New York, Sept. 22
The Trans-America Corporation announced to-day that it has decided to divest itself of all of -its Jafiliations, including the Bank of America ct California, which is the fourth largest in America, and: the Bark of America of New. York. Other afilintes will be divorced from the Trans-America Corporation, "The Corporation, a holding company, has elected 'a new Board of Directors. in which the powerful Gianini family will not be re-resented The Gianini family were the founders of the Bank of Italy from which grew the G.$800,000,000 Trans-America Corporation. The Trans-America Syndicate has asso ted itself with the firm of Lee, igginson & Company, international bankers. It will confine its activities toa financial service throughout the nation, to forms of business and to minority holdings in banks—United Press.
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