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.
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
Romagnol ( or ; it, romagnolo) is a Romance languages, Romance language spoken in the historical region of Romagna, consisting mainly of the southeastern part of Emilia-Romagna, Italy. The name is derived from the Lombard language, Lombard name ...
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
Popular, Inc., doing business as Banco Popular in Puerto Rico and the Virgin Islands and as Popular Bank in the mainland United States, is a financial services conglomerate that has operated in Puerto Rico for over 125 years and in the mainland ...
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
Gruppo Bancario Casse Emiliano Romagnole (CAER) was an Italian holding company and banking group, based in Bologna, Emilia-Romagna. The main company of the group was Cassa di Risparmio in Bologna (Carisbo).
History
Due to Legge Amato, all saving b ...
Group (CAER). CAER also hold 5% shares directly.
[ In 1997 the bank also transformed from a cooperative society to ]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
Cardine Banca S.p.A. was an Italian banking group found in 2000 by the merger of Casse Emiliano Romagnole and Casse Venete Banca. On 1 June 2002 the group was acquired by Sanpaolo IMI in an all shares deal.
In 2000 Banca Agricola di Gorizia was ...
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 Intesa Sanpaolo 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 (Carisap).
In 2016 the bank was absorbed into the parent company.
Sponsorship
The bank sponsored San Benedetto Tennis Cup which previously sponsored by Carisap.
See also
* Banca Popolare FriulAdria
Crédit Agricole FriulAdria S.p.A. formerly known as Banca Popolare FriulAdria S.p.A., or known as FriulAdria in short (abb. of Friuli and Adriatic Sea), is an Italian bank, which is part of Crédit Agricole Italia, the Italian arm of French bank ...
, a Friuli-based subsidiary of Crédit Agricole
* Banca Popolare di Ancona
Banca Popolare di Ancona S.p.A. is an Italian bank based in Jesi, in the Province of Ancona, Marche. it is a subsidiary of UBI Banca.
History
The former cooperative bank was found in 1891 in Jesi as Banca Popolare Cooperativa di Jesi. In 1956 the ...
, a Marche-based subsidiary of UBI Banca
* Nuova Banca delle Marche
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