In 1904, Amedeo Peter Giannini opened the Bank of Italy in San Francisco. It helped the need of immigrants that were in the United States because other banks denied them of their service. In 1922, he founded the Bank of America and Italy. Later on in 1928, he joined with his Bank of America in Los Angeles and became the largest bank institution in the United States. In 1958, they invented the first bank credit card, BankAmeriCard. A decade later, their company’s name changed to BankAmerica Corporation. They purchased Security Pacific Corporation which led Bank of America to become the first bank to have coast to coast operations. In 2004, they expanded in New England with FleetBoston Financial Corporation. By this century, they had more than