Search results
Results from the WOW.Com Content Network
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.
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.
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.
Hugh L. McColl Jr. (born 18 June 1935) is a former business executive who was the CEO of NationsBank [1] and the former chairman and the first CEO of Bank of America.Active in banking since around 1960, McColl was a driving force behind consolidating a series of progressively larger, mostly Southern banks, thrifts and financial institutions into a super-regional banking force, "the first ocean ...
Bank of America Private Bank (formerly U.S. Trust) was founded in 1853 as the United States Trust Company of New York. [1] It operated independently until 2000, when it was acquired by Charles Schwab, and Co. [2] and subsequently sold to, and became a subsidiary of, Bank of America in 2007. [3]
Orra Eugene Monnette Founder Bank of America Los Angeles. Orra Eugene Monnette (1873–1936) was an attorney, author and banker.
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.
Bank of America would eventually complete the acquisition for $2.5 billion. The acquisition has since been characterized as "the worst deal in the history of American finance" with a total cost that may exceed $40 billion due to Countrywide's real estate losses, legal expenses and settlements with state and federal agencies.