BANKING: Greener Gicmnini Pastures

California's fabulous, far-flung banking Gianninis last week went farther into the U.S. war production than any other bankers. The Gianninis, never orthodox bankers, were all set to buy up-&-coming Ade Precision Products Corp. (Burbank, Calif.), specialist in aviation hydraulic and de-icing equipment. Actual purchase will be made by Giannini's $140,000,000 Transamerica Corp., which will swap about $1,700,000 worth of its Bank of America stock for 95% of outstanding Adel shares.

When finally bought, Adel will be the third war plant picked up by the Gianninis since mid-September. The other two: San Francisco's...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!