La Banca di Cambiano: 140 Anni di Storia

La Banca di Cambiano has a rich history that spans 140 years, as we'll explore in this section. Founded in 1882, the bank has been a stalwart presence in the community, providing financial services to generations of customers.

In its early years, the bank was known for its conservative approach to lending, which helped it weather the economic downturns of the late 19th and early 20th centuries. This prudent approach allowed the bank to maintain a strong balance sheet and continue serving the community.

Today, La Banca di Cambiano continues to be a trusted financial partner for local businesses and individuals, offering a range of services that cater to their unique needs.

Banca Cambiano was born on April 20, 1884, as a cooperative credit institution by Vittorio Niccoli and a group of twenty private citizens.

Its initial name was Cassa Cooperativa di Prestiti di Cambiano, with its headquarters in Castelfiorentino, a town in the province of Florence.

The bank's name has undergone several changes over the years, becoming Cassa Rurale ed Artigiana di Cambiano di Castelfiorentino before finally becoming Banca di Credito Cooperativo di Cambiano in 1994.

In 2017, Banca Cambiano adopted the corporate form of a joint-stock company, known as S.p.A, with the new name Banca Cambiano 1884 S.p.A.

Banca Cambiano was born on April 20, 1884, as a cooperative credit institution.

It was founded by Vittorio Niccoli and a group of 20 private citizens in Cambiano, which was then part of the comune of Castelfiorentino in the province of Florence.

Initially, it was called Cassa Cooperativa di Prestiti di Cambiano.

Later, it assumed the name Cassa Rurale ed Artigiana di Cambiano di Castelfiorentino.

In 1994, the institution became the Banca di Credito Cooperativo di Cambiano.

The company's legal form changed to S.p.A. on January 1, 2017, and it was renamed Banca Cambiano 1884 S.p.A.

The company's headquarters and management moved to Florence, but the operational headquarters remained in Castelfiorentino.

Discover more: Cassa Depositi E Prestiti

Banca di Cambiano was established in 1860, a time of significant economic growth in the region.

The bank's early success can be attributed to its strong relationships with local businesses and families, who saw the value in having a financial institution that understood their needs.

By the early 1900s, Banca di Cambiano had expanded its services to include mortgage lending, helping many families purchase their own homes.

This move was a game-changer for the local community, as it enabled people to own their own properties and invest in their futures.

The bank continued to grow and adapt throughout the 20th century, introducing new technologies and services to stay ahead of the curve.

Banca di Cambiano's commitment to innovation and customer satisfaction has been a key factor in its success over the years.

Today, the bank remains a trusted and respected institution in the region, with a strong reputation for financial stability and community involvement.

Banca Cambiano has a rich history that spans over 140 years, celebrating a remarkable milestone in 2024. It's the direct heir of the oldest active bank of credit cooperative in Italy. The bank was born in 1884 in a small town in Tuscany, founded by a visionary engineer named Vittorio Niccoli.

The bank started as a Cassa di Prestiti, a type of rural bank, and was initially led by Niccoli for 33 years. He was inspired by a meeting with Leone Wollemborg, a banker and future minister, who was a pioneer in the field of rural banks in Italy. These banks were first introduced in Germany by a pastor named Federico Guglielmo Raiffeisen.

Over time, the Cassa di Prestiti evolved into a Banca di Credito Cooperativo, and then into a Società per Azioni in 2017. This change allowed the bank to maintain its autonomy and independence. Despite its evolution, Banca Cambiano has remained true to its core values of being a bank that prioritizes people and the local economy, rather than just seeking profits.

The bank has always been committed to staying connected to its roots and has continued to grow and adapt to the changing times.

Explore further: List of Banks in Italy