Banca dell'Umbria 1462 S.p.A. or previously known as Cassa di Risparmio di Perugia was an Italian

savings bank A savings bank is a financial institution whose primary purpose is accepting savings deposits and paying interest on those deposits. They originated in Europe during the 18th century with the aim of providing access to savings products to al ...

. The bank became a subsidiary of

UniCredit UniCredit S.p.A. is an international banking group headquartered in Milan. It is Italy's only systemically important bank (according to the list provided by the Financial Stability Board in 2022) and the world's 34th largest by assets. It was fo ...

in 1999 and ceased to exist in 2005. However, its former owner Fondazione Cassa di Risparmio di Perugia, still operated as a charity organization. The foundation and the S.p.A. were split in 1992 from the original statutory corporation of the bank due to Legge Amato.

History

Predecessor

The history of the bank could traced back to 1462, which

mount of piety A mount of piety is an institutional pawnbroker run as a charity in Europe from Renaissance times until today. Similar institutions were established in the colonies of Catholic countries; the Mexican Nacional Monte de Piedad is still in operatio ...

of Perugia ( it, Monte di Pietà di Perugia) was founded by Franciscans Fortunato Coppoli and Barnaba Manassei da Terni, such as

Bernardine of Feltre Bernardine of Feltre (sometimes Bernardinus of Feltre) was a Friar Minor and missionary, b. at Feltre, Italy, in 1439 and d. at Pavia, 28 September 1494. He is remembered in connection with the monti di pietà of which he was the reorganizer an ...

and Michele Carcano in other cities. The mount was considered as the first mount in Italy. In 1972 the Monte was merged with Cassa di Risparmio di Perugia. (The savings bank of Perugia)

Cassa di Risparmio di Perugia

Cassa di Risparmio di Perugia was founded in 1908.

Cassa di Risparmio di Perugia S.p.A. / Banca dell'Umbria 1462 S.p.A.

In 1992, due to , the bank non-profit making ownership as well as charity work were separated from daily banking operation, thus the formation of Cassa di Risparmio di Perugia S.p.A. and a

banking foundation Banking foundation is a type of foundation that originated as a bank. The banking reforms split the banks (usually local and community owned savings banks, as a statutory corporation) into limited company and holding company (or banking foundation). ...

Fondazione Cassa di Risparmio di Perugia. The bank was renamed to Banca dell'Umbria 1462 S.p.A. In 1999. In 1999 the owner of Cassa di Risparmio di Perugia (Banca dell'Umbria): the banking foundation sold the majority interests to

Rolo Banca Rolo (pronounced /ˈrəʊləʊ/), referring to the roll-styled chocolates, is a brand of truncated cone-shaped or conical frustum-shaped chocolates with a caramel inside. First manufactured in Norwich, Norfolk in the United Kingdom by Mackintos ...

, an associate company of

, for the shares of Rolo Banca. The foundation still held 25.22% shares of Banca dell'Umbria directly and a tiny interests through minority share holding of Rolo Banca for just 3%. In 2001, Mediocredito dell'Umbria, a subsidiary of Banca dell'Umbria, was absorbed into Banca dell'Umbria. In 2003 the banking foundation reduced the shares of Banca dell'Umbria it owned to 3.5% directly and a very tiny interests indirectly through its 0.88% shares of UniCredit. In 2005 Banca dell'Umbria was absorbed into UniCredit.

Banking foundation

A successor of the bank, Fondazione Cassa di Risparmio di Perugia, is a local charity organization of Perugia area. The foundation funded the University for Foreigners Perugia to employ of

Vittorio Sgarbi Vittorio Umberto Antonio Maria Sgarbi (born 8 May 1952 in Ferrara) is an Italian art critic, art historian, writer, politician, cultural commentator and television personality. He is President of the Museum of Modern and Contemporary Art of Tren ...

in 2017. However, the labour contract was voided soon later. The foundation was known for employed Carlo Colaiacovo as chairman for a wage of 1.7

billion Billion is a word for a large number, and it has two distinct definitions: *1,000,000,000, i.e. one thousand million, or (ten to the ninth power), as defined on the short scale. This is its only current meaning in English. * 1,000,000,000,000, i. ...

lire, which was credited as one of the 20 ''uomini d'oro'' (literally "golden men") of Italian public companies in 1998. In 2005, the foundation founded a museum for its art collection in an ancient building Palazzo Baldeschi. Notable collection of the foundation included ''Madonna col Bambino e paesaggio'' by

Pinturicchio Pinturicchio, or Pintoricchio (, ; born Bernardino di Betto; 1454–1513), also known as Benetto di Biagio or Sordicchio, was an Italian painter during the Renaissance. He acquired his nickname (meaning "little painter") because of his sma ...

References

External links

*
Official website of the Fondazione Cassa di Risparmio di Perugia
{{authority control Defunct banks of Italy Banks established in 1908 Italian companies established in 1908 Banks disestablished in 2005 Italian companies disestablished in 2005 Companies based in Perugia Former UniCredit subsidiaries Mounts of piety