Cassa di Risparmio delle Provincie Lombarde

Last updated
Cariplo
Native name
Cassa di Risparmio delle Province Lombarde S.p.A.
Company typeprivate società per Azioni
IndustryFinancial services
Defunct1998  OOjs UI icon edit-ltr-progressive.svg
Headquarters
Milan
,
Italy
Subsidiaries Mediocredito Lombardo

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.

Contents

History

Palazzo delle Colonne, expansion of the Ca' de Sass completed in 1941 on a design by Giovanni Muzio and Giovanni Greppi Palazzo della Cassa di Risparmio delle Provincie Lombarde, Milano; veduta generale.jpg
Palazzo delle Colonne, expansion of the Ca' de Sass completed in 1941 on a design by Giovanni Muzio and Giovanni Greppi

The bank was formed on 12 June 1823 by the count Giovanni Pietro Porro, in Kingdom of Lombardy–Venetia, decades before the unification of Italy. Situated in industrialized Northern Italy, the Lombard firm had become one of the major bank in Italy. In 1926 the bank absorbed Cassa di Risparmio di Voghera [1] and Cassa di Risparmio di Novara in 1928. [2]

In December 1991, due to Legge Amato, the bank, as società per azioni, and Fondazione Cariplo were formed to separate ownership, charity and daily banking operation.

The bank also started its own expansion strategy 1990s, which acquired shares of the saving banks of Alessandria, Carrara and Spezia to form Carinord Holding SpA in 1995, (Ca.Ri."Nord", a joint venture of the owners of Alessandria, Carrara and Spezia and Cariplo) [3] as well as Calabria e Lucania (Carical), Puglia (Caripuglia), [4] Salernitana (Carisal) (the formation of Banca Carime). In Marche, Fermo (33.3%), Ascoli (25%), Banca delle Marche (5.13%) were acquired. In Umbria, Spoleto, Città di Castello, Foligno (18.34%); in Lazio the province of Viterbo and Rieti; in Abruzzo Cassa di Risparmio della Provincia di Chieti, Cassa di Risparmio della Provincia di Teramo and Cassa di Risparmio di Pescara e Loreto Aprutino (20% each).

Other banks acquired were Banca Monte Parma (20.5%), German bank Bankhaus Löbbecke and Hungarian bank Európai Kereskedelmi Bank.

In 1997 Fondazione Cariplo and Cariverona agreed a deal on Banco Ambrosiano Veneto's shares, [5] which led to the ultimate merger on 2 January 1998. On 30 September 1997 Fondazione Cariplo held 13.42% shares of Banco Ambrosiano Veneto and 100% shares of Cariplo SpA. [6]

See also

Related Research Articles

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

Banca Intesa S.p.A. was an Italian banking group. It was formed in 1998. 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. In 2007, Banca Intesa merged with another banking group Sanpaolo IMI to become Intesa Sanpaolo, one of few domestic, systemically important banks of Italy.

<span class="mw-page-title-main">Intesa Sanpaolo</span> Italian banking group

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.

<span class="mw-page-title-main">Giovanni Bazoli</span> Italian banker

Giovanni Bazoli is an Italian banker. He is honorary chairman of Italian bank Intesa Sanpaolo

Fondazione Cariplo is a charitable foundation in Milan, Italy. It was created in December 1991 when the Amato law, Law no. 218 of 30 July 1990, came into force. Under this law, saving banks were required to separate into a not-for-profit foundation and a commercial banking arm. The Cassa di Risparmio delle Provincie Lombarde, commonly known as Cariplo, was divided into the Fondazione Cariplo and Cariplo SpA, the bank, which merged with Ambroveneto in 1998.

Banco Ambrosiano Veneto, also known as Banco Ambroveneto for short, was an Italian bank formed in 1989 by the merger of Nuovo Banco Ambrosiano with Banca Cattolica del Veneto.

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.

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

Banca Carime S.p.A. was an Italian bank based in Cosenza, Calabria. The bank was a subsidiary of UBI Banca. As of 31 December 2015, the bank had 216 branches, serving Calabria, Apulia, Campania and Basilicata.

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

Banca Caripe S.p.A. was an Italian saving bank based in Pescara, Abruzzo Region. There were 13 branches of the bank outside the Province of Pescara in Abruzzo and Marche regions, out of 48 total. In 2016 the bank was absorbed by the parent company Banca Popolare di Bari, but retaining as brand.

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 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 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.

Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona, also known by the shorthand Cariverona, was an Italian savings bank headquartered in Verona. It was formed in 1825 from a division of the Monte di Pietà di Verona, itself founded in 1490.

<span class="mw-page-title-main">Cassa di Risparmio della Marca Trivigiana</span>

Cassa di Risparmio della Marca Trivigiana, also known as Cassamarca in short, was an Italian savings bank headquartered in Treviso, Veneto. The history of the bank goes back to 1496 when the charitable institution Monte di Pietà di Treviso was founded. The savings bank was established by the Monte in 1907, following a first bank spinoff in 1822 that ended up being absorbed in 1872 by the Cassa di Risparmio delle Provincie Lombarde.

References

  1. "Voghera". www.intesasanpaolo.mappastorica.com. Archived from the original on 23 December 2016. Retrieved 6 June 2022.
  2. "Novara". www.intesasanpaolo.mappastorica.com. Archived from the original on 23 December 2016. Retrieved 6 June 2022.
  3. "Storia della Fondazione" (in Italian). Archived from the original on 25 March 2015. Retrieved 22 March 2015.
  4. Saldutti, Nicola (4 March 1994). "CARIPLO conquista CARIPUGLIA". Corriere della Sera (in Italian). Retrieved 24 March 2015.
  5. "Fondazione Cariplo in Ambroveneto". Corriere della Sera (in Italian). 26 June 1997. Retrieved 24 March 2015.
  6. http://www.fondazionecariplo.it/static/upload/bil/bilancio-1998-eserc-1996-97.pdf [ bare URL PDF ]