Word: gianninis
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...Bank of Italy. Stoutest of all advocates of branch banking is Amadeo Peter Giannini, and classic example of a bank-with-branches is the Giannini-founded, Giannini-expanded Bank of Italy National Trust & Savings Association. California-wide institution. Last week it was revealed that soon Bank of Italy will succumb to the same forces of expansion and merging which it created. As soon as details are worked out, Bank of Italy will merge with Bank of America of California, newer Giannini institution. The new bank will be called Bank of America National Trust and Savings Association, will have resources...
...passing of the greatly famed name "Bank of Italy" is seen the policy of the new Transamerica management to remove any local, partisan significance attached to the Giannini structure. Mr. Giannini himself saw this was essential and, shortly after old Bancitaly stock crashed, the company was succeeded by Transamerica Corp. Yet Transamerica is influential in Italy through control of the Banca d' America e d'ltalia which only last week expanded further through purchase of the seven-branched Banca-Italo-Britannica...
Amadeo Peter Giannini, San Francisco banker, heard in Germany that his stepfather. Banker Lorenzo ("Boss") Scatena, was dying, boarded ship at Bremerhaven Aug. 13 at 11:50 a. m., raced by boat, train, airplane, reached San Francisco Aug. 22 at 8:13 a. m. Total elapsed time: nine days, five hr., 23 min. But Banker Scatena died several hours before his stepson arrived...
...success through the first 21 days of the Manhattan Stadium's eight weeks. In the Woodland Theatre at Hillsborough he will be the fourth guest conductor of San Mateo's summer series, given under the aegis of California's Fleishhackers, Crockers. Armsbys. McNears, and Amadeo Peter Giannini. Before Conductor van Hoogstraten, Gaetano Merola. Maestro Bernardino Molinari, Artur Rodzinski conducted this year at San Mateo. Following him will be E. Fernandez Arbos. for 25 years conductor of Madrid's Symphony. Conductor van Hoogstraten will lead twice at San Mateo. twice at San Francisco...
Profits. Two huge holding companies last week revealed proportionately huge profits. Transamerica Corp., holding company for the $1,167,116,000 worth of banks that Amadeo Peter Giannini managed to gather together before he retired this year, in its 1929 earnings statement, set down its net profit for the year at $67,316,000, or nearly $3 per share on the 24,000,000 shares outstanding (now selling at $26). However, the management holds "it would be lacking in ordinary business prudence" to ignore the current depression, plans to cut the October quarterly dividend from 40¢ to 25¢ a share...