Word: transamerica
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Most of the stock traded in on the San Francisco Exchange are western companies some of which, like Transamerica, Standard Oil of Calif., Pacific Lighting, Union Oil, Kolster Radio, Richfield Oil, Southern Pacific, California Packing, Pacific Gas & Electric, are well-known in the East. Of the 50 firms registered as members five are firms originating in New York, eleven firms originating in San Francisco but with seats on the New York Exchange...
Elected. Hunter S. Marston, 44; to be president of Bancamerica-BIair Corp.; to succeed Elisha Walker, lately elected board chairman of Transamerica Corp...
Resigned. Amadeo Peter Giannini, founder of Bank of Italy; from the presidency and chairmanship of Transamerica Corp. Elisha Walker will succeed him as chairman; his son, Lawrence Mario Giannini, as president...
Interstate branch banking is not yet a fact. Many a U. S. citizen however believes that it soon will be. Of these none believes more devoutly than Mr. Amadeo Peter Giannini, president of Transamerica Corp. Ample proof of his belief came last week when he announced his intention of increasing the number of Transamerica stockholders from 135,000 to 500,000. One million shares were authorized. When or if interstate branch banking is allowed by Federal law Mr. Giannini will have paved the way for branch banks in many states by having stockholders in many states...
Most famed of the banks which Mr. Giannini's Transamerica controls are California's Bank of Italy, Manhattan's Bank of America. Total assets of Transamerica exceed...