Bank of Italy (Tracy, California)

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Bank of Italy (American Bank of Tracy)
Bank of Italy - Tracy, CA.JPG
Bank of Italy, Tracy, California
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Location628 Central Ave., Tracy, California
Coordinates 37°44′08″N121°25′28″W / 37.73556°N 121.42444°W / 37.73556; -121.42444 (Bank of Italy) Coordinates: 37°44′08″N121°25′28″W / 37.73556°N 121.42444°W / 37.73556; -121.42444 (Bank of Italy)
Area0.8 acres (0.32 ha)
Built1919
Architectural style Renaissance Revival
NRHP reference # 85001591 [1]
Added to NRHPJuly 18, 1985

The Bank of Italy in Tracy, California, also known as the Old Bank of America Building, the American Bank of Tracy, and the Kagehiro Building, is a historic bank building completed in 1919. It was added to the National Register of Historic Places in 1985. [2]

Tracy, California City in California in the United States

Tracy is the second most populated city in San Joaquin County, California, United States. The population was 82,922 at the 2010 census. Tracy is located inside a geographic triangle formed by Interstate 205 on the north side of the city, Interstate 5 to the east, and Interstate 580 to the southwest; this has given rise to Tracy's motto, now recorded on the city's website: "Think Inside the Triangle".

Contents

History

The Bank of Italy building is a two-story brick commercial structure with a second-story window arcade. It was completed in 1919. [2] It cost $35,000 [3] to build at the time and is still intact.

Originally, the building was the American Bank of Tracy, founded by Philip Fabian and Abe Grunauer. [4] In 1921, the building was purchased and became a branch of A. P. Giannini's Bank of Italy, and subsequently Bank of America.

Amadeo Giannini American businessman

Amadeo Pietro Giannini, also known as Amadeo Peter Giannini or A.P. Giannini was an Italian-American banker who founded the Bank of Italy, which became Bank of America. Giannini is credited as the inventor of many modern banking practices. Most notably, Giannini was one of the first bankers to offer banking services to middle-class Americans, rather than only the upper class. He also pioneered the holding company structure and established one of the first modern trans-national institutions.

Bank of Italy central bank of Italy

The Bank of Italy, known in Italian as [La] Banca d'Italia, also known as Bankitalia, is the central bank of Italy and part of the European System of Central Banks. It is located in Palazzo Koch, via Nazionale, Rome. The bank's current governor is Ignazio Visco, who took the office on 1 November 2011.

Bank of America American multinational banking and financial services corporation

The Bank of America Corporation is an American multinational investment bank and financial services company based in Charlotte, North Carolina, with central hubs in New York City, London, Hong Kong, Minneapolis, and Toronto. Bank of America was formed through NationsBank's acquisition of BankAmerica in 1998. It is the second largest banking institution in the United States, after JPMorgan Chase. As a part of the Big Four, it services approximately 10.73% of all American bank deposits, in direct competition with Citigroup, Wells Fargo, and JPMorgan Chase. Its primary financial services revolve around commercial banking, wealth management, and investment banking.

See also

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References

  1. "National Register Information System". National Register of Historic Places . National Park Service. 2013-11-02.
  2. 1 2 Gary A. Marchio (May 11, 1984). National Register of Historic Places Inventory/Nomination: Bank of Italy (American Bank of Tracy) / Old Bank of America Building. National Park Service . Retrieved February 9, 2019. With accompanying eight photos from 1984
  3. "Twice-Told Tales". Tracy Press.
  4. Covello, Leonard; Hillman, Raymond W. (1985). Cities & Towns of San Joaquin County since 1847. Panorama West Books. p. 77. ISBN   0-914330-84-5.