Word: amadeo
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...biggest U.S. bank last week got a new president. To succeed the late Lawrence Mario ("L.M.") Giannini, the Bank of America picked Carl Frederick Wente, 63, a director and, until his retirement three years ago, the bank's senior vice president. A protege of Founder Amadeo Peter ("A.P.") Giannini, Wente is the first outsider to boss the bank's 535 branches, and more than $7.5 billion resources. Also named last week to the executive committee: A.P.'s daughter, Claire Giannini Hoffman, previously a director...
Died. Lawrence Mario Giannini, 57, president (since 1936) of the West Coast's giant, 531-branch Bank of America, founded by his father, the late A. P. (Amadeo Peter) Giannini; after long illness; in San Francisco...
...Amadeo Giannini...
Transamerica's expansion did continue; but so did the FRB suit against it. Stern old Amadeo P. Giannini denounced the whole thing as an Eccles plot. In any case, he had been reducing Transamerica's interest in the Bank of America. After old A.P.'s death, his son and successor, Lawrence Mario Giannini, kept on selling Transamerica's holdings in Bank of America, once 99%, until they were reduced to only 7.66%. Said Mario Giannini: "The Bank of America is not controlled by Transamerica in any manner...
Died. A. (for Amadeo) P. (for Peter) Giannini, 79, Italian immigrant's son who rose from fruit and vegetable peddler to become founder and chairman of the world's largest private bank, the Bank of America; after a heart attack; in San Mateo, Calif. (see BUSINESS...