Banca Monte Parma was an Italian regional bank, active in the provinces of

Parma Parma (; egl, Pärma, ) is a city in the northern Italian region of Emilia-Romagna known for its architecture, Giuseppe Verdi, music, art, prosciutto (ham), Parmigiano-Reggiano, cheese and surrounding countryside. With a population of 198,292 ...

Piacenza Piacenza (; egl, label= Piacentino, Piaṡëinsa ; ) is a city and in the Emilia-Romagna region of northern Italy, and the capital of the eponymous province. As of 2022, Piacenza is the ninth largest city in the region by population, with over ...

and

Reggio-Emilia Reggio nell'Emilia ( egl, Rèz; la, Regium Lepidi), usually referred to as Reggio Emilia, or simply Reggio by its inhabitants, and known until 1861 as Reggio di Lombardia, is a city in northern Italy, in the Emilia-Romagna region. It has abou ...

. In mid-2015 it was absorbed into the parent company.

History

The bank was founded in Parma in 1488 as ''Mons Pietatis Almae Civitatis Parmae'' by

Bernardine of Feltre Bernardine of Feltre (sometimes Bernardinus of Feltre) was a Friar Minor and missionary, b. at Feltre, Italy, in 1439 and d. at Pavia Pavia (, , , ; la, Ticinum; Medieval Latin: ) is a town and comune of south-western Lombardy in northe ...

, in order to combat usury – he was known for his violent

anti-Judaism Anti-Judaism is the "total or partial opposition to Judaism as a religion—and the total or partial opposition to Jews as adherents of it—by persons who accept a competing system of beliefs and practices and consider certain genuine Judai ...

. This makes it one of the oldest banks in the world.

Operations

In 1991, in order to comply with new Italian banking regulations, the company became a

joint-stock company A joint-stock company is a business entity in which shares of the company's capital stock, stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their share (finance), shares (certificates ...

and a subsidiary of Fondazione Monte di Parma ( Fondazione Monteparma).

Cariplo as minority shareholder

From 1994 to 1999, Cassa di Risparmio delle Provincie Lombarde (

Cariplo 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 w ...

) owned 20.5% of Banca Monte Parma with the rest held by the foundation. Cariplo was a wholly owned subsidiary of

Banca Intesa Banca Intesa S.p.A. was an Italian banking group. It was formed in 1998. In the next year the banking group merged with another bank Banca Commerciale Italiana to become IntesaBCi. However, the name of the group was reverted to Banca Intesa in 2 ...

since 1998.

Foundation & Banca MPS joint venture

In August 1999 Banca Intesa sold all shares it held to

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 ...

. Banca also acquired shares from the foundation directly. At the year end of 2000, the foundation held 50.47% shares, followed by Banca MPS for 41%, its subsidiary " Monte Paschi Vita" for 7.72% (in 2001 8.26% ) and the rest held by others. In 2007, Banca MPS consolidated its ownership to be held by Banca MPS SpA only, for 49.27%.

Independent again

In 2008, Banca MPS sold all its ownership. The foundation increased its ownership ratio to 68.74%, as well as the introduction of

Fondazione di Piacenza e Vigevano Fondazione Piacenza e Vigevano formerly Fondazione Cassa di Risparmio di Piacenza e Vigevano, is a charity organization based in Piacenza, Emilia–Romagna region. History Bank investments Due to Legge Amato, Cassa di Risparmio di Piacenza e Vigev ...

(who lost the ownership on

Cassa di Risparmio di Piacenza e Vigevano Cassa di Risparmio di Piacenza e Vigevano was an Italian savings bank based in Piacenza, Emilia-Romagna, as well as a second office in Vigevano, Lombardy. Despite the bank ceased to be exist, the former owner of the bank still operated as a charity ...

) and

Banca Sella Holding Banca Sella Holding S.p.A. is an Italian holding company for the Banca Sella Group ( it, Gruppo Banca Sella). The main company of the group was Banca Sella S.p.A., an Italian bank based in Biella, Piedmont. According to research by Mediobanca, B ...

, for 15% and 10% respectively.

CBA Vita Banca Sella Holding S.p.A. is an Italian holding company for the Banca Sella Group ( it, Gruppo Banca Sella). The main company of the group was Banca Sella S.p.A., an Italian bank based in Biella, Piedmont. According to research by Mediobanca, B ...

(a subsidiary of Banca Sella Holding) and

HDI Assicurazioni The Human Development Index (HDI) is a statistic composite index of life expectancy, education (mean years of schooling completed and expected years of schooling upon entering the education system), and per capita income indicators, whi ...

both held 3%. In the next year Fondazione di Piacenza e Vigevano increased to 18% ownership, with Banca Sella reduced to 4.597%, as well as HDI reduced to 2.2% and introduction of new investor Compagnia Generale Immobiliare S.r.l. ("CGI" in short) for 3%. The ratio remain almost constant until the takeover 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 ...

on 26 July 2011.

Intesa Sanpaolo era

On 26 July 2011 Intesa Sanpaolo acquired all shares from Banca Sella Holding, CBA Vita and HDI Assicurazioni, as well as part of the shares from Fondazione Monteparma,

and CGI. The new ownership became Intesa Sanpaolo 60.798%, Fondazione Monte di Parma 20.987%,

15.214%, CGI 2.536%. In 2012 Intesa Sanpaolo further increased to 78.617% from recapitalization, as well as the foundations both reduced to 10% each and CGI 1.254%. The bank was a member of the

Euro Banking Association The Euro Banking Association (EBA) is an industry forum for the European payments industry with close to 200 member banks and organisations from the European Union and around the world aimed at fostering and driving pan-European payment initiativ ...

, however it is no longer a member after it became a subsidiary. On 22 December 2014 Intesa Sanpaolo acquired the 20% from the foundations; At the end of 2014 financial year

was the major shareholder of Banca Monte Parma for 98.62%. In mid-2015 the bank was absorbed into Intesa Sanpaolo.

Sponsorship

The bank was the principal sponsor of

Serie A The Serie A (), also called Serie A TIM for national sponsorship with TIM, is a professional league competition for football clubs located at the top of the Italian football league system and the winner is awarded the Scudetto and the Coppa ...

football Football is a family of team sports that involve, to varying degrees, kicking a ball to score a goal. Unqualified, the word ''football'' normally means the form of football that is the most popular where the word is used. Sports commonly c ...

team

Parma F.C. Parma Calcio 1913 (), commonly known as Parma, is an Italian professional football club based in Parma, Emilia-Romagna, which competes in the Serie B, the second tier of Italian football. ''Parma Football Club'' was originally founded in Decembe ...

The bank also owned 20% shares of "Eventi Sportivi S.p.A.", the parent company of Parma FC SpA in 2008 (increased from 10% after recapitalization from €3m to €6m), but diluted back to 5% in 2009, followed by 4.2% in 2011. As of 2014 financial year, the bank still retained the shares.

References

External links

''Banca Monte Parma'' Official website
(in Italian) {{Authority control Banks established in the 15th century Banks disestablished in 2015 1488 establishments in Europe 15th-century establishments in Italy Italian companies disestablished in 2015 Defunct banks of Italy Companies based in Parma Former Intesa Sanpaolo subsidiaries Intesa Sanpaolo acquisitions Mounts of piety Former Montepaschi subsidiaries