Amedeo Giannini
Amedeo Giannini was the founder of the Bank of America.
Giannini's parents were Italian immigrants to the United States. Giannini opened the Bank of Italy in a former San Francisco, California saloon on 17 October, 1904. Deposits on that first day totaled $8,780. An early difficulty to overcome was the San Francisco earthquake of 1906. Giannini was forced to run his bank from a plank in the street for a time.
By 1916 Giannini had expanded and opened several other branches. It became the Bank of America in 1928 and continued under Giannini's chairmanship until his retirement in 1963.
Referenced By
Bank Of America
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