Claim: In 1922 banking operation and the ownership were always merged of Casse Toscane but the bank also formes a common holding company and one of the smallest share holders was Ente Cassa di Risparmio di Firenze.
Evidence: 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. Ente Cassa di Risparmio di Firenze was the largest shareholders of the holding company.