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Bank of America
America Corporation 2005 Blackout Policy
Bank of Italy
of America Corporation and Subsidiaries 2015
Bank of America is headquartered in Charlotte, North Carolina. The
bank's history dates to 1904 when Amadeo Peter Giannini opened the Bank
of Italy in San Francisco. It eventually developed into the Bank of
America and was for a time owned by Giannini's holding company,
"Be the first in everything."
-Amadeo Giannini, FOUNDER, TRANSAMERICA
In 1904, a young entrepreneur with a reputation for helping small
merchants and immigrant farmers named Amadeo Giannini founded the Bank
of Italy in a converted San Francisco saloon. His goal was to make
financial services available to everyone — an innovative concept at the
time. Two years later, in the chaotic days after the devastating 1906
earthquake and fire, Giannini set up a makeshift bank on a desk on the
San Francisco docks. Instead of collateral, he gave residents loans to
rebuild, secured with only a handshake.
Giannini was never one to make a big deal about his role in helping the
city and its residents rebuild, but his legend and his business grew. In
1928, he consolidated his bank into what would become Bank of America.
Two years later, the organization acquired the Occidental Life Insurance
Company through the newly created holding company,
Corporation. Less than two decades later in 1946, Giannini’s bank would
become the largest private bank in the world.
Transamerica Founder Amadeo Giannini
A legend and his business grew
During those expansion years, Giannini’s legend grew as he provided
funding at a critical time to the emerging California agricultural and
wine industries. The generous banker also purchased bonds to secure the
construction of the Golden Gate Bridge during the Great Depression. He
even loaned Walt Disney the money to complete his first full-length
animated film, Snow White and the Seven Dwarfs.
Due to the Bank Holding Company Act of 1956, Transamerica had to choose
whether to divest its banks or its non-bank investments. Transamerica
surprised the financial world and chose insurance.
In July of 1999, Transamerica began a new chapter in its history when it
became part of one of the world's leading international financial
organizations: Aegon N.V. Together, we currently serve 13 million
customers in the U.S. and employ more than 29,000 people around the
*As of 12/31/16
Today, the Transamerica companies are as committed to helping people as
we were over 100 years ago. From life insurance to retirement plans,
customers now have access to an even wider range of services to help
plan for their financial futures. But the way we see it, our
responsibility goes beyond our clients' retirement accounts. We're
making wellness a central part of everything we do and want to inspire
people to do the same.
From our very beginning, we've been committed to helping our customers
build a solid financial foundation for today and tomorrow. And we’ll
continue to do so with innovative insurance and financial products that
are as affordable as they are exceptional. But we're also showing people
how their wealth and health can work together, so they can reduce their
health risks and benefit from less stress as they pursue financial
wellness. After all, what good is wealth if you don't have the health to
In 1968, Transamerica president John R. Becket had an idea. He noticed
that the trees in a city park could be tall, yet still allow natural
light to filter down from above. This was in contrast with the box-like
buildings that surrounded him. So when designing the Transamerica
headquarters, he proposed a somewhat radical approach.
Inspired by Giannini, Transamerica was built on the idea that — like
sunlight — financial security should be available to everyone. So it’s
only fitting that our headquarters would transform the San Francisco
skyline in the same way that we’ve transformed financial services.
Located at 600 Montgomery Street in the heart of one of the city's most
storied sections, the iconic Transamerica Pyramid is still recognized
internationally today for its distinctive structure.
The Transamerica Pyramid
The 48th floor is a conference room with a 360-degree view
A symbol of longevity
Although the pyramid no longer serves as the Transamerica's
headquarters, it is still strongly associated with our company and is
depicted in our logo. Today, the Pyramid stands as a symbol of
innovation and longevity, much like Transamerica itself.
Warning: Misuse of Transamerica name in fraud schemes. Read more.
Insurance products and services are offered or issued by Transamerica
Life Insurance Company, Cedar Rapids, IA; Transamerica Financial Life
Insurance Company, Harrison, NY (licensed in New York); Transamerica
Premier Life Insurance Company, Cedar Rapids, IA; and Transamerica
Casualty Insurance Company, Cedar Rapids, IA. Variable products and
mutual funds are underwritten and distributed by Transamerica Capital
Inc. and/or distributed by Transamerica Investors Securities
Corporation, each a broker/dealer and member of FINRA. Securities and
investment advisory services offered by Transamerica Financial Advisors,
Inc., a broker/dealer, member of FINRA, SIPC and a Registered Investment
Adviser. Investment advisory services focused on the unique needs of
individual retirees, retirement plans and their participants offered by
Transamerica Retirement Advisors, LLC, a Registered Investment Adviser.
