Career
From 1962 to 1977,Hodges worked for North Carolina National Bank alongside Hugh McColl,eventually rising to the position of chairman. [2] [1] The bank eventually became NationsBank and later Bank of America. [3]
Hodges entered politics in 1978,running for the nomination of the Democrats in the United States Senate election in North Carolina,1978. He won the first round of the primary,with 40% of the vote,but,having failed to receive the 50% required to win on the first ballot,lost to populist North Carolina Commissioner of Insurance John Ingram with only 46% in the run-off.
Between 1980 and 1981,Hodges was the first United States Deputy Secretary of Commerce,appointed by Jimmy Carter. [1] Previously Under Secretary of Commerce,he had been tapped to replace Juanita M. Kreps as United States Secretary of Commerce,but,after a spell as Acting Secretary,the job went to Philip Klutznick,and the new Deputy Secretary position was created for him. [4]
From 1980 to 1990,he was chairman of Washington Bancorp,the parent company of The Bank of Washington. [5]
Later,Hodges owned the Hotel Santa Fe in Santa Fe,New Mexico. [2]
In 2016,Hodges wrote a book,Bank Notes:An Inside Look at the Launching of North Carolina's Banking Ascendancy and a Commentary on the Current New World of Banking. [3]
Hodges also is a former member of the Board of Governors of the University of North Carolina and is a past chairman of the College of Santa Fe. He has also served as a trustee of American University and of Johnson C. Smith University. He is a director of Homeowners of America Insurance Corporation,Atmocean,Inc.,and H&H Medical Technologies. He has also served as a member of the board of directors of the North Carolina State Ports Authority. [6]
Political contributions
Hodges began his political career as a Democrat,but later changed to Republican. In 2004,Hodges contributed more than $30,000 to Republican candidates including George W. Bush,Dick Cheney,and Senator Richard Burr. In 2012,Hodges contributed over $51,000 to Republican candidates and organizations including Mitt Romney,Renee Ellmers,(R-NC) and Virginia Foxx (R-NC). [7]
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