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Bank Branch Managers

History

The practice of opening satellite branches of banks was popularized in the early 20th century by Amadeo Giannini, the founder of Bank of Italy (which eventually became Bank of America, one of the largest banks in the world). Despite skepticism by the larger banking community, Giannini opened his first out-of-town branch in San Jose in 1913. In less than 10 years, Bank of Italy had 24 branches throughout California and was the state’s fourth-largest bank. Today, there are more than 94,000 bank branches in the United States (although this number is declining due to industry consolidation and other factors). Despite industry consolidation, branch managers play an integral role in the operation of bank branches. In an increasingly digital world, they and their employees provide a human touch that many banking customers still desire.

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