Banca dell'Adriatico S.p.A. was an Italian regional bank based in

Pesaro Pesaro () is a city and ''comune'' in the Italian region of Marche, capital of the Province of Pesaro e Urbino, on the Adriatic Sea. According to the 2011 census, its population was 95,011, making it the second most populous city in the Marche, ...

, Marche. The bank was a subsidiary of

Intesa Sanpaolo 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 s ...

History

Banca Popolare Pesarese was found in Pesaro, Marche in 1875, at that time 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 ...

. In 1989 the bank was merged with Romagnol company Cooperativa di Bagnacavallo e Fusignano, becoming Banca Popolare Pesarese e Ravennate. In 1994 Banca Popolare Abruzzese Marchigiana (itself a merger of Banca Popolare di Teramo, based in Abruzzo and Banca Popolare di San Benedetto del Tronto, based in Marche and Banca Popolare di Castel di Sangro based in Abruzzo ) joined the group as Banca Popolare dell'Adriatico ( Popular Bank of

Adriatic The Adriatic Sea () is a body of water separating the Italian Peninsula from the Balkans, Balkan Peninsula. The Adriatic is the northernmost arm of the Mediterranean Sea, extending from the Strait of Otranto (where it connects to the Ionian Sea) ...

coasts). The bank was acquired by

Cassa di Risparmio in Bologna 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. The former owner of the bank, Fondazione Carisbo, still held 2.023% shares ...

in 1997 (Carisbo; for 47.08% shares),Casse Emiliano Romagnole S.p.A. ''bilancio'' (financial report and accounts) on 31 December 1997
PDF purchased from C.C.I.A.A.
(in Italian) which was part of Casse Emiliano Romagnole Group (CAER). CAER also hold 5% shares directly. In 1997 the bank also transformed from a

cooperative society A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-control ...

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 ...

(limited company). The bank followed the merger of the parent company to Cardine Banca Group in 2000. Carisbo retained as a sub-holding company, while Cardine owned and additional 12.921%. In 2002 the bank followed the parent company to become part of

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 ...

Group, and again part of

in 2007. In 2006 Banca Popolare dell'Adriatico was absorbed into the parent company concurrently the formation of Sanpaolo Banca dell'Adriatico, which received the branches from Sanpaolo IMI and Banca Popolare dell'Adriatico in the region of Marche, Abruzzo and Molise. However former branches located in Romagna, were transferred to Cassa dei Risparmi di Forlì instead. In 2007 the name was changed to Banca dell'Adriatico. In 2013 Banca dell'Adriatico absorbed

Cassa di Risparmio di Ascoli Piceno 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. The former ...

(Carisap). In 2016 the bank was absorbed into the parent company.

Sponsorship

The bank sponsored

San Benedetto Tennis Cup The San Benedetto Tennis Cup is a professional tennis tournament played on outdoor red clay courts. It is currently part of the Association of Tennis Professionals The Association of Tennis Professionals (ATP) is the governing body of the me ...

which previously sponsored by Carisap.

References

External links

* Banks established in 1875 Italian companies established in 1875 Banks disestablished in 2016 2016 disestablishments in Italy Defunct banks of Italy Companies based in le Marche Former Intesa Sanpaolo subsidiaries Cardine Banca {{Italy-bank-stub

History

Sponsorship

See also

References

External links