Cassa di Risparmio di Foligno

Last updated
Cassa di Risparmio di Foligno
Native name
Cassa di Risparmio di Foligno S.p.A.
TypeSubsidiary of a listed company
IndustryFinancial services
Founded
  • 1857
  • 1992 (spin-off)
Defunct2012
FateMerged to form Casse dell'Umbria
Successor
Headquarters
Foligno
,
Italy
ServicesRetail, commercial and private banking

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.

Contents

History

Found 1857 in Foligno, Papal States, the bank had a philanthropic mission to operate a mount of piety and a saving bank (Italian : Cassa di Risparmio).

Cariplo

In 1992, due to Legge Amato, the daily banking operation, charity and ownership were separated into a società per azioni and Fondazione Cassa di Risparmio di Foligno (a banking foundation). [1] Cassa di Risparmio delle Provincie Lombarde also immediately acquired 20% stake in the new limited company. [2] The stake was diluted to 18.34% in 1996. [3]

Banca Intesa

In July 1999 Banca Intesa the successor of Cariplo, acquired an additional 47.1% ownership from the foundation [4] (reached 70.47% at the end of year 1999 [5] ), as well as grouped 4 other saving banks in Central Italy (2 from Umbria, 2 from Lazio) to one intermediate holding company Holding Intesa Centro (which 97.63% stake of the holding was held by Intesa and the 3 banking foundations (except the Carivit Foundation) held the rest [4] ). In 2001, Ascoli was added into the mini-group, followed by Terni and Narni in 2003.

In 2007, Carifol followed the ultimate holding company to become part of Intesa Sanpaolo Group. In 2008 the group acquired Banca CR Firenze. Intesa Sanapolo sold the shares of Casse del Centro (ex-Holding Intesa Centro) to Banca CR Firenze, making the Florence bank becoming the new intermediate holding company.

merger

In 2012 Carifol and 3 former member of "Casse" Central Holding, Città di Castello, Spoleto and Terni and Narni to become part of Casse di Risparmio dell'Umbria. (3 of them from the Province of Perugia and one of them from the Province of Terni). As part of the deal, Intesa also bought the remain shares from the foundations. Prior to the merger, Banca CR Firenze reached 70.529% ownership ratio on Carifol in 2010 and purchased an additional 21.23% (7,233,756 of 34,078,500 total shares) from the foundation for €27,271,260.12 in 2012, as well as 4.59% (1,565,100 of 34,078,500 total shares) from minority shareholder for about €5.9 million. [6] [7]

Sponsorship

The bank was a sponsor of Foligno Calcio. [8]

See also

Related Research Articles

Intesa Sanpaolo S.p.A. is an Italian international banking group. It is Italy's largest bank by total assets and the world's 27th largest. It was formed through the merger of Banca Intesa and Sanpaolo IMI in 2007, but has a corporate identity stretching back to its first foundation as Istituto Bancario San Paolo di Torino in 1583.

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.

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:

Cassa di Risparmio delle Provincie Lombarde known as Cariplo SpA, was an Italian bank. On 2 January 1998 the bank merged with Banco Ambrosiano Veneto to form Banca Intesa. The company became a short-lived sub-holding company in late 1990s, which was completely absorbed circa 2000.

Cassa di Risparmio in Bologna S.p.A. known as Carisbo, was an Italian savings bank based in Bologna, Emilia-Romagna. The bank was part of Intesa Sanpaolo Group since 2007.

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

Cassa dei Risparmi di Forlì e della Romagna S.p.A., known as Cariromagna, was an Italian savings bank based in Forlì, Emilia-Romagna region. Despite the bank having become branches of Intesa Sanpaolo in 2018, the former parent company of the bank, Fondazione Cassa dei Risparmi di Forlì, as of 2019, is still in operation as a banking foundation and charity organization.

Cassa di Risparmio di Pistoia e della Lucchesia is an Italian regional bank based in Pistoia, Tuscany. The bank was a subsidiary of Banca CR Firenze, with Intesa Sanpaolo as the ultimate holding company.

Cassa di Risparmio della Provincia di Viterbo (Carivit) was an Italian bank and charity organization. The bank sector 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 S.p.A. 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 Orvieto S.p.A. is an Italian bank based in Orvieto, in the Province of Terni, Umbria.

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. ↑ "La Storia" (in Italian). Fondazione Cassa di Risparmio di Foligno. Archived from the original on 2 April 2015. Retrieved 27 March 2015.
  2. ↑ Ministry of the Treasury (1 June 1992). "Approvazione del progetto di ristrutturazione presentato dalla Cassa di risparmio di Foligno" (in Italian). Italian Republic Official Gazette. Retrieved 30 March 2016.
  3. ↑ Cariplo S.p.A. bilancio (financial report and accounts) on 31 December 1996 (in Italian), PDF purchased from Italian C.C.I.A.A.
  4. 1 2 "Relazione sulla gestione Bilancio consolidato 1999" (PDF) (in Italian). 2 June 2000. Archived from the original (PDF) on 24 September 2015. Retrieved 27 March 2015.
  5. ↑ "Allegati Bilancio d'impresa 1999" (PDF) (in Italian). 2 June 2000. Retrieved 27 March 2015.
  6. ↑ 2012 Annual report Banca CR Firenze
  7. ↑ 2013 bilancio Archived 2015-04-02 at the Wayback Machine Fondazione Cassa di Risparmio di Foligno (in Italian)
  8. ↑ "CARIFO-Foligno calcio, un binomio sempre più saldo" (in Italian). TRG Media. 15 November 2006. Retrieved 27 March 2015.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.