Claim: In 1922 banking operation and the ownership were separated of Casse Toscane but the bank also formed a common holding company and one of the smallest share holders was Ente Cassa di Risparmio di Firenze.
Evidence: In 1992 the bank also formed a common holding company Casse Toscane for the Saving Bank of Florence, Livorno, Pisa, Pistoia–Pescia, San Miniato and Banca del Monte di Lucca. In 1992, due to Legge Amato, the banking operation and the ownership were separated into a società per azioni and banking foundation Ente Cassa di Risparmio di Firenze.