Cassa di Risparmio di Lucca Pisa e Livorno S.p.A. was an Italian saving bank based in Lucca. It was a subsidiary of

Banco Popolare Banco Popolare Società Cooperativa was an Italian bank, formed in 2007 from the merger of Banco Popolare di Verona e Novara (BPVN) and Banca Popolare Italiana (BPI). The bank merged with Banca Popolare di Milano on 1 January 2017. to form Banco ...

and currently a sub-division (under BPL) and brand of the group

Banco BPM Banco BPM S.p.A. is an Italian bank that commenced operations on 1 January 2017, by the merger (approved by the board of directors on 24 May 2016) of Banco Popolare and Banca Popolare di Milano (BPM). The bank is the third largest retail and cor ...

History

Cassa di Risparmio di Lucca

Cassa di Risparmio di Lucca was founded in the

Duchy of Lucca The Duchy of Lucca () was a small Italian state existing from 1815 to 1847. It was centered on the city of Lucca. History The Duchy was formed in 1815 by the Congress of Vienna, out of the former Republic of Lucca and the Principality of Lucca ...

on 9 July 1835. Due to Legge Amato, a

Società per azioni (; abbr. S.p.A. or spa ) is a form of corporation in law of Italy, Italy, meaning 'company with shares' (although often translated as 'joint-stock company', which may or may not be a limited liability entity). It is more or less equivalent to ...

that runs bank activity, and a banking foundation that runs charity activities, were formed on 7 April 1992 (gazetted on 29 April). The foundation immediately sold about 51% shares to an intermediate holding company "Holding Casse Toscane" (literally ''Tuscan saving banks holding''), which also consist of the saving banks () of

Florence Florence ( ; ) is the capital city of the Italy, Italian region of Tuscany. It is also the most populated city in Tuscany, with 362,353 inhabitants, and 989,460 in Metropolitan City of Florence, its metropolitan province as of 2025. Florence ...

Livorno Livorno () is a port city on the Ligurian Sea on the western coast of the Tuscany region of Italy. It is the capital of the Province of Livorno, having a population of 152,916 residents as of 2025. It is traditionally known in English as Leghorn ...

Pisa Pisa ( ; ) is a city and ''comune'' (municipality) in Tuscany, Central Italy, straddling the Arno just before it empties into the Ligurian Sea. It is the capital city of the Province of Pisa. Although Pisa is known worldwide for the Leaning Tow ...

Pistoia Pistoia (; ) is a city and ''comune'' in the Italian region of Tuscany, the capital of a province of the same name, located about north-west of Florence and is crossed by the Ombrone Pistoiese, a tributary of the River Arno. It is a typic ...

San Miniato San Miniato is a town and ''comune'' in the province of Pisa, in the region of Tuscany, Italy. San Miniato sits at a historically strategic location atop three small hills where it dominates the lower Arno valley, between the valleys of the E ...

as well as

Banca del Monte di Lucca 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. Bank The predecessor of the bank, a mount of piety (), was found ...

. CR Lucca received about 18% shares of the holding, making the foundation hold about 49% shares of their own bank directly, or about 58.18% directly and indirectly combined. In 1995, CR Pisa, Livorno, Lucca and Banca Monte Lucca quit the union and formed "Holding Casse del Tirreno" (literally ''Tyrrhenian saving banks holding'').

Banco Popolare era

In 1999 the three saving banks became part of

Banca Popolare di Lodi Banca Popolare di Lodi was an Italian cooperative bank based in Lodi, Lombardy. The bank was absorbed into parent company Banco Popolare in 2011. However, the bank still operates as a division and a brand of the group. History Banca Popolare di Lo ...

, with the foundation of CR Lucca retained 49.66% shares on its own bank. In 2000s, Banca Popolare di Lodi started the internal reorganization of ownership structure (In 2000 Casse del Tirreno was a subsidiary of Istituto di Credito delle Casse di Risparmio Italiane (ICCRI), which in turn a subsidiary of Bipielle Partecipazioni, a subsidiary of Banca Popolare di Lodi; in 2001 Casse del Tirreno was absorbed into ICCRI; in 2002 Bipielle Retail became the new intermediate holding company; in 2003 Pisa and Livorno started to become a subsidiary of Lucca, while Lucca was a subsidiary of

Reti Bancarie Reti Bancarie was an intermediate holding company of Banca Popolare di Lodi Group (aka Bipielle; BPL). BPL's subsidiary reverse takeover listed company Banco di Chiavari e della Riviera Ligure in 2003. in 2006 it was absorbed into BPL. History O ...

