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Banca Mediterranea S.p.A., based in Pescopagano, in the Province of Potenza, was found in 1992 by the merger of Banca Popolare Cooperativa di Pescopagano e Brindisi and Banca di Lucania. At that time BP Pescopagano had about 40 branches and Banca di Lucania 30. In 1994 Banca di Roma acquired 30% stake in the bank.