Monte di Credito su Pegno di Vicenza
| Company type | Società per azioni (from 1995) |
|---|---|
| Industry | Banking |
| Predecessor | Monte di Pietà di Vicenza |
| Founded | 1486 |
| Fate | Banking operations transferred to Cariverona Banca in 1996 |
| Successor | Cariverona Banca (banking operations) |
| Headquarters | Vicenza , Italy |
| Products | Banking services |
Monte di Credito su Pegno di Vicenza was an Italian bank headquartered in Vicenza, originally founded as the mount of piety called Monte di Pietà di Vicenza. After the , the institution separated its banking operations into a società per azioni in 1995 and subsequently transferred this segment to Cariverona Banca in 1996. The original legal body evolved into Fondazione Monte di Pietà di Vicenza. The bank was distinguished by its historic headquarters located at the in Piazza dei Signori, Vicenza.
History
Established in 1486 within the Republic of Venice, Monte di Pietà di Vicenza originated as a mount of piety () founded by the Franciscan friar Marco da Montegallo. This came 24 years after Italy's first documented mount was created in Perugia by Franciscans Bernardine of Feltre and Michele Carcano. The also owned the .
In 1822, the mount initiated Cassa di Risparmio di Vicenza, a local savings bank during the period when the area was part of the Kingdom of Lombardy–Venetia under the Austrian Empire. The bank ceased operations in 1838, resumed in 1913, gained independence from the mount in 1924, and later merged with Cassa di Risparmio di Verona between 1927 and 1928.
During the 1930s, Italian legislation prompted a name change to Monte di Credito su Pegno di Vicenza for the mount.
Pursuant to Legge Amato reforms, the mount discontinued its banking functions by transferring its operations to Cariverona Banca (the successor of Cassa di Risparmio di Verona e Vicenza) in 1996. Before this transfer, its banking activities were incorporated as a società per azioni on 24 November 1995 under Monte di Credito su Pegno di Vicenza S.p.A. At that time, its share capital amounted to 2.6 billion Italian lire (approximately ECU 1.2 million); following euro adoption, capital was adjusted to €1,341,600 divided into shares each valued at €5.16.
Under Italian banking legislation (), mounts like this one were classified as second category institutions required to cease lending operations before 1 January 1996.
Banking foundation
The original entity was renamed Fondazione Monte di Pietà di Vicenza in 1995 and has since maintained the charitable mission of the mount as a banking foundation. By 2016, its principal asset was a subsidiary named Palazzo del Monte S.p.A., carrying a book value of €1.6 million. This company was formerly known as Monte di Credito su Pegno di Vicenza S.p.A., with the name change occurring around 2004.
The foundation counted among its members one of the 86 participants in the trade association Associazione di Fondazioni e di Casse di Risparmio S.p.A.
Palazzo del Monte di Pietà
Serving as the historical seat of the bank, Palazzo del Monte di Pietà remains an important landmark and tourist destination.