) In 2005 Pisa and Livorno were whole owned subsidiaries of Lucca, while Lucca was a subsidiary of Banca Popolare di Lodi through direct (20.93%) and indirect ownership (BPL owned 73.52% shares of Reti Bancarie;

owned 46.28% shares of Lucca).

Merger of CR Lucca, Pisa and Livorno

In 2006 Pisa and Livorno were absorbed into the Saving Bank of Lucca, as well as renamed into Cassa di Risparmio di Lucca Pisa Livorno. In 2007 it became a member of

. Banco Popolare acquired the minority interest of CR Lucca Pisa Livorno SpA from the banking foundation of Pisa in 2008 (foundation excised a put option), and from Livorno in 2011. The bank group also swapped the shares of

Credito Bergamasco Credito Bergamasco (Creberg) was an Italian bank based in Bergamo, Lombardy. The bank was acquired by Banca Popolare di Verona – Banco S. Geminiano e S. Prospero S.c.a.r.l. in 1997. The bank remained as a list company in Borsa Italiana until 20 ...

with the banking foundation of CR Lucca in 2010, as well as paid €156,363,203 in cash, by the foundation excising the

put option In finance, a put or put option is a derivative instrument in financial markets that gives the holder (i.e. the purchaser of the put option) the right to sell an asset (the ''underlying''), at a specified price (the ''strike''), by (or on) a ...

. After the transactions, Banco Popolare became 100% owner of the shares, which turned the company into a division of the bank group. The last annual report of the bank shown the company had a shareholders' equity of €1.197 billion on 31 December 2010.

Sponsorship

The banking division was a sponsor of A.S. Lucchese Libertas 1905.

Banking foundations

Fondazione Cassa di Risparmio di Lucca was the second largest shareholder of

(2.891%), behind BlackRock which actually a proxy for clients (as of 31 December 2015). The foundation also owned 20% of

, as well as a minority ownership in

Cassa Depositi e Prestiti Cassa Depositi e Prestiti S.p.A., also known as CDP S.p.A., is a prominent Italian development bank founded on November 20, 1850, in Turin. Its original duty was to finance public works like roads and waterworks during the reign of Victor Emman ...

(0.984%), CDP Reti (0.094%), F2i SGR (2.241%), as well as several blue chip and/or listed companies:

Intesa Sanpaolo Intesa Sanpaolo Società per azioni, S.p.A. is an Italian international banking group. It is Italy's largest bank by total assets and the world's 27th largest. It was formed through the merger of Banca Intesa and Sanpaolo IMI in 2007, but has a ...

(0.020%),

Banca Monte dei Paschi di Siena Banca Monte dei Paschi di Siena S.p.A. (), known as BMPS or just MPS, is an Italian bank. Tracing its history to a mount of piety founded in 1472 () and established in its present form in 1624 (), it is the world's List of oldest banks, oldest ...

(0.184%),

Banca Carige Banca Carige S.p.A., historically known as Cassa di Risparmio di Genova e Imperia (Ca.Ri.Ge.) was an Italian bank based in Genoa, with more than 500 bank branches in Italy, prior to its acquisition by BPER Banca in February 2022. The predecess ...

(1.109%),

Banca Mediolanum Banca Mediolanum S.p.A. is an Italian bank, insurance and asset management conglomerate which is the parent company of Gruppo Mediolanum (Mediolanum Group). The CEO of the company is Massimo Antonio Doris, and the bank is listed on the Borsa Ital ...

(0.041%),

Cattolica Assicurazioni Cattolica Assicurazioni is an Italian insurance company. Founded in 1896, the company was listed on the FTSE Italia Mid Cap index of the Milan Stock Exchange from November 27, 2000, to August 12, 2022. Acquired by Generali in 2022 and merged ...

