e/Banca Popolare di Lecco

Information
has gloss	eng: Banca Popolare di Lecco (BPL) was a bank that operated in Lecco, in northern Lombardy in Italy between 1872 and 1993. It was founded in 1872 as the Società Cooperativa di Credito Banca Popolare, with 20 branches. The idea was to create in Lecco a local credit institution that would be responsive to local conditions. Between the 1873 and 1881 the Society faced great difficulties due to a serious local economic depression. Of the 600 and more factories engaged in the silk trade, fewer than 100 survived. In 1912 two other local banks failed, but Banca Popolare survived and converted from a cooperative society to a corporation. The bank benefited from the expansion of war production during World War I. Between 1919 and the 1932 opened numerous branches in the region, and acquired Banca del Mandamento, which permitted it to expand its branch in Como.
lexicalization	eng: Banca Popolare di Lecco
instance of	c/Banks of Italy