 In 1994, a company limited by shares, was incorporated by the administrator as Nuova Banca del Monte Sant'Agata S.p.A., acquiring the assets and liabilities of the institute; the old institute was being liquidated ().The new legal person was later acquired by fellow Sicilian bank Banca Popolare Sant'Angelo.Banca Regionale Sant'Angelo was an Italian bank based on 1/E via Siracusa, Palermo, Sicily.