(0.324%),

UnipolSai UnipolSai Assicurazioni S.p.A. was an Italian financial services company based in Bologna and founded in 2014, which was part of Unipol Group. In December 2024, Unipol completed the reorganisation of the group with the merger by incorporation o ...

(0.148%),

Assicurazioni Generali Assicurazioni Generali S.p.A. ( , ; meaning 'general insurances') or commonly known as Generali Group is an Italian insurance company based in Trieste. As of 2022, it is the largest insurance company in Italy and ranks among the world's largest i ...

(0.052%),

Enel Enel S.p.A. is an Italian multinational manufacturer and distributor of electricity and gas. Enel was first established as a public body at the end of 1962, and then transformed into a limited company in 1992. In 1999, following the liberali ...

(0.037%),

Eni Eni is an Italian oil and gas corporation. Eni or ENI may refer to: Businesses and organisations * Escuela Nacional de Inteligencia, the Argentine intelligence academy * Groupe des écoles nationales d’ingénieurs (Groupe ENI), a French engi ...

(0.027%), Atlantia (0.064%),

Telecom Italia TIM S.p.A. (formerly Telecom Italia S.p.A.) is an Italian telecommunications company with headquarters in Rome, Milan, and Naples (with the Telecom Italia Tower), which provides fixed, public and mobile telephony, and DSL data services. It is ...

(0.07%),

Snam Snam S.p.A. is an Italian energy infrastructure company. As of 31 December 2023, it had a market capitalization of €15,611 million. Snam was originally a subsidiary of Italian energy company Eni. It has since become an independent company, wh ...

(0.0899%), Terna (0.144%),

STMicroelectronics STMicroelectronics Naamloze vennootschap, NV (commonly referred to as ST or STMicro) is a European multinational corporation, multinational semiconductor contract manufacturing and design company. It is the largest of such companies in Europe. ...

(0.132%),

Engie Engie SA (stylised in all caps as ENGIE) is a French multinational electric utility company, headquartered in La Défense, Courbevoie. Its activities cover electricity generation and distribution, natural gas, nuclear power, renewable energy ...

(0.004%),

Total Total may refer to: Mathematics * Total, the summation of a set of numbers * Total order, a partial order without incomparable pairs * Total relation, which may also mean ** connected relation (a binary relation in which any two elements are comp ...

(0.002%), Exor (0.032%),

Fiat Chrysler Automobiles Fiat Chrysler Automobiles N.V. (FCA), now part of Stellantis, was an Italian-American multinational corporation primarily known as a manufacturer of Car, automobiles, commercial vehicles, List of auto parts, auto parts and production systems. ...

(0.012%), as at 31 December 2015. It had an equity of €1.2 billion. After the merger of Banco Popolare with

Banca Popolare di Milano Banca Popolare di Milano S.p.A. also known as Bipiemme or just BPM is an Italian bank based in Milan, Lombardy. The bank is a wholly owned subsidiary of Banco BPM. Banca Popolare di Milano S.c. a r.l., an urban area cooperative bank, was founded ...

(and the recapitalization of Banco Popolare in 2016), it saw the status as one of the large shareholder of the new bank

, was diluted. It had an

art collection A museum is distinguished by a collection of often unique objects that forms the core of its activities for exhibitions, education, research, etc. This differentiates it from an archive or library, where the contents may be more paper-based, repl ...

Fondazione Pisa The Fondazione Pisa (formerly Fondazione Cassa di Risparmio di Pisa) is a charity organization that was spun off from Cassa di Risparmio di Pisa (the Saving Bank of Pisa) in 1992. From 1992 to 1999 the foundation was the major shareholder of the b ...

and

Fondazione Livorno Cassa di Risparmi di Livorno is a former Italian regional bank and charity organization, based in Livorno, Tuscany. In 1992 the organization was split into a limited company (società per azioni) and a banking foundation ''Fondazione Cassa di Risp ...

did not kept

as their investments.

References

External links

*
Old Official website

Official website of the Fondazione Cassa di Risparmio di Lucca
{{Banco Popolare Defunct banks of Italy Italian brands Banks established in 1835 Banks disestablished in 2011 Italian companies disestablished in 2011 Companies based in Lucca Banco Popolare Italian companies established in 1835