References to Transamerica on this site apply to an individual company
or collectively to these and other Transamerica companies. This site may
not yet be approved by the Departments of Insurance in all states at the
time of publication. Transamerica companies are part of the Aegon Group.
Copyright 2011 - 2019 Transamerica Corporation, 4333 Edgewood Road NE,
Cedar Rapids, IA 52499 —All Rights Reserved.
Is Transamerica a legit company?
Most importantly, don't invest your money into a company unless you know
without a shadow of a doubt that it's legitimate. In this case,
Transamerica is a legitimate company, but and even though there is a lot
of shady marketing involved, it's not completely illegal.
While our history dates back almost 175 years, Aegon as we know it today
was founded in 1983 following the merger of two Dutch insurance
companies, AGO and Ennia.
Aegon celebrates 175th anniversary
Aegon celebrates its 175th birthday in November 2019 — a perfect
opportunity to reflect on how our past, present and future was, is and
will be about supporting people together at moments that matter.
A brief history of Aegon
Aegon's roots date back to the first half of the 19th century, but we
will tell you about rich history in just 160 seconds.
Key periods in our history
Aegon's roots stretch back more than 160 years. At that time, Aegon
provided modest funds in the Netherlands for people to arrange burials
for their family members and other loved ones.
The oldest of these original companies was Algemeene Friesche, created
by two civil servants in the northern Dutch province of Friesland in
Two others followed in the next decades: De Groot-Noordhollandsche in
1845 and Eerste Nederlandsche in 1882.
Another predecessor, Olveh, was initially formed as a self-help
organization for civil servants and white-collar workers. Olveh was
incorporated in 1879.
Meanwhile, Nillmij was putting down roots in the Dutch East Indies.
Formed in 1859, Nillmij served civil servants and military personnel in
the Dutch colony.
But these were simply the largest of the dozens of funeral funds,
widows' funds, life insurers, health insurers and other companies and
associations that eventually formed the Aegon we know today.
The Dutch insurance sector expanded rapidly in the second half of the
19th century and the early years of the 20th century, driven by strong
economic growth and increasing prosperity.
This growth was halted by the outbreak of World War I in 1914, which led
to massive disruption across Europe. The years immediately after the war
were marked by economic uncertainty, high inflation and rising
unemployment. Despite these difficult conditions, the insurance sector
again grew quickly.
By 1920, nationwide income from premiums had almost doubled from 1913
Meanwhile, facing increasingly volatile business conditions in the Dutch
East Indies, Nillmij had turned its attention to the more stable Dutch
In 1938, Algemeene Friesche and Groot Noordhollandsche announced that
they had joined forces in one of just a few mergers to take place during
the inter-war years. Both continued to operate under their original
The return of war in Europe in 1939 brought more upheaval to the Dutch
insurance business. Dutch insurers were forced to hand over property
belonging to Jewish investors. After 1945, many families would return to
reclaim their property.
The end of World War II in 1945 was followed by period of strong
insurance industry growth. In the 1960s a wave of consolidation swept in
as insurance companies faced growing competition, a need to control
costs and rising inflation.
In 1968, three insurers – Algemeene Friesche, Groot Noordhollandsche and
Olveh – joined forces to create a new company called AGO.
A year later, Eerste Nederlandsche, Nieuwe Nederlandsche and Nillmij
merged to create Ennia. Between them, AGO and Ennia controlled 20% of
the Dutch market. In the following years, AGO and Ennia both expanded
their international businesses.
In 1979, AGO bought a stake in the US life insurance company Life
Investors and in 1980, Ennia acquired a 85% stake in Spanish insurer
Galicia S.A., based in Madrid. One year later, Ennia acquired National
Old Line in Little Rock, Arkansas.
In 1983, Aegon was born from the merger of AGO and Ennia. Throughout the
1980s, the company continued its international expansion.
In 1986, Aegon bought the Baltimore-based life insurer Monumental Corp.
By June 1988, Aegon had brought its growing US business together under a
single roof: Aegon USA, with headquarters in Cedar Rapids, Iowa.
Aegon’s international expansion was not confined to North America. The
1980s saw a series of further acquisitions in Europe, particularly in
Spain. By 1987, the company was one of the ten largest insurance
companies in the country measured by premium income.
In the 1980s, Aegon floated its shares, giving the company its first
access to international capital markets, and the vital funding for its
Initially listed on the Amsterdam and London exchanges, in 1991, Aegon
went a step further and listed on the New York Stock Exchange.
At the time, the flotation was heralded as, "the most important arrival
from Holland since Peter Stuyvesant founded New Amsterdam in 1653."
The 1990s was a decade of expansion across three continents, starting in
1991 with acquisition of Regency Life, a UK insurer specializing in
unit-linked products and pensions.
