The Colonya, Caixa Pollença Savings Bank was founded in 1880 by Guillem Cifre de Colonya, a lawyer and a pedagogue who established in Pollença (Mallorca) the Free Institution of Education, a pioneering institution that revolutionased education and fostered the spirit of critical thinking and freedom in learning in Spain. Colonya was therefore, a financial institution based in Pollença whose primary purpose was to promote the social good and to encourage low income people to save money and have access to banking services. The contribution of both the school and the saving bank on a regional basis, as well as many other charitable projects modernized and improved socially and culturally his own town through the 19th and 20th century. In 1908, after Guillem Cifre de Colonya death, his wife Clara Hammer became the first woman leading a finantial institution in Spain and probably in Europe.
Today Colonya, Caixa Pollença maintains 22 open offices all around the Balearic Islands, aiming to provide retail banking products, financial services and insurances, and is one of the two Saving Banks who survived the last financial crisis within the Spanish territory. The values and goals of Colonya, not just as a financial institution but also as an entity deeply rooted in the Balearics, are to support the islands cultural, historical and social lanscape through its “Guillem Cifre de Colonya Foundation”, its Welfare and Philantropic Division as a Saving Bank, and also through Estalvi Etic, establisehd in 1990´s as the first Ethical Banking experience in Spain.
As a Saving Bank, Colonya´s mission promotes not just economic development via its activities as a Financial Institution, but more importantly, the social, cultural and environmental protection of its surroundings.