I've seen It's a Wonderful Life hundreds of times, but never knew about this guy:
The man was A.P. Giannini who was said to be who Capra modeled the character of George Bailey as well as the bank president in Capra’s 1932 movie, American Madness, after. At the age of 14, Giannini left school and began working with his step father, Lorenzo Scatena, in the produce industry as a produce broker. By the time he was 31, he was able to sell much of his interest in this company to his employees and had planned to retire. However, one year later, he was asked to join the Columbus Savings & Loan Society, which was a small bank in North Beach, California.
Once he joined up, he found that almost nobody at the Savings & Loan, nor other banks, were willing to give loans to anyone but the rich or those owning businesses. At first, Giannini attempted to convince the other directors at the Savings & Loan to start lending to working class citizens, to give them home and auto loans, among other things. He felt that working class citizens, though lacking in assets to guarantee the loan against, were generally honest and would pay back their loans when they could. Further, by loaning them money, it would allow working class citizens to better themselves in ways they would not have been able to do without the money lent to them, such as being able to buy a home or to start a new business. He was never able to convince the other directors to begin lending to the working class.
Not to be dissuaded, he then set out to start his own bank. With $150,000 raised from various friends and family, Giannini founded the Bank of Italy in 1904, which would be a bank specializing in loaning money to the common man. The first Bank of Italy branch was in a converted saloon across the street from the Savings & Loan he had formerly been a member of. The assistant teller at the Bank of Italy was the former bartender of that very saloon.
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