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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.
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.
Feb 20, 2023 · In 1906, the catastrophic earthquake of San Francisco destroyed the bank yet Giannini managed to salvage gold and cash and move it to safety. Soon after the earthquake, he opened a makeshift bank, advertising “Loans as before, more than before!”. As a result, San Francisco’s Italian quarter, North Beach, was the first neighborhood to be rebuilt.
Dec 7, 1998 · Daniel Kadlec. December 7, 1998 12:00 AM EST. L ike a lot of folks in the San Francisco area, Amadeo Peter Giannini was thrown from his bed in the wee hours of April 18, 1906, when the Great...
Only a few years later, in 1928, Giannini bought the Bank of America and consolidated his vast bank holdings. Confidence Builder San Francisco benefited from Giannini's commitment again during the ...
Nov 6, 1994 · Giannini continued to expand during the desperate 30's, so that by 1945 the Bank of America was the largest bank in the world. Such tremendous success brought enemies with it, whose...
On the morning of April 18, 1906, a massive earthquake hit San Francisco. The ensuing fires burned down the large banks. Their superheated metal vaults could not be opened for weeks—lest the cash and paper records catch fire when oxygen rushed in. As flames threatened his one-room bank, Giannini spirited $80,000 in coins out of town.
