Nuova Banca Mediterranea S.p.A. was an Italian bank based in Potenza, Basilicata. The bank was absorbed by

Banca Popolare di Bari Banca Popolare di Bari S.C.p.A. (BP Bari) is an Italian bank based in Bari, Apulia region. The bank covers most of mainland Italy (13 of 18 regions), except Piedmont and Liguria, and all the autonomous regions of Italy: Aosta Valley, Trentino – S ...

in 2004.

History

Banca Mediterranea

Banca Mediterranea S.p.A., based in Pescopagano, in the Province of Potenza, was found in 1992 by the merger of Banca Popolare Cooperativa di Pescopagano e Brindisi and Banca di Lucania. At that time BP Pescopagano had about 40 branches and Banca di Lucania 30. In 1994

Banca di Roma UniCredit Banca di Roma S.p.A. was an Italian bank based in Rome, Lazio region. It was a subsidiary of UniCredit Group. In 2010 the subsidiary was absorbed into the bank, but retained as a registered trademark. In 2008 the bank had 1533 branches: ...

acquired 30% stake in the bank. The two banks at that time had a significant market share in Basilicata and Molise combined (Banca Mediterranea significantly in the Province of Potenza, Basilicata and Banca di Roma significantly in the Province of Campobasso, Molise). In the lending market (short term, year missing), Banca Mediterranea had a market share of 38.44% (Banca di Roma 2.16%) in Basilicata, comparing to competitors

Cassa di Risparmio di Calabria e Lucania Cassa di Risparmio di Calabria e Lucania S.p.A. (Carical) was an Italian bank based in Cosenza, Calabria. The bank was merged with other banks to form Banca Carime. History Cassa di Risparmio di Calabria was found on 24 September 1861. The bank l ...

(16.07%) and

Banco di Napoli Banco di Napoli S.p.A., among the oldest banks in the world, was an Italian banking subsidiary of Intesa Sanpaolo group, as one of the 6 retail brands other than "Intesa Sanpaolo". It was acquired by the Italian banking group Sanpaolo IMI (the p ...

(12.67%). In 1994 Banca Mediterranea had 85 branches, 45 in Basilicata, 23 in Apulia, 16 in Campania and 1 in Molise. The acquisition also caused a lengthy legal battle between the bank and the minority shareholders, which in 2014 quantified that the minority shareholders suffered a loss of €12 million. In 2000 Banca Mediterranea was absorbed into Banca di Roma (which owned 53.09% stake of Banca Mediterranea). At the same time Nuova Banca Mediterranea was formed on 1 July 2000 as a wholly owned subsidiary of Banca di Roma.

Nuova Banca Mediterranea

Nuova Banca Mediterranea S.p.A. (known as Banca Mediterranea in short) was formed in 2000 in Potenza with 78 branches (out of 87 branches of old Banca Mediterranea). At that time the bank had a market share of 10.69% in lending in Basilicata region. In 2001 the bank was sold to Nuova Finanziaria Mediterranea for €284 million, a consortium of

(59.9%),

Veneto Banca Veneto Banca S.p.A. is a former Italian bank headquartered in Montebelluna, Italy and currently a wind-down unit. The bank changed from a cooperative society to a limited company in December 2015. Following a failed stock market listing in June ...

(25%) and

Cattolica Assicurazioni Società Cattolica di Assicurazione – Società Cooperativa known as Cattolica Assicurazioni is an Italian insurance company. According to Ricerche e Studi, a subsidiary of Mediobanca, the group had a €5,382,471,000 (in 2014 financial year) gro ...

(15.1%). Veneto Banca later acquired 29 branches from Banca Mediterranea to form Banca Meridiana, as well as sold all the stake in Nuova Finanziaria Mediterranea in 2002. In 2004 Cattolica Assicurazioni sold the minority interests (20.12%) in Banca Mediterranea to BP Bari for €45,423,716. In the same year the bank was absorbed into the parent company BP Bari.

History

Banca Mediterranea

Nuova Banca Mediterranea

References

See also