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The Bank of Italy Building, also known as the Clay-Montgomery Building, is a building in San Francisco, California. [2] This eight-story building became the headquarters of A. P. Giannini's Bank of Italy (precursor to the Bank of America) in 1908 after the 1906 San Francisco earthquake and fire destroyed the original bank building on Montgomery Avenue (now Columbus Avenue) in the nearby ...
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.
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Giannini founded the Bank of Italy in the Jackson Square neighborhood of San Francisco on October 17, 1904. [6] The bank was based in a converted saloon as an institution for the "little fellow". It was a new bank for the hardworking immigrants other banks would not serve. Deposits on the first day totaled $8,780. [7]
The history of Bank of America dates back to October 17, 1904, when Amadeo Pietro Giannini (1870–1949) founded the Bank of Italy, in San Francisco. [14] In 1922, Bank of America, Los Angeles was established with Giannini as a minority investor.
The Charles Dietle House was designed by architect Henry Geilfuss in 1878, for German-born custom boot maker Charles Dietle. [4] [5] [6] After the 1906 earthquake and fire, the house was in relatively good condition and was sold to John DeMartini, a local fruit and veggie commission merchant and a director of the Bank of Italy (which later became Bank of America).
It is made of bricks from the Livermore Fire Brick Company, with marble floors. When first opened, it functioned as the San Francisco's Bank of Italy's 13th branch till 1957. The building then became The City of Livermore's City Hall from 1957 to 1978. The building later became Bank of America's thirteenth branch till 1991.
The site of the building was the original location for the Bank of Italy, founded in 1904 by A. P. Giannini. [4] During the 1906 San Francisco earthquake, the building was destroyed. In 1913, the two-story building was commissioned by philanthropist Elise Drexler (1866–1951), and was designed by architects Reid & Reid in the Classical Revival ...