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Sunday, May 1, 2011

Did you know that Bank of America was originally called the Bank of Italy in San Francisco to cater to immigrants who were denied service from other banks?




An expansion into New York City (right).
Did you know that Bank of America Corporation (NYSEBAC, TYO: 8648) is an American global financial services company, the largest bank holding company in the United States, by assets, and the second largest bank by market capitalization?

Did you know that Bank of America serves clients in more than 150 countries and has a relationship with 99% of the U.S. Fortune 500 companies and 83% of the Fortune Global 500?

Did you know that as of 2010, Bank of America is the 5th largest company in the United States by total revenue,[10] as well as the second largest non-oil company in the U.S. (after Wal-Mart)?

Did you know that in 2010, Forbes listed Bank of America as the 3rd "best" large company in the world?


Did you know that Bank of America 2008 acquisition of Merrill Lynch made Bank of America the world's largest wealth manager and a major player in the investment banking industry?

Did you know that Bank of America holds 12.2% of all U.S. deposits, as of August 2009,[13] and is one of the Big Four banks of the United States, along with Citigroup, JPMorgan Chase and Wells Fargo—its main competitors?
Did you know that the Bank of America was founded  1904 by Amadeo Giannini?

Did you know that Bank of America was originally called the Bank of Italy in San Francisco to cater to immigrants who were denied service from other banks?

 Did you know that in 1922, Giannini established Bank of America and Italy in Italy by buying Banca dell'Italia Meridionale, itself only established in 1918?
 
Did you know that on March 7, 1927, Giannini consolidated his Bank of Italy (101 branches) with the newly formed Liberty Bank of America (175 branches)?

Did you know that in 1928, A. P. Giannini merged with Bank of America, Los Angeles and consolidated it with his other bank holdings to create what would become the largest banking institution in the country?

Did you know that Bank of Italy was renamed on November 3, 1930, calling it Bank of America?




Now if you didn't know, now you know...


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