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 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 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 ...

, Banca Popolare Commercio e Industria,

Banca Popolare di Crema Banca Popolare di Crema is an Italian banking brand and former subsidiary of Banco Popolare. History Founded as Banca Popolare Agricola di Mutuo Credito in 1870, the Crema-based bank was later known as Banca Popolare di Crema. It became a subsidiar ...

Banca Popolare di Cremona 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 di Lodi and

Banca Popolare Veneta 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 ...

. ARCA joined with "North East Group", which consist of

Banca Agricola Mantovana Banca Agricola Mantovana S.p.A. (BAM) was an Italian bank based in Mantua, Lombardy. The bank was a subsidiary of Banca Monte dei Paschi di Siena. On 31 March 2008 the bank had a total assets of €13,502,864,975. History Found 1871 as Banca Agri ...

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 BPER Banca S.p.A., formerly known as Banca Popolare dell'Emilia Romagna S.C., is an Italian banking group offering traditional banking services to individuals, corporate and public entities. The company is based in Modena and is a constituent of ...

Banca Popolare di Sondrio Banca Popolare di Sondrio S.C.p.A. (BPSO) is an Italian bank based in Sondrio, Lombardy. The company was included in FTSE Italia Mid Cap Index. History Banca Popolare di Sondrio was an urban cooperative bank found in 1871. Along with Credito Valte ...

, Banca Popolare di Verona 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,

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 in 2000, Banco di Chiavari e della Riviera Ligure in 2003 and Istituto di Credito delle Casse di Risparmio Italiane. BPL owned 19.99% of Südtiroler Sparkasse – Cassa di Risparmio di Bolzano until 2006–07. BPL was the major shareholders of Banca Caripe from 2003 to 2011. From 2003 to 2006 the sub-holding Reti Bancarie was a list company, which also held the shares of

(95.01%),

(94.81%), Banca Popolare di Mantova (56.35%), Banca Valori (77.70%), Bipielle Società di Gestione del Credito (70% directly; 30% held by CR Lucca), Bipielle International Holding (90%; including Bipielle Bank (Suisse), Bipielle International UK and Bipielle Servizi) in 2003. In 2005 the company was named as Banca Popolare Italiana. Reti Bancarie formed a 5-year partnership with Aurora Assicurazioni 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 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 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.

As a subsidiary of Banco Popolare

In 2007 Banca Popolare Italiana merged with

Banco Popolare di Verona e Novara 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 ...

to form Banco Popolare 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, 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