Bank of America (1904-1998)
Bank of America, formerly known as the Bank of Italy, was founded in San Francisco, California, United States, on October 17, 1904, 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.
| Formerly | Bank of Italy (1904–1945) |
|---|---|
| Company type | Public |
| Industry | Banking |
| Founded | October 17, 1904 |
| Founder | Amadeo Giannini |
| Defunct | September 30, 1998 |
| Fate | Merged with NationsBank to become the Bank of America Corporation |
| Parent | Transamerica Corporation |
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