966-1970 as an intelligence officer. After his naval service, Lastinger went back to the University of Florida and received his master's degree in business administration before a long and distinguished career with Barnett Banks beginning in 1971.
From 1972 to 1975, Lastinger focused on identifying potential acquisitions and sites for new banks. In 1975, he became the bank manager of a new Barnett Bank location in Gainesville, Florida, at a site that he had chosen. After his impressive performance in Gainesville, Lastinger advanced to executive vice president of community banking of the parent company and given day-to-day control of the system's lead bank in Jacksonville. In 1982, he became senior vice president in charge of all of Barnett's smaller banks.
In the 1980s Barnett Banks went through several reorganizations. Barnett adopted a "controlled autonomy" system of management in which the bank's activities were divided among four vice chairmen, one of whom was Lastinger. In 1988, Albert D. Ernest became president and Lastinger became chief banking officer. When Ernest retired on January 1, 1991, Lastinger became president and chief operating officer (COO). Along with Charles Rice, chairman and chief executive officer (CEO) of Barnett Banks, Lastinger attempted to maintain Barnett Bank's independence as the last major independent Florida bank holding company.
In 1997 in a $15.5 billion-dollar deal, the largest in the history of banking industry at that time, NationsBank acquired Barnett Banks, Inc. and Lastinger became chairman and chief operating officer for NationsBank Corporation's Florida operations during the transitional period. On February 28, 1998, he retired from NationsBank after 27 years at Barnett Banks, seven of them as president and COO.
Summary:
This collection contains correspondence, memoranda, reports, studies, speeches, newspaper clippings, magazine articles, and miscellaneous materials detailing the career of Allen L. Lastinger, Jr. as president and chief operating officer (COO) of Barnett Banks.
The speeches range from 1981 to 1998 and discuss many topical issues that were important in Florida banking during this period including branch banking, corporate objectives, commercial real estate, retail strategy, regional banking, and bank mergers. The studies and reports also cover many of the critical issues in Florida's banking industry during the 1980s and 1990s such as branch banking, consolidation, and duplication; interstate banking; retail strategy; and strategic planning. In addition, there are some newspaper clippings and miscellaneous materials that detail Lastinger's career with Barnett Banks through the acquisition of Barnett by NationsBank.
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Folder listing available. 0
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General Note:
This collection was arranged and described from materials obtained from Barnett Banks, Inc. when the Barnett Bank records were transferred to the Florida State Archives between 1999 and 2002.
Electronic Records Access:
Subject Access Fields:
Lastinger, Allen L., 1942- Rice, Charles E. 1936- (Charles Edward),
Barnett Banks Barnett Banks of Florida
Bank management Florida. Bank mergers Florida Banks and banking History Florida.
for detailed listing.