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Amadeo Pietro Giannini ( Italian pronunciation: [amaˈdɛːo ˈpjɛːtro dʒanˈniːni] ), also known as Amadeo Peter Giannini or A. P. Giannini (May 6, 1870 – June 3, 1949) was an American banker who founded the Bank of Italy, which eventually became Bank of America. Giannini is credited as the inventor of many modern banking practices.
1949 - 3 June - The Modesto Bee - Death Calls A.P. Giannini, Bank of America Head - San Mateo, June 3 - Amadeo Peter Giannini, boy produce peddler who fought his way up to become the world's biggest banker, died today of a heart ailment. He was 78, and had been ill with a cold for a month. Some would say the will to work hard and create success ...
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Bank of America. Bank of America, formerly known as the Bank of Italy, was founded in San Francisco, California, United States, on October 17, 1904, [1] by Amadeo Pietro Giannini. By 1945, it had grown by a branch banking strategy to become the world's largest commercial bank with 493 branches in California and assets totaling $5 billion.
Transamerica Corporation. A.P. Giannini (born May 6, 1870, San Jose, California, U.S.—died June 3, 1949, San Mateo, California) was an American banker, founder of the California-based Bank of Italy—later the Bank of America —which, by the 1930s, was the world’s largest commercial bank. He was a major pioneer of branch banking.
Amadeo Peter Gianini, Courtesy Bank of America. Produce Magnate. Born into a family of Italian immigrants, Giannini knew early tragedy: his father was shot to death by a man who owed him a dollar ...
On November 1, 1930, the Bank of Italy in San Francisco changed its name to Bank of America. The bank today has the same national bank charter number as Giannini's old bank— #13044. When A.P. Giannini died in 1949, the former single-teller office in North Beach claimed more than 500 branches and $6 billion in assets.
Their son Amadeo, born in San Jose in May, 1870, would take his own risks in the world of banking. Bank of Italy As a young man, Giannini succeeded in the wholesale produce business, but grew bored.
