Banca Popolare di Lodi was an Italian

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

Lodi, Lombardy Lodi ( , ; Ludesan: ) is a city and ''comune'' in Lombardy, northern Italy, primarily on the western bank of the River Adda. It is the capital of the province of Lodi. History Lodi was a Celtic village; in Roman times it was called, in Latin ...

. The bank was absorbed into parent company

Banco Popolare Banco Popolare Società Cooperativa was an Italian bank, formed in 2007 from the merger of Banco Popolare di Verona e Novara (BPVN) and Banca Popolare Italiana (BPI). The bank merged with Banca Popolare di Milano on 1 January 2017. The bank was ...

in 2011. However, the bank still operates as a division and a brand of the group.

History

Banca Popolare di Lodi was found in 1864. In the 1990s it became Banca Popolare di Lodi S.c.r.l., also known as Bipielle Group (sound likes BPL).

Alliances

The bank was a member of an alliance ARCA, which consist of Banca Antoniana,

Banca Popolare Commercio e Industria Banca Popolare Commercio e Industria S.p.A. (BPCI) was an Italian bank based in Milan, Lombardy. Found in 1888, the bank absorbed other banks in the 20th century, as well as forming bank group with other banks in the first decade of the 21st centu ...

, Banca Popolare di Crema, Banca Popolare di Cremona, Banca Popolare di Lodi and Banca Popolare Veneta. ARCA joined with "North East Group", which consist of Banca Agricola Mantovana,

Banca Popolare di Bergamo Banca may refer to: Places * Bangka Island, an island lying east of Sumatra, part of Indonesia * Banca, Pyrénées-Atlantiques, a commune of the Pyrénées-Atlantiques ''département'', France * Banca, Tasmania, a locality in Tasmania, Australia * ...

, Banca Popolare dell'Emilia, Banca Popolare di Sondrio,

Banca Popolare di Verona The Banca Popolare di Verona was an Italian bank which became part of the Banco Popolare Group, based in Verona, North Italy. Currently it is a brand of Banco Popolare. History The original name of "Banca Popolare di Verona" was Banca Mutua Popol ...

and Banca Popolare Vicentina in 1989. BPL eventually acquired two of the banks of ARCA: BP Crema and Cremona; while Banca Popolare Veneta and Banca Antoniana merged to form

Banca Antonveneta Banca Antonveneta S.p.A. was an Italian bank based in Padua, Italy. The bank was absorbed into Banca Monte dei Paschi di Siena in 2013. In 2008, it was the 9th largest banking group in Italy in terms of customer loans and the 8th largest in terms ...

Acquisitions

The bank acquired bank as its subsidiaries, such as Credito Molisano in 1998,

Cassa di Risparmio di Lucca Cassa di Risparmio di Lucca Pisa e Livorno S.p.A. was an Italian saving bank based in Lucca. It was a subsidiary of Banco Popolare and currently a sub-division (under BPL) and brand of the group Banco BPM. History Cassa di Risparmio di Lucca Ca ...

Pisa Pisa ( , or ) is a city and ''comune'' in Tuscany, central Italy, straddling the Arno just before it empties into the Ligurian Sea. It is the capital city of the Province of Pisa. Although Pisa is known worldwide for its leaning tower, the cit ...

and

Livorno Livorno () is a port city on the Ligurian Sea on the western coast of Tuscany, Italy. It is the capital of the Province of Livorno, having a population of 158,493 residents in December 2017. It is traditionally known in English as Leghorn (pronou ...

in 1999,

Imola Imola (; rgn, Jômla or ) is a city and ''comune'' in the Metropolitan City of Bologna, located on the river Santerno, in the Emilia-Romagna region of northern Italy. The city is traditionally considered the western entrance to the historical re ...

in 2000,

Banco di Chiavari e della Riviera Ligure Banco di Chiavari e della Riviera Ligure (BCRL) was an Italian regional bank based in Chiavari, Liguria. it was acquired and absorbed into Banca Popolare di Lodi in 2003. Currently it is a division and a brand of Banco Popolare. History The bank ...

in 2003 and Istituto di Credito delle Casse di Risparmio Italiane. BPL owned 19.99% of

Südtiroler Sparkasse – Cassa di Risparmio di Bolzano The Savings Bank of the Province of Bolzano / South Tyrol (german: Südtiroler Sparkasse A.G., it, Cassa di Risparmio di Bolzano S.p.A.) is an Italian savings bank based in Bolzano, the capital of South Tyrol autonomous region. Due to Italian ba ...

until 2006–07. BPL was the major shareholders of

Banca Caripe Banca Caripe S.p.A. was an Italian saving bank based in Pescara, Abruzzo Region. There were 13 branches of the bank outside the Province of Pescara in Abruzzo and Marche regions, out of 48 total. In 2016 the bank was absorbed by the parent company ...

from 2003 to 2011. From 2003 to 2006 the sub-holding

Reti Bancarie Reti Bancarie S.p.A. was an intermediate holding company of Banca Popolare di Lodi Group (aka Bipielle; BPL). BPL's subsidiary reverse takeover listed company Banco di Chiavari e della Riviera Ligure in 2003. in 2006 it was absorbed into BPL. Hi ...

was a list company, which also held the shares of Banca Popolare di Crema (95.01%), Banca Popolare di Cremona (94.81%),

Banca Popolare di Mantova Banca Popolare di Mantova S.p.A. was an Italian cooperative bank based in Mantua, Lombardy. Including the headquarters, the bank operated at 17 locations. History The company was relocated from Pescopagano, Basilicata (as Banca Operaia di Pesco ...

