HISTORY OF BANK OF AMERICA = BANK OF ITALY = STARTED IN SAN FRANCISCO IN 1904
Amadeo Giannini (1870-1949) was an American banker who founded the Bank of America.
Giannini = Credited as the inventor of many modern banking practices.
Giannini = One of First bankers to offer banking services to middle-class Americans, rather than only the upper class.
Giannini = Pioneered the holding company structure and established one of the first modern trans-national institutions.
Giannini = 1959 Book = “Worlds Beyond the Poles,” he states the Flat Earth Conspiracy Theory.
Giannini = Parents immigrated to United States from the Kingdom of Sardinia (later part of Italy) for the California Gold Rush of 1849.
Giannini = Worked as a produce broker, commission merchant and produce dealer for farms in the Santa Clara Valley and married the daughter of a North Beach (San Francisco) real estate magnate in 1892 and retired at the age of 31 to administer his father-in-law’s estate.
Giannini = Became a director of the Columbus Savings & Loan, in which his father-in-law owned an interest and saw that banks were run for the benefit of the wealthy and the well-connected and saw an opportunity to service the increasing immigrant population that were without a bank. = He quit and started his own bank, the Bank of Italy in San Francisco on October 17, 1904 in a converted saloon.
Giannini = Offered customers savings accounts and loans, judging them not by their wealth, but by their character and the bank grew fast until the 1906 earthquake destroyed San Francisco. He then said San Francisco would rise from the ashes and setup a temporary bank and moved the vault’s money to his home outside the fire zone in then-rural San Mateo, 18-miles by horse and wagon.
Giannini = Was one of the few who were able to provide loans soon after the earthquake and ran his bank from a plank across two barrels in the street and made loans on a handshake to those interested in rebuilding. Years later, he would recount that every loan was repaid.
Giannini = Introduced branch banking after 1909 legislation in California allowed it. = 1909 branch in San Jose and other branches soon after. He bought banks throughout California and eventually Bank of Italy had hundreds of branches throughout the state.
Giannini = His new name Bank of America was established in 1928 — In Los Angeles in 1923 after a series of mergers between 1909 and 1928. By 1929, the bank had over 400 banking offices in California.
EXPOSED FOR THE CRIMINALS THEY ARE! — 9 minutes
ROTHSCHlLDS MAFlA RUNS ISRAEL AND USA + UK + SAUDIS + …. AS THEIR OWN FIEFDOMS
EVEN CHOMSKY CALLS ROTHSCHlLDS MAFlA RUN USA = A MAFlA! THANKS NOAM!
FACT: ROTHSCHlLDS MAFlA RUNS ISRAEL AS ITS OWN FIEFDOM = BALFOUR DECLARATION OF 1917 — DAVID ICKE
Giannini = Retirement in 1945
Bank of America = Create a system of centralized processing, bookkeeping and cash delivery. By diversifying the scope of community that the Bank of America served following its merger, the institution was better prepared to ride out minor, local economic issues.
Giannini = Nurtured the motion picture and wine industries in California and loaned Walt Disney the funds to produce Snow White, the first full-length, animated motion picture to be made in the US.
Giannini = Founded Transamerica Corporation, as a holding company for his various interests, including Occidental Life Insurance Company. At one time, Transamerica was the controlling shareholder in Bank of America, but separated by legislation enacted by the U.S. Congress in 1956 with the Bank Holding Company Act, which prohibited bank holding companies’ involvement in industrial activities.