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Most notably, Giannini was one of the first bankers to offer banking services to middle-class Americans, mainly Italian immigrants, rather than only the upper class. He also pioneered the holding company structure and established one of the first modern trans-national institutions. [1] Background.
On 18 April 1906 San Francisco was hit by a devastating earthquake and fire; before the bank building burned down, Amadeo Giannini was able to move the vault’s money and records to his home in San Mateo, some 18 miles away.
In 1904, Giannini opened the Bank of Italy -- directly across the street from Columbus Savings and Loan. He went door-to-door and stopped people on the street to explain what his bank could...
- American Experience
Feb 20, 2023 · Amadeo Peter Giannini left behind a legacy that is a point of pride for all Americans and proved utopian dreams can come true. He was the founder of Bank of Italy which later became Bank of America, now one of the largest banks in the United States.
Amadeo Peter Giannini was born on May 6, 1870 in San Jose, California. Known affectionately as “A.P.,” Giannini was not only an innovator in banking, but also a man with remarkable integrity and extraordinary faith in human character.
Born to Take Risks. Amadeo Peter Giannini has been called "America's banker." His Italian father traveled home from the California gold fields, then brought a Genoese bride back to San Jose in...
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Jul 25, 2014 · While the big bankers wrung their hands, Giannini put his bank to work, affording average San Franciscans the means to begin rebuilding the city. Giannini made loans based on his knowledge of the borrowers’ character, not their credit reports.
