An overview of the history of the bank of america

See Article History Alternative Titles: Bank of America is headquartered in CharlotteNorth Carolina. It issued the first bank credit cardBankAmeriCard, in After purchasing its major competitor in CaliforniaSecurity Pacific Corporation, inBank of America became the first bank to offer coast-to-coast operations in the United States.

An overview of the history of the bank of america

Visit Website Did you know? During their invasion of the western Carolinas inBritish soldiers took the young Andrew Jackson prisoner. When Jackson refused to shine one officer's boots, the officer struck him across the face with a saber, leaving lasting scars.

Jackson read law in his late teens and earned admission to the North Carolina bar in He soon moved west of the Appalachians to the region that would soon become the state of Tennesseeand began working as a prosecuting attorney in the settlement that became Nashville.

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He later set up his own private practice and met and married Rachel Donelson Robards, the daughter of a local colonel. Jackson grew prosperous enough to build a mansion, the Hermitage, near Nashville, and to buy slaves.

InJackson joined a convention charged with drafting the new Tennessee state constitution and became the first man to be elected to the U.

House of Representatives from Tennessee. Though he declined to seek reelection and returned home in Marchhe was almost immediately elected to the U. He was later chosen to head the state militia, a position he held when war broke out with Great Britain in The win, which occurred after the War of officially ended but before news of the Treaty of Ghent had reached Washingtonelevated Jackson to the status of national war hero.

After his forces captured Spanish posts at St. At first he professed no interest in the office, but by his boosters had rallied enough support to get him a nomination as well as a seat in the U. In a five-way race, Jackson won the popular vote, but for the first time in history no candidate received a majority of electoral votes.

The House of Representatives was charged with deciding between the three leading candidates: Critically ill after a stroke, Crawford was essentially out, and Speaker of the House Henry Clay who had finished fourth threw his support behind Adams, who later made Clay his secretary of state.

Andrew Jackson In the White House Andrew Jackson won redemption four years later in an election that was characterized to an unusual degree by negative personal attacks.

Jackson and his wife were accused of adultery on the basis that Rachel had not been legally divorced from her first husband when she married Jackson.

Shortly after his victory inthe shy and pious Rachel died at the Hermitage; Jackson apparently believed the negative attacks had hastened her death. Andrew Jackson and his supporters opposed the bank, seeing it as a privileged institution and the enemy of the common people; meanwhile, Clay and Webster led the argument in Congress for its recharter.

Regional Overview The following article focuses upon the history of the Bank of America, the services it offers, details about its principal operating locations and provides links to other articles related to the Bank of America. The History of the Bank of America The Bank of America was formed in the latter part of the s as the result of a merger between the Bank of Italy based in San Francisco and the Bank of America, whose business interests were solely based at that time in Los Angeles.

InSouth Carolina adopted a resolution declaring federal tariffs passed in and null and void and prohibiting their enforcement within state boundaries. While urging Congress to lower the high tariffs, Jackson sought and obtained the authority to order federal armed forces to South Carolina to enforce federal laws.

An overview of the history of the bank of america

Violence seemed imminent, but South Carolina backed down, and Jackson earned credit for preserving the Union in its greatest moment of crisis to that date.

Supreme Court ruling that Georgia had no authority over Native American tribal lands. Inthe Cherokees signed a treaty giving up their land in exchange for territory west of Arkansaswhere in some 15, would head on foot along the so-called Trail of Tears.

Andrew Jackson’s Early Life

The relocation resulted in the deaths of thousands. After leaving office, Jackson retired to the Hermitage, where he died in June Start your free trial today.Bank of America, History Basic Info Reviews History Routing Numbers Swift Code Locations Oversea Locations The following are a list of major historical events for Bank of America.

How a bank has performed in past financial crises indicates how the same bank will perform in future crises. While this is just a theory, it's corroborated by the history of Bank of America (NYSE.

Bank of America logo. History & Heritage. The bank that saved Nantucket. There's only one bank in Bank of America’s heritage that can lay claim to the discovery of a comet, the squelching of a huge fire, the hosting of a great American author and the rise of a fortune on Nantucket Island.

An overview of the history of the bank of america

The Bank of America Corporation (abbreviated as BofA) is an American multinational investment bank and financial services company based in Charlotte, North Carolina with central hubs in New York City, London, Hong Kong, and Toronto. Bank of America was formed through NationsBank's acquisition of BankAmerica in Bank of America, in full Bank of America Corporation, one of the largest banking and financial services corporations in the United was formed through NationsBank’s acquisition of BankAmerica in Bank of America is headquartered in Charlotte, North Carolina..

The bank’s history dates to when Amadeo Peter Giannini opened the Bank of Italy in San Francisco. Bank of America began in when Italian-American Amadeo Giannini founded the "Bank of Italy" in San Francisco. Set in a former saloon, Giannini initially began the bank as a way to provide loans to immigrants, middle-class Americans, and farmers denied services by .

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