Bank of America Corp.'s growing list of critics include the granddaughter of the executive who founded one of the company's predecessors.Virginia Hammerness, whose grandfather founded Bank of Italy in San Francisco in 1904, said she is upset with B of A's management team and its controversial acquisition of Merrill Lynch & Co. Inc.

"This is not the company that my grandfather founded," Ms. Hammerness, 76, told American Banker on Wednesday. "It's a far cry from it, and it is unfortunate that they kept the Bank of America name."

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