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May 14, 2018 · GIANNINI, AMADEO PETER. Widely recognized as the father of modern banking, A.P. Giannini (1870 – 1949) built the world's largest privately held bank, the Bank of America, by lending to ordinary citizens solely on "a man's face and signature." He pioneered mortgages for working class homeowners and loaned as much as $300 or as little as $10 to ...
May 21, 2018 · Amadeo Peter Giannini was born May 6, 1870, in San Jose, California, to Virginia and Luigi Giannini, immigrants from Genoa. The Gianninis possessed enough resources to lease a hotel in San Jose. After several years of successful hotel-keeping, Luigi purchased a 40-acre farm. He was killed in 1877 by a disgruntled worker in a quarrel over a one ...
Jun 2, 2022 · Giannini placed a bag of gold prominently on the “desk” and announced grandly that “We are going to rebuild San Francisco.” Then Giannini began making loans “on a face and a signature” to people who wanted to rebuild. Giannini was taking a risk but was an inspiring one. He said “we” will rebuild the city. He backed his words ...
Jan 22, 2023 · Amadeo Pietro Giannini had seen disaster before. He’d survived an earthquake, the stock market crash and world war. ... Giannini was already a wealthy man when he started the Bank of Italy in ...
Click on the image to take a virtual tour. In 1904 San José native Amadeo Peter Giannini started the Bank of Italy in San Francisco. A. P. Giannini’s bank became Bank of America in 1930 and his practices revolutionized the banking industry with a commitment to previously underserved members of the community such as the working class, immigrant populations, and small businesses.
The son of Italian immigrants, Amadeo Pietro Giannini was born in San Jose, California in 1970. His father had been fatally shot when Giannini was only 7 years old. When he turned 13, he left school to work at his stepfather’s produce business and later became a produce broker. At the age of 22, he married Florinda Agnes Cuneo, who was also ...
