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- The 1906 San Francisco earthquake and fires leveled much of the city. In the face of widespread devastation, Giannini set up a temporary bank, collecting deposits, making loans, and proclaiming that San Francisco would rise from the ashes.
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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.
After the earthquake and fire of 1906, his bank, the only one to survive the catastrophe with all its assets intact, was the first to reopen. It helped San Francisco rise from the ashes by making loans “on a face and a signature” to the small businesses and people whose lives were shattered.
After the devastating earthquake in April 1906, looters roamed the streets of San Francisco. Rescuing gold and silver from his small Bank of Italy, A.P. Giannini gained fame by setting up a makeshift bank on a North Beach wharf and making loans to local residents "on a handshake."
A.P. supported causes he believed in and followed his instincts with memorable results: In 1906, when the great earthquake struck San Francisco, he personally rescued the bank’s gold and currency, and his was the first bank to resume operations. When Walt Disney ran $2 million over budget on Snow White, Giannini loaned the essential funds.
Immediately after the earthquake, but before the approaching fire burned the city, he moved the vault's money to his home outside the fire zone in then-rural San Mateo, 18 miles (29 km) away. A garbage wagon was used to haul the money, hidden beneath garbage.
Aug 16, 2013 · Directly after the earthquake happened in the very early hours of the morning, Giannini went and sifted through the rubble of his building and gathered $2 million into a garbage man’s wagon, owned by Giobatta Cepollina whose son would go on to work for Bank of America because of a promise made by Giannini to Cepollina in exchange for use of ...
Amadeo Gianini. A native of San Jose, California, Amadeo Peter Giannini became a true booster of the San Francisco region and the financial guarantor of the Golden Gate Bridge. Amadeo Peter ...
