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History. The oldest parts of our company extend back 240 years. Since that time, we’ve come together from many sources to become what we are today: A company united in our purpose to help make financial lives better through the power of every connection.
Bank of America has a long and rich history of serving customers and communities across the world. Learn more about the milestones and achievements that shaped our company and our vision for the future.
• 1904: A.P. Giannini founded Bank of Italy, later renamed Bank of America, to support clients and small business owners overlooked by other banks at the time. • 1919: Charles Merrill hired Anne Grimes, the first woman to become a bonds salesperson in the U.S. • 1947: Our first locations opened in Asia Pacific, in the Philippines and Japan.
This timeline outlines the history of Bank of America and key events in its expansion into a national bank, split into three eras: Early History (1904-1960s), National Expansion (1960s-1990s), and Recent History (1998-Present).
The bank was founded by the merger of NationsBank and Bank of America in 1998. It is the second-largest banking institution in the United States and the second-largest bank in the world by market capitalization, both after JPMorgan Chase. Bank of America is one of the Big Four banking institutions of the United States.
history of Bank of America Corporation. In Bank of America. …Amadeo Peter Giannini opened the Bank of Italy in San Francisco. It eventually developed into the Bank of America and was for a time owned by Giannini’s holding company, Transamerica Corporation. It issued the first bank credit card, BankAmeriCard, in 1958.
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Born in 1870 in San Jose to immigrant parents, Giannini's business career began in San Francisco at age twelve, working for his stepfather's wholesale business, handling produce, fruits, and dairy products. The young man traveled the length of the state, making contacts and building a strong reputation.
