Fondazione Banca Agricola Mantovana
Fondazione Banca Agricola Mantovana is an Italian charity organization based in Mantua, Lombardy. It was found by Banca Agricola Mantovana and its parent company Banca Monte dei Paschi di Siena in 2000. BAM was transformed from a cooperative bank to a limited company circa 1999–2000.
According to its by-law, BAM had to pay the foundation 2 billion lire annually. Since the bank was absorbed into Banca MPS in 2008, Banca MPS inherited the responsibility instead. However, Banca MPS refused to honor the contract. In 2015 the foundation seek arbitration for the non-payment for three years.
In the past BAM had rights to name 5 directors, while other 4 directors were named by the comune of Mantua, the Province of Mantua and the Accademia Nazionale Virgiliana.