History of Bank

 The present era of banking can be traced to wealthy medieval Renaissance Italian city-states, whose elite families such as the Bardi and Peruzzi dominated banking in 14th-century Florence before establishing branches in many other parts of Europe.^{[10][page needed]} Giovanni di Bicci de' Medici set up one of the most famous Italian banks, the Medici Bank, in 1397.^[11] The Consell de Cent founded the earliest-known state deposit bank, the Taula de canvi de Barcelona (Table of Change), in 1401 at Barcelona. This was followed by The Banco di San Giorgio (Bank of St. George), created in 1407 at Genoa, Italy.^[12]