Expansion of the Medici Bank

Timeline

1. 1410–1415Rome · LazioThe Medici Bank established a branch in Rome, taking on papal tax collection, pilgrim exchange, and private financial management for cardinals, expanding its influence in Church finance by exploiting papal fiscal needs in the later years of the Great Schism.
2. 1412–1418Venice · VenetoThe bank opened additional correspondent houses in Venice, Naples, and elsewhere, providing credit and exchange for wool exports, spice imports, and kingdom finances, forming a transnational financial chain spanning the peninsula from north to south.
3. 1415–1420Florence · TuscanyGiovanni consolidated the Medici position among Florence's elite through charitable donations, municipal loans, and guild relations; bank profits fed back into the family's political influence, laying the foundation for the later era of Cosimo.