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Bank of America is the largest bank in the United States at $2.3 trillion in assets. The largest bank in the entire world is the Royal Bank of Scotland at 3.8 trillion dollars. Bank of America began as the Bank of Italy in San Francisco in 1904 by Amadeo Giannini. He started it to assist immigrants that were otherwise turned down by established banking institutions. He was raised by the Fava/Stanghellini family after his father was shot dead while trying to collect on a $10.00 debt. The original bank was located in a saloon directly across from the Columbus Savings and Loan. After the San Francisco earthquake Amadeo was one of the few bankers able to rescue his money from the flames. He immediately started giving out loans to anyone who would use the money to help rebuild the city. In 1928 he merged the Bank of Italy with the Bank of America in Los Angeles. Giannini helped nurture the motion picture and wine industries in California. According to Wikipedia he loaned Walt Disney the funds to produce Snow White,2014 world cup jerseys, the first full length,http://welshspringers.com/welshh/lionel-messi-jersey.htm, animated movie to be made in the US. During the Great Depression,http://welshspringers.com/welshh/world-cup-soccer-jersey.htm, he bought the bonds that financed the construction of the Golden Gate Bridge. During World War II,Spain world cup jerseys 2014, he bankrolled industrialist Henry Kaiser and his enterprises which supported the war effort. After the War,http://welshspringers.com/welshh/2014-world-cup-jerseys.htm, he visited Italy and arranged for loans to help rebuild the war torn Fiat factories. Giannini also gave capital to William Hewlett and David Packard to help form HP or Hewlett Packard. In 1958 the bank created the BankAmericard which later became Visa. Through many purchases and mergers Bank of America has grown to be the largest bank in America today.
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