In 1904, Amadeo Peter Giannini founded the Bank of Italy in San Francisco with a revolutionary vision: to serve immigrants and working-class individuals who were ignored by traditional banks. Operating from a converted saloon in North Beach, Giannini's institution began with a single teller and a mission to provide financial access to those who needed it most. This commitment to inclusion and innovation would become the foundation of what eventually became Bank of America. Through strategic mergers and a steadfast focus on community banking, the institution expanded across California and beyond, transforming from a local bank serving immigrants into one of the world's largest financial institutions.
Today, Bank of America serves approximately 67 million consumer and small business clients across the United States and operates in more than 35 countries globally. Guided by the question "What would you like the power to do?" the company delivers a full range of banking, investing, asset management, and other financial and risk management products and services. Under the leadership of CEO Brian Moynihan, the bank is committed to responsible growth - a strategy that combines driving economic growth with creating sustainable value for clients, teammates, communities, and shareholders. With more than 210,000 employees worldwide, Bank of America continues to build on its legacy of innovation, using technology to make financial lives better through the power of every connection.