Banca del Monte di Lucca
| Company type | Società per azioni |
|---|---|
| Industry | Financial services |
| Founded | 1489 |
| Headquarters | Lucca , Italy |
| Products | Banking |
| Owner | Banca Carige (51% controlling stake as of 2000) |
Banca del Monte di Lucca S.p.A. is an Italian financial institution that was initially connected to the charitable entity Fondazione Banca del Monte di Lucca until their division occurred during the 1990s.
Bank
The origin of the bank traces back to a mount of piety (), founded in 1489. Following banking sector reforms, it adopted the name Monte di Credito su Pegno di Lucca, maintaining its roots as a mount of piety.
As part of the 1990s banking legislation (it:Legge Amato), the organization was divided in 1992 into a società per azioni and an independent banking foundation.
In that same year, Banca Monte Lucca became a member of the regional consortium Holding Casse Toscane, which included savings banks from Florence, Livorno, Lucca, Pisa, Pistoia, and San Miniato. By 1996, CR Pisa, Livorno, Lucca, and Banca Monte Lucca exited this group to establish Holding Casse del Tirreno. After Banca Popolare di Lodi acquired several entities in 1999, Banca Carige purchased a controlling 51% share in Banca Monte Lucca in 2000. Subsequently, in 2013, the foundation divested an additional 20% stake to Fondazione Cassa di Risparmio di Lucca.
Banking foundation
The previous principal shareholder, Fondazione Banca del Monte di Lucca, possessed minority holdings including 114,348 shares in Cassa Depositi e Prestiti and a 0.1545% interest in Banca Carige. Additionally, the foundation engaged in promoting art exhibitions within the United States.