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Home. About. Who We Are. History. 1866-1913. Bank of America: The Humble Beginnings of a Large Bank. Share This Page: After the devastating earthquake in April 1906, looters roamed the streets of San Francisco.
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.
Public Company. Incorporated: 1904 as Bank of Italy. Employees: 54,369. Assets: $180.64 billion. Stock Exchanges: New York Pacific Midwest. SICs: 6712 Bank Holding Companies; 6021 National Commercial Banks. Company History: When BankAmerica merged with Security Pacific Corporation in 1992, it became the nation's second-largest bank.
Bank of America was created in October 17, 1904. However, it was not called Bank of America yet. It was called Bank of Italy. Bank of Italy was created by Amadeo Pietro Giannini in San Francisco. A different bank, which was called Bank of America, was created in 1922, in Los Angeles.
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.
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.
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).
