alt Hacker NewsActually it does not have roots in Bank of Italy.
In 2000, NationsBank in Charlotte bought Bank of America. They used the BofA name, but the NB people ran things. Hugh McColl had been the CEO of NB for years, and he was CEO of BofA for a year. The next CEO, Ken Lewis, was also from NB. I worked for BofA in Chicago from 2001 to 2009. I talked to people in Charlotte all the time. I almost never talked to people in California.
Now that I think about it, I dealt with people in a lot of regions of the US, but almost nobody on the West Coast.
"Bank of America, Los Angeles, was founded in California in 1923. In 1928, this entity was acquired by the Bank of Italy of San Francisco, which took the Bank of America name two years later"
https://en.wikipedia.org/wiki/Bank_of_America