Bank of America
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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. [2] History.
The bank was founded by the merger of NationsBank and Bank of America in 1998. It is the second-largest banking institution in the United States and the second-largest bank in the world by market capitalization, both after JPMorgan Chase. Bank of America is one of the Big Four banking institutions of the United States.
4 days ago · Bank of America, one of the largest banking and financial services brands and corporations in the United States. It was formed through NationsBank’s acquisition of BankAmerica in 1998. Bank of America is headquartered in Charlotte, North Carolina.
Mar 7, 2024 · Explore the history of Bank of America, key acquisitions and mergers that have solidified its position as a leading financial institution.
This timeline outlines the history of Bank of America and key events in its expansion into a national bank, split into three eras: Early History (1904-1960s), National Expansion (1960s-1990s), and Recent History (1998-Present).
Founded in San Francisco, Bank of America was formed through NationsBank's acquisition of BankAmerica in 1998. It is the second largest banking institution in the United States, after JPMorgan Chase, and the eighth largest bank in the world. Bank of America is one of the Big Four banking institutions of the United States. It services ...
On 17 October 1904, after resigning from the board of a San Francisco bank over its policy of ignoring working-class customers, Giannini opened Bank of Italy (later renamed Bank of America) in a remodeled saloon. His employees went door-to-door soliciting business from workers, immigrants, and others ignored by most banks.
