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Catalog Number 2010.171.010
Description Bank of America Deposit Bag, n.d. Small, flat off-white cotton deposit bag from Bank of America. Bag is closed on three sides with open top and cotton ribbon tie at top. Bag is stamped on one side in black ink with "Code 6702 / P.O. 26887 / Bank of America / N. T. & S. A." On opposite side, hand-written in pencil is "CA50669 / McClellan." Hem on the side of the bag with pencil writing has been asymmetrically sewn, making the bag an imperfect rectangle.
Object Name Bag, Deposit
Collection 3D - Merchandising Tools & Equipment
Title Bank of America Deposit Bag, n.d.
Date n.d.
Creator Unknown
Role Fiber Artist
Inscription Text "CODE 6702 / P.O. 26887 / Bank of America / N.T.&S.A." (stamped with black ink on the front of the bag); "CA50669 / McClellan" (handwritten in pencil on the back of the bag)
Notes "Amedeo Giannini, son of Italian immigrants to the US, started the Bank of Italy in a converted saloon in San Francisco at 9 am on Monday, October 17, 1904. On the first day, 28 deposits totalled $8,780.
When an earthquake struck in 1907, he ran his bank from a plank in the street - the word "bank" is from the Italian "banca", meaning a bench or counter. Word quickly spread about his service and by 1916 he had several branches. By 1929, the bank was strong enough to withstand the Great Depression stock crash.
Giannini changed the name to Bank of America in 1928 and remained chairman until 1963.
The Bank of America would become one of the largest banking institutions in the world but by 2008, due to poor management, had to receive government bailout.
The Bank of Italy in Italy was created in 1893 through the merger of 3 of the 6 banks at the time: Banca Nazionale nel Regno d'Italia and 2 Tuscan banks." [https://didyouknow.org/banks/ 3/23/2017]
Dimensions H-7.75 W-3.75 inches
Medium Textile
Search Terms Bags
Bank of America
Giannini, A.P.
Guido, Helen Neuling
Subjects Bags
Banking
People Guido, Helen Neuling