The bank was known for its headquarters, Palazzo del Monte di Pietà [it] in the Piazza dei Signori.

Monte di Pietà di Vicenza was founded in 1486 as a mount of piety (Italian: monte di pietà),[4] by Franciscan Marco da Montegallo[5] in the Republic of Venice, 24 years after the first recorded mount of Italy was founded in Perugia, by other Franciscans, Bernardine of Feltre and Michele Carcano, in the Papal States.

Due to Legge Amato, the mount closed its banking activities by selling the business to Cariverona Banca (Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona) in 1996, the successor of Cassa di Risparmio di Verona e Vicenza of 1927−28 merger, after the incorporation of the banking business as a subsidiary in società per azioni legal form on 24 November 1995, as Monte di Credito su Pegno di Vicenza S.p.A.[8] The S.p.A. had a share capital of 2.6 billion lire,[2] around ECU 1.2 million, the predecessor of euro, in 1995 average exchange rate;[9] since the introduction of euro, the share capital was set at €1,341,600, divided by €5.16 per share.

[3] The original legal person of the bank was also renamed to Fondazione Monte di Pietà di Vicenza in 1995, which continued the charity function of the mount, as a banking foundation.

As of 31 December 2016[update], the major assets of the banking foundation, was a subsidiary called Palazzo del Monte S.p.A., for a book value of €1.6 million.