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...More Banks. It was Founder Amadeo Peter Giannini's idea that Transamerica should take the lead in nation-wide branchbanking. Last year the annual report said hopefully: "It is now generally conceded that the trend of public opinion is increasingly favorable to the extension of branchbanking." But Mr. Walker's letter of last week reported: "There is no apparent likelihood that nation-wide branchbanking will be authorized by law in the near future." He then confirmed the recent rumor that Transamerica will sell its controlling interest in banks, chief of which are Bank of America, New York...

Author: /time Magazine | Title: Business & Finance: Transamerica Unscrambled | 10/5/1931 | See Source »

...second change of management was the dropping of Amadeo Peter Giannini, his brother Dr. Attilio H. Giannini, his not robust son Lawrence Mario Giannini from the directorate, and also their good & stanch friends Prentis Cobb Hale of San Francisco and George Newell Armsby of California Packing. The long suspected LYNN PORTER TALLEY . . . does not let enthusiasm replace collateral. Giannini-Walker feud broke into the open with this news. Founder Giannini announced his resignation had been presented last June "because I could not approve of the plans, policies and procedure of my successor, Chairman Walker." Ironic was this statement since Founder...

Author: /time Magazine | Title: Business & Finance: Transamerica Unscrambled | 10/5/1931 | See Source »

...President Bacigalupi is 48, a lean, lively gentleman whose teeth flash in frequent smiles, whose jet hair and dark eyes proclaim his nationality. Like Giannini he was raised in California. He went to high school in Santa Clara County, wanted to be a druggist. But the parish priest urged him to go to Santa Clara College. For a while he thought of being an actor, then went to Hastings College of the Law (San Francisco) and was given his degree in 1907. Looking for work, he met Amadeo Peter Giannini who offered him a room, rent-free, if he would...

Author: /time Magazine | Title: Business: Bacigalupi Up | 4/6/1931 | See Source »

President Bacigalupi's election statement contained a flourish of humility: "My decision to accept is based entirely upon an abiding attachment to our splendid institutions and organizations, conceived and founded by A. P. Giannini, and upon an ardent desire to contribute my best endeavors toward the continued success of our undertakings. . . . I have no delusions regarding my ability to contribute anything of an extraordinary nature...

Author: /time Magazine | Title: Business: Bacigalupi Up | 4/6/1931 | See Source »

James Augustus Bacigalupi, onetime (1924-30) president of Bank of Italy, succeeded Lawrence Giannini, son of Amadeo Peter Giannini, as president of Transamerica Corp...

Author: /time Magazine | Title: Business: Personnel: Apr. 6, 1931 | 4/6/1931 | See Source »

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