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Cosimo de' Medici (27 September 1389 – 1 August 1464) was an Italian statesman, ruler of the Florentine Republic during the Italian Renaissance, and head of the Medici family. He was a close friend of Ilario Auditore, who served as Gonfaloniere to Cosimo during his reign. Cosimo was also the grandfather of Lorenzo de' Medici, and founded the Medici bank.