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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.
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.
The Mexican Empire (Spanish: Imperio Mexicano, pronounced [imˈpeɾjo mexiˈkano] ⓘ) was a constitutional monarchy and the first independent government of Mexico. It was also the only former viceroyalty of the Spanish Empire to establish a monarchy after gaining independence .
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 Castillo, Chichen Itza, Mexico, ca. 800–900 CE Panel 3 from Cancuen, Guatemala, representing king T'ah 'ak' Cha'an. Large and complex civilizations developed in the center and southern regions of Mexico (with the southern region extending into what is now Central America) in what has come to be known as Mesoamerica.
Difficulties financing the government during and after the War of 1812 overcame the resistance to central banking that lead to the expiration of the First Bank of the United States' charter five years earlier. 1817 – The New York Stock Exchange Board was established. [214] 1818 – The first savings bank of Paris was established. [216]
As an admirer of A.P. Giannini's aggressive banking approach at the Bank of America, he drove to San Francisco after completing his military service and approached Giannini for a job at the bank. [1] Diners Club, the first major travel and entertainment charge card, had been introduced in 1950, and American Express and Carte Blanche followed in ...
Williams was president of the first incorporated bank to operate in Texas. The Commercial and Agricultural Bank opened in Galveston on December 30, 1847, and later established a branch in Brownsville, as well as agencies in New Orleans, New York City, and Akron, Ohio. Williams continued as the bank's president until his death. [45]