Business: Giannini to Nevada

When Amadeo Peter Giannini retired in 1930, his Transamerica Corp. rested on two great piers, with a continent between— Bank of America in San Francisco and Bank of America in Manhattan. His successor as Transamerica's chairman, Elisha Walker, soon sold the Manhattan pier to National City Bank. From the depths of his retirement Amadeo Peter Giannini, growing mightily alarmed over the future of his handiwork and his name as No. 1 branch banker of the U. S., emerged in an historic proxy battle to regain control (TIME, Feb. 22, 1932). Last week Transamerica...

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