Bank of America (1904-1998)
American bank / From Wikipedia, the free encyclopedia
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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]
Quick Facts Formerly, Company type ...
Formerly | Bank of Italy (1904–1945) |
---|---|
Company type | Public |
Industry | Banking |
Founded | October 17, 1904; 119 years ago (1904-10-17) |
Founder | Amadeo Giannini |
Defunct | September 30, 1998; 25 years ago (1998-09-30) |
Fate | Merged with NationsBank to become the Bank of America Corporation |
Parent | Transamerica Corporation |
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