Cassa di Risparmio di Perugia
| Company type | Società per Azioni |
|---|---|
| Industry | Banking |
| Predecessor | Monte di Pietà di Perugia (1462) |
| Founded | 1908 |
| Defunct | 2005 |
| Fate | Merged into UniCredit branch network |
| Headquarters | Perugia , Italy |
| Products | Retail and business banking services |
| Parent | UniCredit (from 1999) |
Banca dell'Umbria 1462 S.p.A., originally known as Cassa di Risparmio di Perugia, was an Italian savings institution that became part of the UniCredit group in 1999 and was completely merged into UniCredit's branch network by 2005. The former proprietor, Fondazione Cassa di Risparmio di Perugia, continues to function as a philanthropic organization. The division between the bank and the foundation occurred in 1992 as a result of the Legge Amato reforms.
Origins
The roots of the bank trace back to 1462 with the foundation of the Monte di Pietà di Perugia, established by Franciscans Fortunato Coppoli and Barnaba Manassei da Terni. This institution was among Italy's earliest mounts of piety, laying groundwork for subsequent banking developments. In 1972, it merged with Cassa di Risparmio di Perugia.
Cassa di Risparmio di Perugia
Established in 1908, Cassa di Risparmio di Perugia evolved into a regional savings bank catering to both retail and business clients throughout Umbria.
Transformation into Cassa di Risparmio di Perugia S.p.A. / Banca dell'Umbria 1462 S.p.A.
Following the implementation of Legge Amato in 1992, the bank’s charitable functions and non-profit ownership were separated from its commercial operations, resulting in the creation of Cassa di Risparmio di Perugia S.p.A. alongside the banking foundation Fondazione Cassa di Risparmio di Perugia. In 1999, the banking entity was rebranded as Banca dell'Umbria 1462 S.p.A..
That year also saw the foundation divest a controlling interest in Cassa di Risparmio di Perugia (Banca dell'Umbria) to Rolo Banca, affiliated with UniCredit, receiving shares of Rolo Banca in return. The foundation maintained a 25.22% direct holding in Banca dell'Umbria plus a minor stake through a 3% shareholding in Rolo Banca. In 2001, its subsidiary Mediocredito dell'Umbria was merged into Banca dell'Umbria. By 2003, the foundation had reduced its direct participation to 3.5%, retaining a small indirect stake through ownership of 0.88% in UniCredit.
The full incorporation of Banca dell'Umbria into UniCredit was completed in 2005.
Banking foundation
The successor entity, Fondazione Cassa di Risparmio di Perugia, operates as a charitable institution within the Perugia region. It provided funding to the University for Foreigners Perugia to employ Vittorio Sgarbi in 2017; however, this agreement was shortly thereafter terminated.
The foundation attracted attention when it appointed Carlo Colaiacovo as chairman with remuneration amounting to 1.7 billion lire, placing him among Italy’s top twenty compensated executives—referred to as uomini d'oro ("golden men")—in public enterprises during 1998.
In 2005, the foundation inaugurated a museum at Palazzo Baldeschi to showcase its art collection, which includes significant works such as Madonna col Bambino e paesaggio by Pinturicchio.
See also