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stocked with controlled amounts while other banks kept larger amounts on site, and thus away from investment purposes. With
Monnette wishing to ease into retirement, and with no real heir apparent, BoA LA welcomed the combination of the two concerns under the name Bank of America. They created what would become the largest banking institution in the country.
191:
One thing that the Bank of
America, Los Angeles had that made it an attractive merge partner was its advanced bank branch system that employed centralized accounting and cash distribution system. BoA LA had its own secure fleet of armoured cars to transport branch cash supplies, keeping its branches
188:, as a minority investor. Giannini had founded the Bank of Italy on October 17, 1904. In 1928, Giannini approached Monnette about pursuing a merger with BoA; both were concerned about the state of the American economy.
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In 1923, Citizens Bank and Trust
Company was renamed Bank of America, Los Angeles. Monnette's intention was to build capital for national expansion with
203:, which was the only such designated bank in the United States at that time. Giannini and Monnette headed the resulting company, serving as co-chairs.
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Bank of
America, Los Angeles was formed when Monnette purchased controlling interest of the
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Annual Report of the
Superintendent of Banks of the State of California, Vol XII
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The resulting bank, known as Bank of Italy, emerged prior to the
313:"Bank of America | History, Services, Acquisitions, & Facts"
169:, which when merged with the family’s other holdings formed the
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American
Security and Trust Company Building (Washington, D.C.)
337:"Settlement: Part II - Italian American Museum of Los Angeles"
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237:. S. J. Clarke Publishing Company. pp. 318, 330, 370
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Bank of
America National Trust and Savings Association
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Financing an Empire: History of
Banking in California
154:(ANB) using profits from his father's silver mine in
46:. Unsourced material may be challenged and removed.
958:Companies based in Los Angeles County, California
263:. United States: Arcadia Publishing. p. 84.
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361:"World's biggest bank (Fortune Classics, 1947)"
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774:Bank of America Corporate Center (Charlotte)
126:, emerging from a series of mergers between
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106:Learn how and when to remove this message
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704:555 California Street (San Francisco)
530:Citizens & Southern National Bank
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371:from the original on March 25, 2019
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635:Provident Institution for Savings
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261:Bucyrus (OH) (Images of America)
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565:First Republic Bank Corporation
510:Benj. Franklin Savings and Loan
171:Citizens Bank and Trust Company
167:Broadway Bank and Trust Company
163:Citizens Trust and Savings Bank
31:needs additional citations for
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55:"Bank of America, Los Angeles"
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620:National Westminster Bank USA
590:Gibraltar Savings Association
291:California State Banking Dept
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161:In 1909, ANB was merged into
122:, was established in 1923 by
953:Bank of America legacy banks
630:North Carolina National Bank
575:Fourth Financial Corporation
477:Bank of America, Los Angeles
435:Bank of America Private Bank
120:Bank of America, Los Angeles
7:
605:MBNA/Maryland National Bank
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10:
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585:Gibraltar Savings and Loan
472:Banc of America Securities
430:Bank of America Home Loans
197:stock market crash of 1929
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948:Banks established in 1923
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723:Bank of America Building
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482:Bank of America NT&SA
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341:Google Arts & Culture
231:Cross, Ira Brown (1927).
134:in 1928-29, which formed
849:Hearst Tower (Charlotte)
683:Western Savings and Loan
600:Mercury Asset Management
535:Commercial National Bank
293:. 1921. pp. 366–377
743:Bank of America Center
317:Encyclopedia Britannica
818:Bank of America Tower
778:Bank of America Plaza
610:Michigan National Bank
580:G. H. Walker & Co.
550:E. A. Pierce & Co.
525:Central Bank and Trust
259:Vance, Marian (2006).
663:Standard Federal Bank
655:Security Pacific Bank
615:Montgomery Securities
545:Countrywide Financial
520:Cassatt & Company
688:White Weld & Co.
540:Continental Illinois
515:Boatmen's Bancshares
40:improve this article
709:701 Brickell Avenue
492:Bank of New England
213:Bank of Italy (USA)
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51:Find sources:
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29:This article
27:
23:
18:
17:
915:
902:
859:Museum Tower
822:Jacksonville
659:Shawmut Bank
595:LaSalle Bank
502:Barnett Bank
476:
373:. Retrieved
364:
355:
344:. Retrieved
340:
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320:. Retrieved
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297:21 September
295:. Retrieved
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241:21 September
239:. Retrieved
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96:October 2019
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38:Please help
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668:Sovran Bank
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346:2020-01-29
322:2020-01-29
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904:Category
369:Archived
207:See also
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832:Phoenix
792:Chicago
782:Atlanta
762:Norfolk
752:Houston
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299:2020
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243:2020
118:The
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158:.
42:by
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251:^
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84:·
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