Amadeo Giannini founded the Bank of Italy in California which was later renamed the Bank of America. The Bank of America is still under the original charter of the Bank of Italy today. The BoA is the second largest bank in the United States with assets estimated around 2.2 trillion. California founded Bank of Italy was later absorbed into Giannini’s holding company Transamerica Corporation before forming the Bank of America. Transamerica Corporation still exists and is involved in insurance and investments. Amadeo Giannini was the son of Italian-Genoese immigrants. Genoa was a powerful banking center in Europe for centuries. Wealthy banking families from Genoa include the Doria, Spinola, Grimaldi, Cattaneo, Odescalchi, and Pallavicini families. Modern European banking originated in Italy and further developed during the Crusades through Templar bankers authorized by the Pope of Rome. The Bank of Italy now BoA made loans to the wine industry in California as well as loans to Walt Disney. Roy E Disney was a Vatican Knight of St Gregory. Amadeo Giannini made loans to FIAT in Italy after WWII. John Elkann is Chairman for FIAT and married to Donna Lavinia Borromeo. Fiat now owns the American car company, Chrysler. Pierre Casiraghi is married to Beatrice Borromeo and his mother is Princess Caroline of Hanover and she is the daughter of Prince Rainier III of Monaco from the Genoese House of Grimaldi. The Genoese House of Grimaldi were co-founders of the Bank of Saint George which was internationally in operation for nearly 400 years. The Cattaneo della Volta families were money lenders and debt collectors from Genoa. The central bank of Italy is also called the Bank of Italy and founded out of the corruption scandal involving Banca Romano. The Borromeo family were noble landowners, merchants, and bankers that did business in Florence, Milan, and Venice.
The first Director of the Italian Bank of Italy was Bonaldo Stringher and he was from Venice. Luigi Einaudi was the third Director of the Bank of Italy and from Piedmont. The Borromeo family ruled right near Piedmont and still own islands there in Lake Maggiore. The Sella families are bankers and merchants from Piedmont which currently own Banca Sella Group which operates in Switzerland where banking is private. The Sella family are Court Factors for the House of Borromeo. Amadeo Giannini was really working for the old Florentine-Genoese-Venetian bankers as a proxy to establish one of the largest banking institutions in the United States. Still existing banking families of Venice, Genoa, and Florence include the Giustiniani, Odescalchi, Doria, Borromeo, Medici, and Pallavicini families. The Warburg family were originally Venetian bankers known as the Del Banco family. Warburg Pincus was in contract with UniCredit which earlier merged with the Capitalia which previously merged with the Bank of the Holy Spirit which was created by the Borghese banking family of Rome in 1605. The Banchieri family are an aristocratic banking family of Luca and Pistoia and established a branch in Feltre, Veneto near Venice and in Tortona, Piedmont. The Del Banco family were really a covert family branch of the Banchieri family. The Warburg (Del Banco) family helped to create UBS Bank. Bank of America went publically on the market in 1978 and its likely these Italian banking families were Amadeo Giannini’s investors and financial backers that loaned him his first 150,000 to establish Bank of Italy. The Bank of America’s IPO coincided with the International Banking Act of 1978 which allowed foreign banks to operate in the US. Italian banking families all made large profits and continue to do so through the stock market. The current CEO and Chairman of Bank of American is Brian Moynihan and he is Roman Catholic and was educated at the Roman Catholic Notre Dame Law School.
On November 1, 1930, the Bank of Italy in San Francisco changed its name to Bank of America. The bank today has the same national bank charter number as Giannini’s old bank— #13044.
INTERNATIONAL BANKING ACT OF 1978
To provide for Federal regulation of participation by foreign banks in domestic financial markets.
BAC Stock Chart
Bank of America Corporation
IPO Date
Jan 13, 1978
The Bank of Italy, known in Italian as [La] Banca d’Italia (pronounced [ˈbaŋka diˈtaːlja]), also known as Bankitalia, is the central bank of Italy and part of the European System of Central Banks.
The bank’s current governor is Ignazio Visco
The institution was established in 1893 from the combination of three major banks in Italy (after the Banca Romana scandal).[2][3] The new central bank first issued bank-notes during 1926.[4]
A division of Bank of America, New York-based Merrill Lynch Wealth Management employs over 15,000 financial professionals and has $1.08 trillion in AUM.
Amadeo Peter Giannini has been called “America’s banker.” His Italian father traveled home from the California gold fields, then brought a Genoese bride back to San Jose in mid-1869, via the brand-new transcontinental railroad.
he founded the Bank of Italy in San Francisco in October 1904
In 1928, Giannini put his banks into a giant holding company he called Transamerica Corporation, reflecting his new ambition.
In 1904, Giannini raised $150,000 from his stepfather and 10 friends and opened the Bank of Italy
Amadeo Giannini financed numerous industries through his now renamed Bank of America; from motion picture projects like helping Walt Disney fund the production of Snow White to the California wine industry and major construction works such as the Golden Gate Bridge. Among his ventures was also the start-up HP (Hewlett-Packard), which at the time made oscilloscopes.
He never forgot his roots and after WWII he arranged for loans to help rebuild the damaged Fiat factories in Italy.
