Banca del Monte di Lucca
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Banca del Monte di Lucca S.p.A. is an Italian bank. It was related to charity organization Fondazione Banca del Monte di Lucca until the 1990s, when the organizations were separated.
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| Formerly |
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| Company type | subsidiary | ||||||
| Industry | Financial services | ||||||
| Founded | 1489 (as mount of piety) 1992 (current legal person) | ||||||
| Headquarters | , Italy | ||||||
| Owner |
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| Parent | Banca Carige | ||||||
Bank
The predecessor of the bank, a mount of piety (Italian: monte di pietà), was founded in 1489.[1] The bank was later changed the denomination to Monte di Credito su Pegno di Lucca due to a banking reform, despite the "Monte" reflected the mount of piety root.[citation needed]
Due to another banking reform in 1990s (it:Legge Amato), the larger organization was split into a società per azioni and a separate banking foundation in 1992.[2]
Banca Monte Lucca, and the savings banks of Florence, Livorno, Lucca, Pisa, Pistoia, San Miniato, also formed a loose banking group: Holding Casse Toscane in the same year.[3] In 1996, CR Pisa, Livorno, Lucca and Banca Monte Lucca quit the group and formed Holding Casse del Tirreno.[4] In 1999 the three savings banks were acquired by Banca Popolare di Lodi. In 2000 Banca Carige acquired 51% shares of Banca Monte Lucca S.p.A.. The foundation sold a further 20% in 2013 to Fondazione Cassa di Risparmio di Lucca.
Banking foundation
The former majority owner of the bank, Fondazione Banca del Monte di Lucca, was a minority owner of Cassa Depositi e Prestiti for 114,348 shares. The foundation also owned 0.1545% of Banca Carige.[5]
The foundation also sponsored arts exhibitions in the United States.[6]
References
External links
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