I think you mean Wachovia. They bought out my bank, First Union, and service went to hell in a handbasket.
Bof, conversely, was founded by A.P. Giannini after the 1906 earthquake and fire in San Francisco. The Bank of Italy and America, as it was then known, offered bootstrap loans to (legal) Italian immigrants whom the established banks wouldn't touch. In the latter part of the intervening century, sometime after the bank dropped "Italy and" from its name and built its 55-story headquarters on California Street, the idea of "legal" got lost too, and the Bank of Amigo looks set to follow Wachovia, Citi, and the others into the red.