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The California consortium, with Bank of America at its core, included members such as Security Pacific Financial, Crock Agricultural Group, San Francisco Group, Wells Fargo, Lockheed Corporation, Litton Industries, Northrop Grumman, and more.

These companies, through cross holding and joint agreements, had total assets under the control of Bank of America Group amounting to approximately $8.5 billion.

Pre World War II consortia were mostly family based, like the Rockefell ...

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