... traditional commercial banks? Prof Giovanni Manghetti, Chairman, Cassa di Risparmio di Volterra 141 FOREWORD This is a report on the 200 Years of Savings Banks: A Strong and Lasting Business Model ... 200 YEARS OF SAVINGS BANKS: A STRONG AND LASTING BUSINESS MODEL FOR RESPONSIBLE, REGIONAL RETAIL BANKING The findings, interpretations and conclusions expressed in this paper not necessarily ... loans against personal guarantee were small, and therefore adapted to the category of customers that savings banks intended to serve Bigger loans against personal guarantee offered savings banks...