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While BoA PR has cranked out the fable that
Giannini established Bank of America, they did because it made for good copy. Giannini did work his way up the America Dream - Monnette starting his banking career after his father struck Gold in Tonapah Neveada in the early 1900s.
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Furthermore, one of the reasons why
Giannini pursued the merger was because Monnette's BoALA had a modern, advanced branch banking system established throughout Los Angeles prior to Giannini's involvement in BoA. Monnette took this knowledge and applied it to the
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A.P. Guanini was known as crooked. He advised his employees not to sell shares of bank stock after crash in 1929. Later employees namely Daniel C. Murphy discovered had sold stocks. Daniel C. Murphy was the Market street bank manager. State
Senator
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I have corrected the biography on
Giannini's founding of Bank of America. While he was part of the Bank's establishment, BoA is a result of merger between Giannini's Bank fo Italy AND the
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If you wish to verify this infomration, contact the Los
Angeles Public Library's special collections division, or check the BoA historical Board Minutes from 1928.
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A.P. Giannini was NOT "Italian
American;" he was BORN IN THE UNITED STATES OF AMERICA and this makes him an AMERICAN of Italian DESCENT.
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I have always read about him under the name A.P. Giannini. this should be an alternate name, which i will add. (mercurywoodrose)
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Adding a note for future development. I saw citations that stated A.P. Giannini had been a member of the
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on
Knowledge (XXG). If you would like to participate, please visit the project page, where you can join
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is an ethnicity not a nationality. An
American of Italian descent can also be an Italian American.
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Three of his children did not survive childhood. Only 2 were living at the time of his death.
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This from the BBC tells
Giannini's story, with more material that we haven't got yet.
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https://www.findagrave.com/memorial/5315/amadeo-pietro-giannini
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A.P. Giannini and the Fugazi Banca Popolare Operaia Italiana
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