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The Bank of America, Los Angeles, [1] was established in 1923 by Orra E. Monnette, emerging from a series of mergers between Los Angeles–based banks between 1909 and 1923. The formation of BoA L.A. predates the creation of the Bank of America, merging with the Bank of Italy in 1928-29, which formed Bank of America .
Bank of America Plaza, formerly Security Pacific Plaza, is a 55-story, 224.03 m (735.0 ft) class-A office skyscraper on Bunker Hill, Los Angeles, California.It was completed in 1974 with the headquarters of Security Pacific National Bank, Capital Group Companies and Sheppard, Mullin, Richter & Hampton as its main tenants.
The Bank of America Building was built in 1914 as a four-story apartment complex, [1] with a Bank of America branch on the ground floor and apartments above. [2] Charles E. Toberman was the developer. [3] [4] In 1935, Morgan, Walls & Clements remodeled the building into a one-story Beaux Arts styled bank.
In 1909, the bank began opening branches in other cities, beginning with San Jose. [4] It had 24 branches by 1918, [5] at which time it was the first statewide branch banking system. The Bank of Italy merged with the smaller Bank of America, Los Angeles in 1928. [2] In 1930, Giannini changed the name from "Bank of Italy" to "Bank of America".
In 1975, Security Pacific Bank constructed a 55-story tower in downtown Los Angeles, now known as Bank of America Plaza. In 1978, computer consultant Stanley Rifkin learned the electronic codes Security Pacific used to telegraph funds to other banks.
On June 14, 1995, Phillips and Mătăsăreanu ambushed a Brink's armored car in Winnetka, Los Angeles, killing one guard, Herman Cook, and seriously wounding another. [21] In May 1996, they robbed two branches of Bank of America in the San Fernando Valley area of Los Angeles, stealing approximately US$1.5 million.
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