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Amadeo Pietro Giannini (Italian pronunciation: [amaˈdɛːo ˈpjɛːtro dʒanˈniːni]), also known as Amadeo Peter Giannini or A. P. Giannini (May 6, 1870 – June 3, 1949) was an American banker who founded the Bank of Italy, which eventually became Bank of America. Giannini is credited as the inventor of many modern banking practices.
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.
Amadeo Peter Giannini, or A.P. as he was known, established the Bank of Italy in 1904 in the North Beach district of San Francisco. He initially made his money as a commission merchant and produce dealer for farms in the Santa Clara Valley, but found banks uninterested in being in business with farms, so he decided to open his own bank.
Monnette's intention was to build capital for national expansion with Amadeo Giannini, founder of San Francisco-based Bank of Italy, as a minority investor. Giannini had founded the Bank of Italy on October 17, 1904. [4] In 1928, Giannini approached Monnette about pursuing a merger with BoA; both were concerned about the state of the American ...
It was built as the Los Angeles headquarters of the Bank of Italy, a forerunner to Bank of America founded by Amadeo Giannini. [4] It was designed by the architectural firm Morgan, Walls & Clements, [3] in the Neoclassical architectural style with "Doric columns, ornate golden ceiling and marble floors."
Bank of America, National Trust and Savings Association (NT&SA) was the primary bank subsidiary of BankAmerica Corp. Amadeo Giannini chose this unusual extension for the bank's name in order to highlight its multiple functions when it converted from a state charter to a national one.
Claire Giannini (c. 1920) in center with parents and brothers Lawrence and Virgil. Claire Giannini Hoffman (December 30, 1904 – December 20, 1997) was the first woman to serve on the boards of Bank of America and Sears, Roebuck & Company. She also was the only woman guest invited at international bank conference events for some two decades.
Giannini is a surname of Italian origin. The name refers to: Adriano Giannini (born 1971), Italian actor and voice actor, son of Giancarlo; Amadeo Giannini (1870–1949), Italian-American banker; founder of Bank of America; Dusolina Giannini (1902–1986), Italian-American opera soprano; Eli Giannini (born 1956) Australian architect