Cassa di Risparmio di Pisa is a former Italian

savings bank A savings bank is a financial institution that is not run on a profit-maximizing basis, and whose original or primary purpose is collecting deposits on savings accounts that are invested on a low-risk basis and receive interest. Savings banks ha ...

and charity organization, based in

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 ...

, Tuscany. The bank was spin off into a banking foundation and 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 ...

in 1992. The S.p.A. was acquired by

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 ...

, which was completely absorbed into its subsidiary the saving bank of Lucca in 2006. While the banking foundation, ''Ente Cassa di Risparmio di Pisa'' and then ''Fondazione Cassa di Risparmio di Pisa'' (currently

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 ...

), still operates as a non-profit organization. The foundation also inherited the arts collection of the former bank.

History

Cassa di Risparmio di Pisa was formed on 15 June 1834.

Casse Toscane

Due to

Legge Amato Legge () is a surname. Notable people with the surname include: *Alexander Legge (1866–1933), US businessman, president of International Harvester *Anthony Legge (1939–2013), British archaeologist specialized in zooarchaeology *Arthur Kaye Legg ...

, the bank was split into an ''ente'' and 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 ...

on 7 April 1992 (gazetted on 6 May). About 13.05% shares of the new company were non-voting saving shares (). The ''ente'' immediately sold about 70% shares to Casse Toscane (and received 11.5% shares of Casse Toscane), a new intermediate holding company for the saving bank () of Pisa,

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 ...

Lucca Città di Lucca ( ; ) is a city and ''comune'' in Tuscany, Central Italy, on the Serchio River, in a fertile plain near the Ligurian Sea. The city has a population of about 89,000, while its Province of Lucca, province has a population of 383,9 ...

, Pistoia–Pescia,

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 ...

and

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 ...

. The ''ente'' only hold about 16.95% voting rights of the bank directly or about 25% combined (excluding the saving shares).

Casse del Tirreno

In 1995, CR Pisa, Livorno, Lucca and Banca Monte Lucca quit the union and formed Holding Casse del Tirreno (literally ''Tyrrhenian saving banks'').

Banca Popolare di Lodi

In 1999, C.R. Pisa, Livorno and Lucca were acquired by

(BPL) through sub-holding companies. In 2000 C.R. Pisa had 59 branches. At that time Casse del Tirreno owned 61.69% shares of C.R. Pisa S.p.A.. Istituto di Credito delle Casse di Risparmio Italiane acted as an intermediate holding company (ICCRI, a subsidiary of Bipielle Partecipazioni, another intermediate holding company) that owned 50.01% Casse del Tirreno. However, CR Pisa SpA also owned 1.35% of Casse del Tirreno. In 2001 Casse del Tirreno was absorbed into ICCRI – Banca Federale Europea (ex-ICCRI), which hold 61.31% shares of CR Pisa; Bipielle Partecipazioni owned an additional 12.97% shares of CR Pisa S.p.A. Pisa Foundation also became a minority shareholders of ICCRI for 7.32%, due to the transactions. In 2002 Bipielle Retail became the new intermediate holding company for the 74.28% shares, while Pisa Foundation owned 25.63% shares of CR Pisa S.p.A., as well as 3.91% of BPL's sub-holding Bipielle Investimenti. In 2003, through CR Lucca S.p.A. (and another intermediate holding company

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 ...

), BPL completely privatized CR Pisa SpA. Pisa Foundation owned 7.48% shares of CR Lucca S.p.A. instead. However, BPL and Pisa Foundation also signed an agreement on 12 December 2003 that BPL would buy the shares from the foundation before 15 January 2008. BPL also bought the shares of Bipielle Investimenti from the foundation.

Absorbed to CR Lucca Pisa Livorno

In 2006 CR Pisa SpA was completely absorbed into CR Lucca SpA, which the latter was renamed into CR Lucca, Pisa & Livorno SpA. Immediately after the merger, on 1 July 2006 Pisa Foundation owned 6.66% shares of the new entity. The last annual report of CR Pisa SpA shown the bank had a shareholders equity of €504.789 million on 31 December 2005.

References