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The Doria family, originally D’Oria, originally from Genoa, is one of the most important noble families in the history of Italy. The historians and documents kept in Genoa in the Abbey of San Matteo, traditionally the family’s noble church, date it back to the year 941.
The Grimaldis are an ancient family of Genoese origin that reigns on Monaco since the XIII century
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The Cattaneo family is a noble Genovese family of very ancient origins.
Like other Genoese families (D’Oria, Imperiale, Serra, and Grimaldi), the Cattaneo, finding themselves in a delicate situation, had to send one of their members to Naples (and also to Madrid) to protect their interests as debt collectors.
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Prince Andrea Cattaneo Della Volta is a high level Italian and British banker that owns Zenith Energy and has worked for London Finance and its Italian subsidiary. Prince Andrea works with the United Nations and worked as an adviser to the Polish Ministry of Finance.
The Borromeo family, originally from San Miniato in Tuscany, are an important family of the Milanese nobility, still flourishing and numerous
Vitaliano continued his uncle’s business by opening two new branches of the bank in Burgos and Barcelona, and in 1416 he acquired the Milanese citizenship and was created in 1418 as treasurer of the Duchy of Milan.
The Giustiniani (in the Ligurian language Giustinien [ without source ] ) was an important Genoese hotel, born in 1362 from the aggregation of the families that constituted the Maona di Chio, a commercial association in charge of the administration of the island of Chios in the Aegean Sea. Among the various illustrious figures appear writers, cardinals and eight Doges of the Republic of Genoa.
In Rome, where his brother-in-law Cardinal Vincenzo was already living, Giuseppe Giustiniani moved in particular, which soon became, thanks to his great wealth, one of the city’s most prominent bankers [6]
The Odescalchi, originally from Como, is a famous family of Italian nobility who had its success with the election to the papal throne of Benedetto Odescalchi, with the name of Innocent XI, in 1676.
he first line of the Odescalchi family obtained the following noble titles: Nobili Romani, Coscritti of Roman Nobility, Milanese Patricians, Genoese Patricians
The Pallavicino of Genoa had as their ancestor Nicolò (son of Alberto (“the Greek”) and nephew of Oberto I Pallavicino called the “Pelavicino”), whose son Giovanni married Maria Fieschi and who in 1225 was elected councilor. The family assumed considerable prestige and importance in the Ligurian capital, so as to have among its representatives, as well as numerous senators, three doges of the Republic of Genoa: Agostino in 1637, Gian Carlo in 1785 and Alerame Maria in 1789.
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Prince Sigieri Diaz della Vittoria Pallavicini with his brother Prince Moroello Diaz della Vittoria Pallavicini. Prince Moroello has been a leading member of Sodali a corporate governance and shareholding advisement firm, his family’s investment firm Global Wealth Management, and Prelios asset management. Prince Sigieri founded Global Wealth Management, founded Armonia a private equity fund, and has worked at Morgan Stanley, Lehman Brothers, JP Morgan and Merrill Lynch which is a wealth management division of Bank of America.
The Bank of Saint George (Italian: Casa delle compere e dei Bianchi di San Giorgio or informally as Ufficio di San Giorgio or Banco)[1] was a financial institution of the Republic of Genoa.
A number of prominent Genoese families were involved in the establishment and governance of the Bank, including the Houses of Grimaldi & Serra.
The golden age of Genovese bankers
The opening for the Genovese banking consortium was the state bankruptcy of Philip II in 1557, which threw the German banking houses into chaos and ended the reign of the Fuggers as Spanish financiers. The Genovese bankers provided the unwieldy Habsburg system with fluid credit and a dependably regular income.
Brian Moynihan | Chairman of the Board, Chief Executive Officer
Dean Athanasia | President, Preferred and Small Business Co-head, Consumer
Catherine P. Bessant | Chief Operations and Technology Officer
Sheri B. Bronstein | Global Human Resources Executive
Paul M. Donofrio | Chief Financial Officer
Anne M. Finucane | Vice Chairman
Geoffrey S. Greener | Chief Risk Officer
Christine P. Katziff | Corporate General Auditor
David G. Leitch | Global General Counsel
Thomas K. Montag | Chief Operating Officer
Thong M. Nguyen | President, Retail Banking Co-head, Consumer
Andrea B. Smith | Chief Administrative Officer
Bruce R. Thompson | Vice Chairman
Anne Finucane is an American banker who is vice chair of Bank of America. She leads the bank’s environmental, social and corporate governance committee.
Finucane entered the banking industry when she joined Fleet Financial in 1995, serving as head of corporate affairs and marketing.[1]
Fleet Financial later merged with BankBoston, then Bank of America.[1]
According to American Banker, she works with the White House and the World Economic Forum.[11]
Finucane has been on the boards of The American Ireland Fund,[15][25]
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Brian Thomas Moynihan (born October 19, 1959) is an American lawyer, businessman and the Chairman and CEO of Bank of America. He joined the Board of Directors, following his promotion to President and CEO in 2010.[3][4][5]
He earned a Juris Doctor from the University of Notre Dame Law School,[10]
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