In 1993, Aegon began its relationship with Scottish Equitable, acquiring
40% of the company, one of the best-known names in the UK financial
By 1998, Aegon had taken full control of Scottish Equitable. A year
later, Aegon acquired the life insurance operations of Guardian Royal
Exchange. The UK business now operates under the Aegon name and is based
Central & Eastern Europe
In March 1992, Aegon bought a 75% stake in Állami Biztosító, Hungary’s
former state-owned insurance company. At this point, Hungary and the
rest of the region was emerging from decades of Soviet domination.
Állami Biztosító’s former Budapest office is now Aegon’s regional
headquarters for Central & Eastern Europe.
Aegon set up a greenfield operation in Taiwan in 1993. Over the next few
years, the company strengthened its position in Taiwan, which played a
significant role in helping Aegon expand into Asia. By the time Aegon
closed its Taiwan business in 2009, the company had expanded into China
In July 1999, Aegon acquired Transamerica, one of the best-known
insurers in the United States, and a company with a rich history of its
Transamerica's history dates back to 1904, when Amadeo Giannini founded
the Bank of Italy in San Francisco, California.
The bank served the working class residents of the city, including many
Italians living in the North Beach neighborhood. The bank survived the
San Francisco earthquake and fire of 1906 and was one of the first to
offer loans to businesses to help rebuild the city.
After years of expansion, the Bank of Italy merged with the Bank of
America in the 1920s. The bank assumed the name of Bank of America.
In 1930, Giannini acquired a major insurance company, Occidental Life
Insurance, through a holding company he named Transamerica. Occidental
had been founded soon after Giannini’s Bank of Italy – in 1906, also on
the West Coast.
The Transamerica Pyramid
After decades of expansion, Transamerica commissioned architect William
Pereira to design a new headquarters in San Francisco. The Transamerica
Pyramid was completed in 1972, and remained San Francisco's tallest
building until it was surpassed in height by construction of the
Salesforce Tower (opened January 8, 2018).
Transamerica's headquarters are no longer in San Francisco, however the
Pyramid is still owned by Aegon and remains an integral part of
Aegon acquired Transamerica in 1999. It was the largest purchase ever
made by a Dutch company overseas and the second largest in the US
Transamerica operates under its own brand name in North America, and
remains one of the most-familiar names in the American insurance
Today, Aegon is a multi billion euro company, employing over 31,500
people in more than 20 countries across the globe. In 2015 we became one
of the worlds top-10 largest insurance companies.
Aegon in Central & Eastern Europe
In 1992 Aegon bought a majority stake in Hungary's former state-owned
insurance company, Állami Biztosító.
In 2013 Aegon took over Eureko's life insurance and pension business in
Aegon in the Americas
The first decade of the new century also saw Aegon form two joint
ventures in Latin America: Argos Aegon in Mexico and Mongeral Aegon in
Brazil. Ranked by market share for individual life insurance, Argos
Aegon is now the 9th largest life insurance company in Mexico. Mongeral
Aegon, is targeting a top-five position in the Brazilian life insurance
In 2015, Aegon sold its Canadia operations to Wilton Re, as the business
did not fit with the companies strategic goal of being a leader in its
In 2017, asset management company, Akaan Transamerica received formal
approval from the Mexican Banking and Securities Commission (CNBV) to
initiate operations in the Mexican market.
Aegon In Asia
Between 2003 and 2014, Aegon operated a joint venture with the China
National Offshore Oil Company, known as AEGON-CNOOC. In July 2015,
Tsinghua Tongfang became Aegon's new joint venture partner in China and
the company was renamed Aegon THTF.
Headquartered in Shanghai, the company has established 11 branches
across China. The joint venture provides comprehensive life insurance
products and services, and has recently also successfully launched
health and life protection products.
In 2008, Aegon expanded in Asia with the launch of its Aegon Religare
Life Insurance Company joint venture in India. In 2015, amended
legislation on foreign direct investment in India enabled Aegon to
increase its share in the joint venture to 49%. At the same time the
company was renamed Aegon Life. In 2009, Aegon entered the Japanese
market with joint venture Aegon Sony Life.
Aegon In Western Europe
In 2013, Aegon Ireland (Variable Annuities) opened their first office in
Germany. We will market variable annuities as flexible pensions in
Germany where there is significant market potential. Surveys show that
Germans aged between 55 and 80 currently hold assets of over 900 billion
In 2013, Aegon entered a 25-year exclusive distribution partnership with
Banco Santander in Spain, Spain's largest financial group, with over
4,000 branches. In 2014, this successful partnership was extended to
2015 brought the sale of Aegon's 35% in La Mondiale Participations in
France, and the forming of a new long-term strategic Asset Management
joint venture with La Banque Postale. As a result products will be
distributed through La Banque Postale's network of approximately 17,000
points of sale, online and by its institutional sales team.