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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. [2] History.
Located in front of a mid-century modern style Bank of America branch (formerly a Bank of Italy location) at 300 S. El Camino Real in San Mateo, California. In 1963, he was inducted into the Hall of Great Westerners of the National Cowboy & Western Heritage Museum.
- A. P. Giannini
- 6, including Claire Giannini Hoffman
- Clorinda Cuneo
- Holy Cross Catholic Cemetery
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Amadeo Peter Giannini. Bank of America. 1904–1936. Industry: Finance. Era: 1900. Giannini grew Bank of America into the world’s largest bank. Three years after surviving the San Francisco earthquake of 1906, Giannini’s banking operations expanded by opening its first branch in San Jose.
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 Gianini,...
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 mid-1869, via...
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 Great Depression. Giannini urged the city's hard-pressed citizens to put money in any bank they could, to make it work for the community at large.
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.
