Word: bankstock
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Dates: during 1930-1930
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...said he would do, Amadeo Peter Giannini, potent branch banker, founder of Transamerica Corp. (world's biggest bankstock holding company), upon arriving last week at the age of 60, resigned from all his far-flung enterprises. Testifying before the House Banking & Currency Committee, said he: "Branch banking is coming and you can't stop it. You can't block economic progress. You're against a stone wall. Small communities are drying up. They don't need small unit banks. Farmers drive over paved roads to the larger cities to do their banking...
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