Banca del Monte di Foggia

Banca del Monte di Foggia was an Italian regional banking institution headquartered in Foggia, in the Apulia region. It operated as a locally focused bank serving the financial needs of its surrounding territory. The institution was also known as Banca del Monte “Domenico Siniscalco-Ceci” di Foggia, a name honoring a sponsor associated with the bank. The bank’s corporate structure changed as a consequence of Italy’s banking-sector reforms commonly associated with the Amato Law. On 6 December 1994, the historical statutory institution was divided into two separate entities: a joint-stock banking company, which carried on the commercial banking activity, and a banking foundation. This separation reflected the broader Italian process of converting traditional public or charitable banking institutions into corporate banking entities while preserving their philanthropic functions in separate foundations. The banking business was sold in 1998. It subsequently became part of the Banca Popolare dell’Emilia Romagna group through Banca della Campania. On 28 December 2006, the bank was absorbed into Banca della Campania, ending Banca del Monte di Foggia’s existence as a distinct banking operation and brand. The available reference material does not specify the exact consideration paid in the 1998 transaction, the bank’s balance-sheet figures, or the precise scope of its branch network. The associated foundation, Fondazione Banca del Monte di Foggia, continued separately as a charitable organization. Its continuing role represents the institutional and philanthropic legacy of the former bank, while the commercial banking business was integrated into a larger regional banking structure. The brand is therefore best understood as a defunct local banking institution rather than as an active independent financial-services company.

Banca del Monte di Foggia was a regional banking institution based in Foggia, Apulia, Italy. It operated under the traditional “Monte di pietà” or “Monte” banking heritage associated with locally rooted financial institutions that combined banking activity with a broader civic and charitable role. The available reference material does not establish the bank’s original founding year or identify an individual founder. The institution was also known as Banca del Monte “Domenico Siniscalco-Ceci” di Foggia, honoring a sponsor. Its business was regional in character, focused on the Foggia area rather than on a national or international market. The surviving reference does not provide detailed information about its branches, product portfolio, capitalization, or principal executives. A major turning point came on 6 December 1994, when the institution was reorganized in response to the Italian banking reforms associated with the Amato Law. The former statutory corporation was divided into a Società per Azioni, or joint-stock banking company, and a separate banking foundation. The corporate banking entity retained the commercial activity, while the foundation preserved the institution’s charitable and civic function. The banking business was sold in 1998. It later operated within the organizational sphere of Banca della Campania and Banca Popolare dell’Emilia Romagna. On 28 December 2006, Banca del Monte di Foggia was absorbed into Banca della Campania. This merger eliminated the bank as a separate operating institution and marked the end of its independent brand presence in commercial banking. The foundation did not disappear with the banking business. Fondazione Banca del Monte di Foggia continued as a charitable organization, maintaining the non-commercial legacy of the former institution. Accordingly, the history of Banca del Monte di Foggia has two distinct outcomes: its banking operations were progressively corporatized, sold, and consolidated, while its philanthropic identity continued through a legally separate foundation.

1. 2006Absorption into Banca della Campania

   On 28 December, Banca del Monte di Foggia was absorbed into Banca della Campania, then a subsidiary of Banca Popolare dell’Emilia Romagna.

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2. 1998Banking business sold

   The commercial banking business was sold, initiating the transition toward integration with a larger banking group.

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3. 1994Statutory institution divided

   On 6 December, the institution was split into a joint-stock banking company and a separate banking foundation in the context of Italy’s Amato Law banking reforms.

   Source

A locally focused regional bank serving Foggia and the surrounding Apulian area, with a later institutional legacy preserved through a charitable banking foundation.

• Regional commercial bankingCommercial banking

  The bank’s core activity was regional commercial banking in Foggia and the surrounding Apulian area. The supplied reference does not identify specific branded accounts, loan products, cards, or investment services.

• 2006Absorption into Banca della CampaniaM&A

  After the 1998 sale and subsequent group integration, the bank was consolidated into another regional banking company.

  What changed. On 28 December 2006, Banca del Monte di Foggia was absorbed into Banca della Campania.

  Aftermath. The Banca del Monte di Foggia banking entity ceased to operate as a distinct institution, while the associated foundation continued its charitable activities.

  Source
• 1998Sale of the banking businessM&A

  Following the 1994 structural separation, the commercial banking business was transferred through a sale in 1998.

  What changed. The banking business was sold and subsequently associated with the Banca della Campania and Banca Popolare dell’Emilia Romagna group structure.

  Aftermath. The transaction moved the bank away from independent local ownership and toward consolidation within a larger regional banking group.

  Source
• 1994Separation into a banking company and foundationStrategy

  Italian banking reforms associated with the Amato Law required the separation of the commercial banking function from the institution’s foundation and charitable role.

  What changed. On 6 December 1994, Banca del Monte di Foggia was reorganized into a Società per Azioni and a separate banking foundation.

  Aftermath. The banking company continued the commercial business, while the foundation retained the institution’s charitable identity.

  Source

• 2006Banca del Monte di Foggia absorbed into Banca della Campania

  On 28 December 2006, Banca del Monte di Foggia was absorbed into Banca della Campania, a subsidiary of Banca Popolare dell’Emilia Romagna, ending the bank’s independent corporate existence.

  M&A
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• 1998Banking business sold

  The banking business of Banca del Monte di Foggia was sold, beginning its transition from an independent local institution into a larger banking group structure.

  M&A
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• 1994Banca del Monte di Foggia separated into a banking company and a foundation

  As part of the restructuring of Italy’s banking institutions under the Amato Law, Banca del Monte di Foggia was divided into a joint-stock banking entity and a separate banking foundation on 6 December 1994.

  Regulation
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1. Banca del Monte di Foggia