Cassa di Risparmio di Alessandria

Last updated
Cassa di Risparmio di Alessandria
Company typesubsidiary of a listed company
Industry Financial services
Founded1838
1991 (S.p.A. & Fondazione)
Defunct2012 (S.p.A. only)
HeadquartersAlessandria, Piedmont, Italy
ProductsRetail banking
OwnerFondazione CR Alessandria (1991–2003; majority)
Banca Popolare di Milano (2003–2012)
Parent Banca Popolare di Milano

Cassa di Risparmio di Alessandria was an Italian regional bank based in Alessandria, Piedmont. It was absorbed into the parent company Banca Popolare di Milano in 2012.

Contents

The former owner of the bank, Fondazione Cassa di Risparmio di Alessandria, still operates as a charity organization.

History

Founded on 21 August 1838, at that time still in Kingdom of Sardinia. The daily banking operation and ownership were split into a società per azioni and Fondazione Cassa di Risparmio di Alessandria in 1991. Istituto Mobiliare Italiano also subscribed the capital increase of the bank for 23 billion lire (15.330 billion lire increase in share capital), owning 11.33% stake after the deal. [1] In 1995, the bank was merged with the saving banks (Italian : Cassa di Risparmio) from Spezia and Carrara to form "Carinord Holding" (acronym of Ca.Ri. North), which the former owners of the banks (the foundations) as well as Cassa di Risparmio delle Provincie Lombarde (Cariplo) were the new shareholders of the holding company, [2] despite the three banks remains as separate subsidiaries. In 2002 CR Alessandria was break away from the union, which Foundation CR Alessandria and Cariplo were the major shareholders of the bank (80%) through "Carinord 1 SpA", a 50-50 joint venture. The foundation held 20% directly, thus held 60% shares directly and indirectly in total. In 2003 Intesa Sanpaolo (ex-Cariplo) sold its shares on the bank to Banca Popolare di Milano. [3] At the same time the foundation held a minority shares of Banca Popolare di Milano and some of its subsidiaries, as well as retained the 20% shares on CR Alessandria. [4] On 11 February 2012 the bank was absorbed by Banca di Legnano, a wholly owned subsidiary of Banca Popolare di Milano, despite Banca di Legnano was absorbed also in 2013.

CR Alessandria was the minority shareholders of Cassa di Risparmio di Tortona which acquired from Cassa di Risparmio di Torino. [5] Due to 2003 transactions, the shares of Tortona was owned by the foundation of CR Alessandria instead.

Bank Foundation

Fondazione Cassa di Risparmio di Alessandria still operates as a charity organization. In 2006 the foundation sold the minority shares holding in Cassa di Risparmio di Tortona to Banca Regionale Europea, a subsidiary of Banca Lombarda e Piemontese for €38.5 million. [6] As of 31 December 2013, the foundation had an equity of €311,593,557. [7] The foundation held a minority shares holding in Cassa Depositi e Prestiti for 39,932 shares, as well as 0.506% of Banca Popolare di Milano.

See also

Related Research Articles

<span class="mw-page-title-main">Banca Intesa</span>

Banca Intesa S.p.A. was an Italian banking group, formed in 1998 by merger of Cassa di Risparmio delle Provincie Lombarde (Cariplo) and Banco Ambrosiano Veneto. The next year, the banking group merged with Banca Commerciale Italiana to become IntesaBCi, but the name of the group was reverted to Banca Intesa in 2003.

<span class="mw-page-title-main">Crédit Agricole Italia</span>

Crédit Agricole Italia S.p.A., formerly Crédit Agricole Cariparma S.p.A., is an Italian banking group, a subsidiary of French banking group Crédit Agricole. Crédit Agricole Italia was ranked as the 11th largest bank in Italy by total assets at 31 December 2015. The group serving Emilia-Romagna, Liguria and Friuli-Venezia Giulia, where the predecessors originated, as well as Campania, Lazio, Lombardy, Piedmont, Tuscany, Umbria and Veneto, or half of Italian regions.

Banca Adriatica S.p.A. trading as UBI Banca Adriatica and formerly known as Nuova Banca delle Marche S.p.A. was an Italian bank based in Jesi, Marche region. It has operations in several regions in central Italy, but concentrated in Marche region, which 73% of the branches were located in that region as of 2016. The bank was formed on 22 November 2015 by the spin off of the good assets of the original Banca delle Marche S.p.A..

Crédit Agricole Carispezia S.p.A. formerly known as Cassa di Risparmio della Spezia S.p.A., or Carispezia in short, is an Italian savings bank, which is part of Crédit Agricole Italia, the Italian arm of French banking group Crédit Agricole.

<span class="mw-page-title-main">Banca CR Firenze</span> Former Italian bank

Banca Cassa di Risparmio di Firenze S.p.A. known as Banca CR Firenze, was an Italian savings bank. Once a listed company, the group now part of Intesa Sanpaolo since 2007.

