Essay: A.P. Giannini: The Man Who Saved San Francisco

Mission San Francisco de Asís (Mission Dolores).

Image via Wikipedia

A.P. Giannini, the son of immigrants, loaned to immigrants when other bankers refused. In the 20th Century he built a vast Western banking empire, fueling California’s growth, and created a national system of branch banks to serve ordinary people. When most banks closed at 3pm, Giannini kept his banks open until nine or ten at night for workers.

After a disastrous earthquake and subsequent fires levelled much of his hometown San Francisco in 1906, Giannini created new confidence. He set up a temporary bank immediately, collecting deposits, making loans, and proclaiming to all that San Francisco would rise from the ashes. Then he made it happen… More>>

 

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