Native name | Banca di Legnano |
---|---|
Founded | 1887 |
Defunct | 2013 |
Headquarters | Legnano , Italy |
Owner | Banca Popolare di Milano (100%) |
Parent | Banca Popolare di Milano |
Banca di Legnano was an Italian bank based in Legnano, Lombardy. The bank was absorbed into the parent company Banca Popolare di Milano in 2013.
Banca di Legnano was a subsidiary of Banca Commerciale Italiana (BCI) for 55% shares. In 1999, BCI merged with Banca Intesa to form the Intesa–BCI group. On 1 January 2001 Banca Popolare di Milano (BPM) acquired all 55% shares from Intesa, for 1,300 billion lire. [1] It also triggered a public offer to buy the remain shares. In 2002 BPM owned 100% shares of Banca di Legnano. [2] In 2007, BPM was the owner of the bank for 93.51% shares, with the rest owned by Crédit Industriel et Commercial (CIC) for 6.49%, which was acquired in 2004. [3] In 2011 BPM acquired the remaining 6.49% shares for €100 million. [4]
In 2012 Cassa di Risparmio di Alessandria was absorbed into Banca di Legnano. [5] In the next year Banca di Legnano was absorbed into BPM on 14 September. [6] On 31 December 2012 the bank had a shareholders equity of €960 million. [5]
The bank was a sponsor of Coppa Bernocchi.
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