George Bailey, the good-guy banker in Frank Capra's classic Christmas film It's a Wonderful Life, was inspired by a real-life good-guy: A.P. Giannini. Drama · An angel is sent from Heaven to help a desperately frustrated businessman by showing . Storyline. George Bailey has spent his entire life giving of himself to the people of Bedford Falls. But on Christmas Eve, George's Uncle Billy loses the business's $8, while intending to deposit it in the bank. Potter finds. Today I found out about the real life “ George Bailey ” (It's a Wonderful Life), who founded the Bank of Italy which became Bank of America.