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This is s scratch page for writing and editing before posting to Wikipedia. PLEASE let me know bfore you delete the page - EVERY wikipedian deserves a scratch page where they can write and format. PLEASE don't eliminate this PAGE! American Bankers Association journal, Volume 25

The formation of the Bank of America in 1929 was made possible through a merger of equals, the Bank of America, Los Angeles, and the Bank of Italy, San Francisco.

Bank of America, Los Angeles, was the creation of Orra Monnette. Monnette began his banking career in 1909 by buying banks, and bank holding companies, in the Los Angeles area using procedes from his father's gold mining profits. Through a series of purchases and mergers in the Los Angeles area, Monnette's combined banking interests resulted in the creation of Citizens Bank and Trust Company. In 1923, Citizens' was renamed as the Bank of America, Los Angeles.



The subject of a merger was raised by Amadeo Giannini, the head of the Bank of Italy:


 * "A.P. Gianinni was in San Francisco looking toward Los Angeles and Southern California as an ideal expansion area for his growing Bank of Italy branch system.  He was impressed with Monnette's bank which went from one location and a $1,000,000 in capital into a system with 21 branches in four years with $27,000,000.00 in resourses." ,

Giannini approached Monnette about combining their insititutions into a regional bank holding company. Both Monnette, and Giannini were concerned about the issues the nations financial markets, and both were expecting a "correction" to the national markets. And both men wanted to expand their banks. United, the two insitutions could open new markets and new respources. Heading the bank would be Gianinni and Monnette, who would co-chair the merged institution, which would take the name Bank of America.