Banca Agricola Mantovana S.p.A. (BAM) was an Italian bank based in Mantua, Lombardy. The bank was a subsidiary of

Banca Monte dei Paschi di Siena Banca Monte dei Paschi di Siena S.p.A. (), known as BMPS or just MPS, is an Italian bank. Tracing its history to a mount of piety founded in 1472 () and established in its present form in 1624 (), it is the world's oldest or second oldest bank ...

. On 31 March 2008 the bank had a total assets of €13,502,864,975.

History

Found 1871 as Banca Agricola Provinciale Mantovana, Banca Agricola Mantovana (BAM) was a

cooperative bank Cooperative banking is retail and commercial banking organized on a cooperative basis. Cooperative banking institutions take deposits and lend money in most parts of the world. Cooperative banking, as discussed here, includes retail banking carr ...

based in Mantua. In 1932 Banca Mutua Popolare di Mantova was merged with Banca Agricola Mantovana. In 1989 the bank absorbed Banca Operaia di Bologna. In 1998 the bank formed a joint venture agreement with

Unipol Unipol Gruppo S.p.A. is an Italian financial services holding company operating in the insurance and banking fields with headquarters in the Unipol Tower, Bologna. As of 2009 it was ranked as the country's fourth-largest insurer. The company t ...

in Quadrifoglio Vita, an insurance company that operated in BAM's network. BAM also acquired a minority ownership in Finsoe, the intermediate parent company of Unipol. As at 31 December 2000 BAM hold 5.601% of Finsoe. BAM was acquired by

(Banca MPS) in 1999. Circa 1999–2000 the bank was changed from a cooperative society (S.C.) to a limited company (

società per Azioni ''Società'' (Italian: ''Society'') was an Italian communist cultural magazine published in Italy between 1945 and 1961. History and profile ''Società'' was founded as a quarterly magazine in Florence in 1945. The founders were Ranuccio Bianchi ...

). In 2000 Banca MPS controlled 51.487% shares. It was increased to 52.311% in 2001 and 65.546% in 2002. In 2003 Banca MPS acquired 100% shares of BAM and Banca Toscana.

Sanpaolo IMI Sanpaolo IMI S.p.A. was an Italian banking and insurance conglomerate, based in Turin. It employed about 44,000 people and had about 7 million customers. On 24 August 2006 a merger with Banca Intesa was announced, which on 1 December 2006 was app ...

was a minority shareholders of BAM for 8.49% as at 31 December 2001, which was sold to Banca MPS for €206 million. On 21 September 2008 BAM was absorbed into Banca MPS. While Quadrifoglio Vita was transformed to a joint venture of

AXA Axa S.A. (styled as ''AXA'' or GIG in the Middle East) is a French multinational insurance company. The head office is in the 8th arrondissement of Paris, France. It also provides investment management and other financial services. The Ax ...

and Banca MPS in the same year, as well as Banca MPS sold all the shares of Finsoe, the parent company of Unipol.

Sponsorship

Banca Agricola Mantovana was the sponsor of the round 7 of 1984 Italian Formula Three season.

Foundation

In 2000 Banca Agricola Mantovana and Banca Monte dei Paschi di Siena established Fondazione Banca Agricola Mantovana, an independent charity organization.

References

External links

Borsa Italiana archive
* Defunct banks of Italy Former Montepaschi subsidiaries Banks established in 1871 Italian companies established in 1871 Banks disestablished in 2008 Italian companies disestablished in 2008 Companies based in Mantua Defunct cooperative banks of Italy Companies formerly listed on the Borsa Italiana {{Italy-bank-stub

History

Sponsorship

Foundation

See also

References

External links