Corporate Office HQ

Financial Services

Bank of America Corporate Office

 

bank of america logo

Bank of America began in 1904 as Bank of Italy.  Amadeo Giannini created the bank in San Francisco to service immigrants that were denied service by other banks.

bank of america sign on busy streetIn 1922 the name changed to Bank of America and Italy after Giannini acquired Banca dell’Italia Meridionale.

In 1930, the name Bank of America was finally adopted after a merger.

In 1956, BankAmerica was created as a holding company for Bank of America.

bank of america sign at nightIn 1983, the company expanded outside of California with the acquisition of SeaFirst, a Seattle, WA based bank.

In 1997, Bank of America merged with NationsBank.

bank of america signIn recent years, Bank of America has acquired Countrywide Financial and Merrill Lynch.  The company has also been under fire for taking $20 billion in government TARP money in 2009.

In November 2019, the company announced that it was partnering with IBM to create a financial services ready public cloud.

Bank of America is currently the second-largest bank holding company in the US.  The BoA network contains over 5500 branch locations and 16,000 ATMs.

Bank of America

 

bank of america logo

Bank of America began in 1904 as Bank of Italy.  Amadeo Giannini created the bank in San Francisco to service immigrants that were denied service by other banks.

History

bank of america sign on busy streetIn 1922 the name changed to Bank of America and Italy after Giannini acquired Banca dell’Italia Meridionale.

In 1930, the name Bank of America was finally adopted after a merger.

In 1956, BankAmerica was created as a holding company for Bank of America.

bank of america sign at nightIn 1983, the company expanded outside of California with the acquisition of SeaFirst, a Seattle, WA based bank.

In 1997, Bank of America merged with NationsBank.

bank of america signIn recent years, Bank of America has acquired Countrywide Financial and Merrill Lynch.  The company has also been under fire for taking $20 billion in government TARP money in 2009.

In November 2019, the company announced that it was partnering with IBM to create a financial services ready public cloud.

Bank of America is currently the second-largest bank holding company in the US.  The BoA network contains over 5500 branch locations and 16,000 ATMs.

American Express Corporate Office

American Express or Amex for short dates all the way back to 1850 as an express mail business in Buffalo, NY.  The company was founded by Henry Wells, William Fargo and John Warren Butterfield.  These men went on to found Wells Fargo four years later.

The company grew quickly as they had a monopoly on express shipments in New York.  In 1880, they built a warehouse behind the Broadway Building.

In 1882, the company launched a money order business and in 1891 they created the Traveler’s Cheque.

By 1903, the company had assets of $28 million.

In 1950, the Diners Club card was launched.  In 1958, the first “credit” cards were launched.  Amex was the first to use a plastic credit card in 1959.

In 1966, the Gold Card was introduced, followed by the Platinum Card in 1984.

Today, American Express cards account for almost a quarter of the total credit card dollars transacted each year.

American Express

American Express or Amex for short dates all the way back to 1850 as an express mail business in Buffalo, NY.  The company was founded by Henry Wells, William Fargo and John Warren Butterfield.  These men went on to found Wells Fargo four years later.

The company grew quickly as they had a monopoly on express shipments in New York.  In 1880, they built a warehouse behind the Broadway Building.

In 1882, the company launched a money order business and in 1891 they created the Traveler’s Cheque.

History

By 1903, the company had assets of $28 million.

In 1950, the Diners Club card was launched.  In 1958, the first “credit” cards were launched.  Amex was the first to use a plastic credit card in 1959.

In 1966, the Gold Card was introduced, followed by the Platinum Card in 1984.

Today, American Express cards account for almost a quarter of the total credit card dollars transacted each year.