"Bank of America, Los Angeles" was acquired by Bank of Italy of San Francisco

In 1928, "Bank of America, Los Angeles" was acquired by Bank of Italy of San Francisco, which took the Bank of America name two years later. The two banks merged in 1928 and consolidated it with other bank holdings to create what would become the largest banking institution in the country. Giannini merged his bank with Bank of America, Los Angeles, headed by Orra E. Monnette.