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Bank of America
Title: Bank of America
Category: History
Details: Words: 842 | Pages: 3.6 (approximately 235 words/page)
Bank of America
Bank of America
The massive Bank of America traces its roots to the Bank of Italy, known as the “little fellows bank,” founded by A. P. Giannini in 1904. Giannini, a produce merchant in San Francisco, inherited a seat on the board of directors of a savings bank in the city’s Italian neighborhood from his father-in-law. Believing that the local banks excluded working-class consumers seeking smaller loans, Giannini resigned from the board and opened his …showed first 75 words of 842 total…
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…showed last 75 words of 842 total…Carolina National Bank Corporation. During the 1980s the company began to acquire out-of-state banks in the southern United States. In 1991 it changed its name to NationsBank. During the 1990s the company began to diversify its holdings and bought companies that provided other financial services, such as Montgomery Securities, an investment firm based in San Francisco, California. In 1998 federal regulators approved the merger of NationsBank and BankAmerica to form a combined company worth 0 billion in assets.
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