Financial District
About Financial District
The Financial District is built on the buried edge of the bay. In the Gold Rush years this was Yerba Buena Cove, and Montgomery Street ran along the original waterfront. Ships that arrived in 1849 and 1850 were abandoned by crews who left for the gold fields, and the city filled the cove with sand and debris around them. The remains of dozens of those ships are still under the streets.
As the waterfront moved east onto the new land, the district became the banking center of the West Coast. A.P. Giannini founded the Bank of Italy in 1904. After the 1906 earthquake and fire, he made loans from a makeshift desk on the wharf to help people rebuild, and the bank later grew into Bank of America. The Bank of Italy building still stands at 552 Montgomery Street.
The district was rebuilt after 1906 and kept growing upward. The Transamerica Pyramid at 600 Montgomery Street was completed in 1972 and was the tallest building in the city until Salesforce Tower passed it in 2018. A half-acre redwood grove, Transamerica Redwood Park, sits at its base and is open to the public.