[1] The bank's aim was to finance imports to the US from Italy, to fund acceptance credits, and to gather the deposits of Italian migrants to the US.

[3] In 1924, following changes in US regulations, BCI decided to open a US subsidiary, Banca Commerciale Italiana Trust Co. of New York, in order to be able to continue to gather deposits.

[4] Four years later, in March to June 1928, Giuseppe Toeplitz came to New York[5] to oversee the opening of Bancomit Corp., which BCI established better to operate in US real estate markets.

Fusi represented other Italian business interests in the United States, and served on the board of other the American Chatillon Corporation, a subsidiary of Milan's La Soie de Châtillon.

[12] Two years later, after the US declared war on Italy on 11 December 1941, the United States Federal Reserve sequestrated and liquidated the assets of BCI's agency in the US.