Banca del Salento – Credito Popolare Salentino S.p.A. was an Italian bank from Lecce, Apulia. The bank was named after the historic Salento region. The bank was acquired by Banca Monte dei Paschi di Siena in 2000, and transformed into Banca 121.
History
Banca del Salento – Credito Popolare Salentino S.p.A. common known as just Banca del Salento S.p.A., was formed by the merger of Banca del Salento S.p.A. and Credito Popolare Salentino S.c.a.r.l. in 1997.[1] The pro forma market share in deposits in the Province of Lecce in 1996 was 20.7%.[2] The bank is also known as Banca 121.
In 2000 Banca Monte dei Paschi di Siena purchased Banca del Salento. At that time Banca del Salento was the leader in asset management for the clients in Apulia, ahead Banca Intesa, Banca Antonveneta, UniCredit