Bank of America NT&SA
Encyclopedia
Bank of America, National Trust and Savings Association (NT&SA) was the primary bank subsidiary of BankAmerica Corp. A.P. Giannini
chose this unusual extension for the bank's name in order to highlight its multiple functions when it converted from a state charter to a national one. The bank was founded as Bank of Italy
on October 17, 1904.
The bank retained the "NT&SA
" designation until being renamed to Bank of America, N.A., as part of BankAmerica Corp.'s merger with NationsBank
in 1998.
Amadeo Giannini
Amadeo Pietro Giannini, also known as Amadeo Peter Giannini or A.P. Giannini , born in San Jose, California, was the American founder of Bank of America.-Biography:...
chose this unusual extension for the bank's name in order to highlight its multiple functions when it converted from a state charter to a national one. The bank was founded as Bank of Italy
Bank of Italy (USA)
The Bank of Italy was founded in San Francisco, California, USA, in 1904 by Amadeo Giannini. It grew by a branch banking strategy to become the Bank of America, the world's largest commercial bank with 493 branches in California and assets of $5 billion in 1945....
on October 17, 1904.
The bank retained the "NT&SA
National Trust and Savings Association
National Trust and Savings Association, abbreviated NT&SA, is a designation used by national banks in the United States to denote their national charter. It is significantly less popular than the standard designation National Association . Notably, it was used until 1998 by Bank of America NT&SA,...
" designation until being renamed to Bank of America, N.A., as part of BankAmerica Corp.'s merger with NationsBank
NationsBank
NationsBank was one of the largest banking corporations in the United States, based in Charlotte, North Carolina. In 1998, it acquired BankAmerica to become Bank of America.-Corporate history:...
in 1998.