(56.35%),

Banca Valori Banca may refer to: Places * Bangka Island, an island lying east of Sumatra, part of Indonesia * Banca, Pyrénées-Atlantiques, a commune of the Pyrénées-Atlantiques ''département'', France * Banca, Tasmania, a locality in Tasmania, Australia * ...

(77.70%),

Bipielle Società di Gestione del Credito Banca Popolare di Lodi was an Italian cooperative bank based in Lodi, Lombardy. The bank was absorbed into parent company Banco Popolare in 2011. However, the bank still operates as a division and a brand of the group. History Banca Popolare di ...

(70% directly; 30% held by CR Lucca),

Bipielle International Holding Banca Popolare di Lodi was an Italian cooperative bank based in Lodi, Lombardy. The bank was absorbed into parent company Banco Popolare in 2011. However, the bank still operates as a division and a brand of the group. History Banca Popolare di ...

(90%; including

Bipielle Bank (Suisse) Banca Popolare di Lodi was an Italian cooperative bank based in Lodi, Lombardy. The bank was absorbed into parent company Banco Popolare in 2011. However, the bank still operates as a division and a brand of the group. History Banca Popolare di ...

, Bipielle International UK and

Bipielle Servizi Banca Popolare di Lodi was an Italian cooperative bank based in Lodi, Lombardy. The bank was absorbed into parent company Banco Popolare in 2011. However, the bank still operates as a division and a brand of the group. History Banca Popolare di ...

) in 2003. In 2005 the company was named as Banca Popolare Italiana. Reti Bancarie formed a 5-year partnership with

Aurora Assicurazioni An aurora (plural: auroras or aurorae), also commonly known as the polar lights, is a natural light display in Earth's sky, predominantly seen in high-latitude regions (around the Arctic and Antarctic). Auroras display dynamic patterns of bri ...

of Unipol Group in May 2004, as well as the insurance company bought minority ownership in Reti Bancarie. The bank also involved in the

Bancopoli "Bancopoli" was the name coined by the Italian press for the finance and banking scandals between July 2005 and January 2006. The Italian Banca Popolare Italiana (BPI), in competition with Holland's ABN AMRO for control of Banca Antonveneta, was ...

scandal, which the bank sold all the shares of

in 2006. On 31 December 2006 the bank had a shareholders equity of €3.956 billion (in consolidated balance sheets, increased from €2.786 billion), issued 682,360,539 number of shares, as well as Tier 1 capitals ratio of 22.32% (increased from 5.55%;

Basel II Basel II is the second of the Basel Accords, which are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision. It is now extended and partially superseded by Basel III. The Basel II Accord was publis ...

required 4%). In September 2006 BPL also absorbed sub-holding companies Reti Bancarie and

Bipielle Investimenti Banca Popolare di Lodi was an Italian cooperative bank based in Lodi, Lombardy. The bank was absorbed into parent company Banco Popolare in 2011. However, the bank still operates as a division and a brand of the group. History Banca Popolare di Lo ...

, by issuing new shares of BPL and delisting them. Aurora Assicurazioni received 14,080,000 shares (about 2% of BPL); Unipol formed an agreement to sell the shares to

Mediobanca Mediobanca is an Italian investment bank founded in 1946 at the initiative of Raffaele Mattioli (at that time CEO of Banca Commerciale Italiana, the largest commercial bank in Italy which promoted its incorporation together with Credito Italiano) ...

As a subsidiary of Banco Popolare

In 2007 Banca Popolare Italiana merged with Banco Popolare di Verona e Novara to form

S.C. The bank was retained as a sub-holding company as Banca Popolare di Lodi S.p.A.. The bank also swapped branches with sister companies

Banca Popolare di Novara Banca Popolare di Novara was an Italian cooperative bank based in Novara, Piedmont. The bank was absorbed into parent company Banco Popolare in 2011 (Banco Popolare itself was merged in 2017 to form Banco BPM). However, the former company still op ...

and Banca Popolare di Verona – S.Geminiano e S.Prospero, in order to specialize in Lombardy (part), Romagna and Sicily. CR Lucca also sold to the parent company, with BP Crema, BP Cremona and Liberty S.r.l. retained as BPL subsidiaries only. While BP Mantova was sold in 2008 and Banca Caripe on 1 January 2011. In 2008, the BPL relaunched CR Imola and Banco di Chiavari e della Riviera Ligure as their brands. On 31 December 2010 BPL had a shareholders equity (in separate balance sheets?) of €1.439 billion (increased from €1.432 billion).

As a brand of Banco Popolare

In 2011 the company was absorbed into Banco Popolare. However it retained as a division of the bank, which included the CR Lucca sub-division, covers Lodi and former area belongs to Banco di Chiavari e della Riviera Ligure, Banca Popolare di Cremona and Banca Popolare di Crema. However, former branches in Sicily was managed by

Banco Popolare Siciliano Banco Popolare Siciliano is a brand used by Banco Popolare in Sicily. History Predecessors Banco Popolare Group had presented in Sicily since 1990s due to merger and acquisitions. According to Banca d'Italia data on 30 September 1999, Banca Pop ...

, a department of bank division BPN instead.

References

{{Authority control Defunct cooperative banks of Italy Banks established in 1864 Italian companies established in 1864 Banks disestablished in 2011 Italian companies disestablished in 2011 Companies based in Lodi, Lombardy Banco Popolare Companies formerly listed on the Borsa Italiana Italian brands