Cassa di Risparmio is the Italian word for savings bank, and may refer to:

<span class="mw-page-title-main">Cassa di Risparmio delle Provincie Lombarde</span> Former Chinese bank

Cassa di Risparmio delle Province Lombarde, known in shorthand as Cariplo SpA, was an Italian bank founded in 1823. On 2 January 1998, it merged with Banco Ambrosiano Veneto to form Banca Intesa. Cariplo SpA became a short-lived sub-holding company of Intesa in late 1990s, and was fully absorbed circa 2000.

<span class="mw-page-title-main">Cassa di Risparmio di Ascoli Piceno</span>

Cassa di Risparmio di Ascoli Piceno known as Carisap, is a former Italian regional bank based in Ascoli Piceno, Marche. A subsidiary of Intesa Sanpaolo, the bank merged with another subsidiary of the group, Banca dell'Adriatico in 2013.

Cassa di Risparmio di Venezia S.p.A. known as Carive or CR Venezia in short, is a former Italian savings bank, based in Venice, Veneto. It was a subsidiary of Intesa Sanpaolo. The former owner of the bank, Fondazione di Venezia, still acts as a charity organization.

Cassa di Risparmio di Foligno, or Carifol in short, is a former Italian regional bank based in Foligno, Umbria. A subsidiary of Intesa Sanpaolo, the bank was merged with 3 other saving banks in Umbria to form Casse di Risparmio dell'Umbria in 2012.

Cassa di Risparmio di Cento S.p.A. is an Italian savings bank based in Cento, Emilia-Romagna, which serve the Province of Ferrara, Bologna and Modena.

Cassa di Risparmio di Tortona was an Italian savings bank based in Tortona, Piedmont. The bank was merged into Banca Lombarda in 1999, while the former owner of the bank, Fondazione Cassa di Risparmio di Tortona, still operates as a charity organization.

<span class="mw-page-title-main">Cassa di Risparmio di Lucca Pisa Livorno</span> Italian savings bank

Cassa di Risparmio di Lucca Pisa e Livorno S.p.A. was an Italian saving bank based in Lucca. It was a subsidiary of Banco Popolare and currently a sub-division and brand of the group Banco BPM.

Banca Tercas, formerly known as Cassa di Risparmio della Provincia di Teramo was an Italian savings bank based in Teramo, Abruzzo. On 1 January 2011 the bank purchased fellow savings bank Banca Caripe from Banco Popolare. The enlarged banking group was also referred as Tercas Caripe. However, Tercas was acquired by Banca Popolare di Bari in 2014, which in turn Tercas and Caripe became part of the BP Bari Group as divisions. A spin off organization of the bank, Fondazione Cassa di Risparmio della Provincia di Teramo or Fondazione Tercas, still operates as a charity organization and independent from Banca Popolare di Bari.

Cassa di Risparmio della Provincia di Viterbo (Carivit) was an Italian bank and charity organization. The banking business was acquired by Cariplo in 1990s. In 2015 Intesa Sanpaolo completely absorbed the bank.

Cassa di Risparmio di Fano S.p.A. (Carifano) was an Italian saving bank based in Fano, Marche. The bank had 40 branches all in Marche and Umbria.

Cassa di Risparmio di Fermo S.p.A. (Carifermo) is an Italian savings bank based in Fermo, Marche region.

Casse di Risparmio dell'Umbria S.p.A., known as Casse dell'Umbria, is an Italian retail bank based in Terni, Umbria. The bank is a subsidiary of Intesa Sanpaolo.

Associazione di Fondazioni e di Casse di Risparmio Spa is an Italian banking association. The members were the savings banks of Italy, or the foundation that originate from the reform trigger by Legge Amato.

Cassa di Risparmio di Carrara S.p.A. was an Italian saving bank based in Carrara, Tuscany. The bank was absorbed by the parent company Banca Carige in 2015.

References

  1. Ministry of the Treasury (17 January 1992). "Approvazione del progetto di ristrutturazione presentato dalla Cassa di risparmio di Alessandria" (in Italian). Italian Republic Official Gazette. Retrieved 18 May 2016.
  2. "Storia della Fondazione" (in Italian). Archived from the original on 25 March 2015. Retrieved 22 March 2015.
  3. "Comunicati stampa Intesa Sanpaolo" (in Italian). Banca Intesa. 8 September 2003. Retrieved 6 April 2015.
  4. "Bilancio 2003 (parte 2)" (PDF) (in Italian). Fondazione Cassa di Risparmio di Alessandria. 1 July 2004. Retrieved 6 April 2015.
  5. "LA BANCA CRT VENDE LA CASSA DI TORTONA". La Repubblica (in Italian). 24 July 1997. Retrieved 6 April 2015.
  6. "Bilancio d'esercizio 2006" (PDF) (in Italian). Fondazione Cassa di Risparmio di Alessandria. 6 September 2007. Retrieved 6 April 2015.
  7. "Bilancio 2013 (parte 3)" (PDF) (in Italian). Fondazione Cassa di Risparmio di Alessandria. 18 December 2014. Retrieved 6 April 2015.