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Giannini sought to build a national bank, expanding into most of the western states as well as into the insurance industryunder truck loans with bad credit aegis of his holding company, Transamerica Corporation. In regulators succeeded in forcing the separation of Transamerica Corporation and Bank of America under the Clayton Antitrust Act.
Bank of America and Transamerica were separated, with the latter company continuing in the insurance sector. However, federal banking regulators prohibited Bank of America's interstate banking activity, and Bank of America's domestic banks outside California were forced into a separate company that eventually became First Interstate Bancorplater acquired by Wells Fargo and Company in Only in the s, with a change in federal banking legislation and regulation, could Bank of America again expand its domestic consumer banking activity outside California.
New technologies also allowed the direct linking of credit cards with individual bank accounts. Inthe truck loans with bad credit introduced the BankAmericard, which changed its name to Visa in Interbank became Master Charge in and then Mastercard in From February through Septemberthere were 66 attacks on Bank of America branches in California, including 53 bombings or fire-bombings, and 13 arson fires.
BankAmerica continued to operate its new subsidiary as Seafirst rather than Bank of America until the merger bad semi truck title NationsBank. BankAmerica experienced huge losses in and due to the placement of a series of bad loans in the Third Truck loans with bad credit. Though Armacost blamed the problems on his predecessor, A.
Tom ClausenClausen was appointed to truck loans with bad credit Armacost. First Interstate Bancorp of Los Angeles which had originated from banks once owned by BankAmericalaunched such a bid in student loan repayment tax credit maine fall ofalthough BankAmerica rebuffed it, mostly by selling operations. BankAmerica's next big acquisition came in The company acquired Security Pacific Corporation and its subsidiary Security Pacific National Bank in California and other banks in ArizonaIdahoOregonand Washingtonwhich Security Pacific had acquired in a series of acquisitions in the late s.
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