Cassa di Risparmio di Pistoia e della Lucchesia
An Italian regional savings bank headquartered in Pistoia that expanded across Tuscany and became part of the Intesa Sanpaolo banking group.
Last updated August 31, 2026
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History
The institution's historical lineage begins with the Cassa di Risparmio di Pistoia, founded in 1831, and the savings bank of Pescia, founded in 1840. Banca di Pistoia was absorbed in 1932. In 1936, the Pistoia and Pescia savings banks merged to form Cassa di Risparmio di Pistoia e Pescia. The following year, the new institution absorbed the Pistoia Mount of Piety. The bank was reorganized in 1992 in response to Italy's banking-sector reforms commonly associated with the Amato Law. Its commercial banking operations were transferred to a joint-stock company, while a separate nonprofit entity retained a foundation role and shareholdings. That entity was initially called Ente Cassa di Risparmio di Pistoia e Pescia and was later renamed Fondazione Cassa di Risparmio di Pistoia e Pescia. The bank participated in the Tuscan consolidation landscape through Holding Casse Toscane. In 1998, the Pistoia-Pescia institution was separated from that holding arrangement through Finanziaria CRPT, which was later merged back into the bank. In December 1999, Banca CR Firenze acquired 51 percent of the ordinary shares. It bought a further 9 percent from the foundation in 2005. Banca CR Firenze's merger into Intesa Sanpaolo on 29 January 2008 connected the Pistoia bank to Intesa Sanpaolo. In January 2012, the foundation sold a substantial block of ordinary and savings shares. That year the bank adopted its later name, Cassa di Risparmio di Pistoia e della Lucchesia, reflecting a territorial expansion into Lucca and Massa-Carrara. Branches in Florence, Prato, and Bologna, together with selected Pistoia branches, were transferred to sister institutions. The available reference material does not clarify whether the brand continues as a standalone bank, has been absorbed, or operates under another successor identity.
- 2012
Name and regional footprint change
[1]The bank adopts the Cassa di Risparmio di Pistoia e della Lucchesia name and expands its territorial focus toward Lucca and Massa-Carrara.
- 2008
The bank enters the Intesa Sanpaolo group
[1]The merger of Banca CR Firenze into Intesa Sanpaolo places the regional savings bank under Intesa Sanpaolo's ultimate ownership.
- 1999
Banca CR Firenze acquires majority ownership
[1]Banca CR Firenze purchases 51 percent of the ordinary shares, establishing control over the bank.
- 1992
Banking operations are separated from the foundation
[1]The institution is reorganized into a joint-stock operating bank and a separate nonprofit entity under Italy's banking reforms.
- 1937
Pistoia Mount of Piety is absorbed
[1]The bank expands its historical institutional base through the absorption of the Pistoia Mount of Piety.
- 1936
Cassa di Risparmio di Pistoia e Pescia is formed
[1]The Pistoia and Pescia savings banks merge to create the institution that preceded the later Lucchesia-named bank.
- 1932
Banca di Pistoia is absorbed
[1]Banca di Pistoia is incorporated into the Pistoia savings-bank organization.
- 1840
The Pescia savings bank is founded
[1]The savings bank of Pescia is founded and later becomes part of the combined Pistoia-Pescia institution.
- 1831
Cassa di Risparmio di Pistoia is founded
[1]The institution's Pistoia predecessor is established, providing the earliest documented foundation for the later regional bank.
Products and positioning
A locally rooted Tuscan savings-bank brand focused on retail and commercial banking, with a regional identity built around Pistoia and later extended to Lucca and Massa-Carrara.
Banking services
Retail banking
The bank provided conventional services for individuals and households through its regional branch network. These services included deposit-taking, account administration, payments, and access to credit. The available reference material identifies the institution as a regional savings bank but does not document specific branded account products.
Banking services
Commercial banking
The institution served local businesses and other commercial customers in its operating territories. Its commercial role included lending and related banking support, although the available sources do not provide a detailed product catalogue or segment-level financial disclosure.
Distribution channel
Branch banking network
Branches were the principal visible distribution channel for the regional bank. The network was initially concentrated in Pistoia and was later reconfigured to include locations in Lucca and Massa-Carrara, while branches in Florence, Prato, Bologna, and selected Pistoia locations were transferred to sister companies.
Marketing campaigns
- Pistoia Basket 2000 sponsorship
Pistoia · Italy
The bank sponsored Pistoia Basket 2000, linking its regional banking identity with a prominent local sporting organization.
Brand decisions
2012
Regional expansion and renamingStrategyBackground
The bank broadened its branch presence beyond the Province of Pistoia and adjusted its network within the Intesa Sanpaolo group.
Action taken
It adopted the Cassa di Risparmio di Pistoia e della Lucchesia name, added coverage in Lucca and Massa-Carrara, and transferred branches in several other provinces to sister companies.
Aftermath
The brand's geographic positioning shifted from a Pistoia-Pescia identity toward a wider northwestern Tuscan regional profile.
2008
Integration into Intesa SanpaoloM&ABackground
Banca CR Firenze merged into Intesa Sanpaolo, changing the ultimate ownership structure of the Pistoia-Pescia savings bank.
Action taken
The regional bank followed Banca CR Firenze into the Intesa Sanpaolo banking group.
Aftermath
Intesa Sanpaolo became the ultimate holding company, while Banca CR Firenze remained the direct parent identified in the reference material.
2005
Additional shares are acquired from the foundationM&ABackground
Banca CR Firenze continued consolidating its ownership of the regional bank.
Action taken
Banca CR Firenze bought an additional 9 percent of the ordinary shares from the foundation for approximately 32.5 million euros.
Aftermath
The transaction further reduced the foundation's direct influence before the bank entered the Intesa Sanpaolo group.
Purchase price. Approximately €32.5 million paid for an additional 9% of ordinary shares (2005)
1999
Banca CR Firenze takes majority controlM&ABackground
Following the restructuring of the Tuscan savings-bank sector, ownership of the Pistoia-Pescia bank was consolidated under Banca CR Firenze.
Action taken
Banca CR Firenze acquired 51 percent of the ordinary shares, leaving the foundation with a minority interest.
Aftermath
The bank became part of the Banca CR Firenze corporate structure and was later brought into Intesa Sanpaolo.
1992
Separation into an operating bank and foundationStrategyBackground
Italian banking reform required the traditional savings-bank structure to be reorganized, separating commercial banking operations from the nonprofit institutional entity.
Action taken
The bank's operating activities were placed in a joint-stock company, while Ente Cassa di Risparmio di Pistoia e Pescia retained a foundation-like role and shareholdings.
Aftermath
The reorganization enabled later ownership changes and participation in Tuscan banking consolidation.
Sources1 sources
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