Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona known as Cariverona in short, was an Italian savings bank headquartered in Verona. In 1991, due to , the bank was split into two organizations, Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona S.p.A. (trading as Cariverona Banca) and Fondazione Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona. They joined

Unicredito Unicredito was an Italian holding company, formed by the owner of banks: the banking foundations of Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona (Cariverona Banca) and Cassa di Risparmio della Marca Trivigiana (Cassamarca), in a ratio of ...

banking group as founding subsidiary and shareholder respectively. The banking foundation was a minority shareholder of the successor of the banking group

UniCredit UniCredit S.p.A. is an international banking group headquartered in Milan. It is Italy's only systemically important bank (according to the list provided by the Financial Stability Board in 2022) and the world's 34th largest by assets. It was for ...

Predecessor

Monte di Pietà di Verona

Monte di Pietà di Verona is a

mount of piety A mount of piety is an institutional pawnbroker run as a charitable organization, charity in Europe from Renaissance times until today. Similar institutions were established in the colonies of Catholic countries; the Mexican Nacional Monte de Pie ...

( it, monte di pietà) founded in 1490, by the Franciscan Michele da Acqui in the

Republic of Venice The Republic of Venice ( vec, Repùblega de Venèsia) or Venetian Republic ( vec, Repùblega Vèneta, links=no), traditionally known as La Serenissima ( en, Most Serene Republic of Venice, italics=yes; vec, Serenìsima Repùblega de Venèsia, ...

, 28 years after the first recorded mount of Italy was founded in Perugia, by other

Franciscans , image = FrancescoCoA PioM.svg , image_size = 200px , caption = A cross, Christ's arm and Saint Francis's arm, a universal symbol of the Franciscans , abbreviation = OFM , predecessor = , ...

, Bernardine of Feltre and Michele Carcano, in the Papal States. The mount was later known as Monte di Credito su Pegno di Verona since 1930s. Despite as the founder of the savings bank of Verona, the mount and the bank became separate entities until 1947, which the mount was merged back to the savings bank.http://bd01.leggiditalia.it/rtf01/255040_25.pdf The building of the mount located on 1 Piazzetta Monte was used as the headquarters of the banking foundation of the saving bank in from 1993 to 1999.

History

Civica Cassa di Risparmio di Verona was founded in 1825 in Verona in the

Kingdom of Lombardy–Venetia The Kingdom of Lombardy–Venetia ( la, links=no, Regnum Langobardiae et Venetiae), commonly called the "Lombardo-Venetian Kingdom" ( it, links=no, Regno Lombardo-Veneto, german: links=no, Königreich Lombardo-Venetien), was a constituent land ...

of the

Austrian Empire The Austrian Empire (german: link=no, Kaiserthum Oesterreich, modern spelling , ) was a Central-Eastern European multinational great power from 1804 to 1867, created by proclamation out of the realms of the Habsburgs. During its existence, ...

as a division of the local mount of piety. In 1892, the bank was independent from the mount of piety. The mount was merged with Cariverona in 1947. Cassa di Risparmio di Verona merged with other banks in Veneto region in 1927–28, due to a decree-law to consolidate savings banks that were too small. (law no.2587 of 1927) It was renamed to Cassa di Risparmio di Verona e Vicenza in 1927 and Cassa di Risparmio di Verona, Vicenza e Belluno in 1939. Notable entities that were absorbed in 1927–28, were Cassa di Risparmio di Vicenza (founded in 1822), Cassa di Risparmio di Legnago (founded in 1893; merged in 1927), Cassa di Risparmio di Bassano del Grappa (founded in 1912; merged in 1928), Banca del Monte di Feltre, and Cassa di Risparmio di Cologna Veneta, all from the provinces of Verona, Vicenza and Belluno, as well as either mount of piety and/or savings bank origins; Monte di Credito su Pegno di Belluno was absorbed by Cariverona in 1948, followed by the counterpart in

Bassano del Grappa Bassano del Grappa ( vec, Basan or ''Bassan'', ) is a city and ''comune'', in the Vicenza province, in the region of Veneto, in northern Italy. It bounds the communes of Cassola, Marostica, Solagna, Pove del Grappa, Romano d'Ezzelino, Campolongo ...

in 1955. In 1946, the assets and liabilities of a rural credit union, Cassa Rurale e Artigiana di Isola Rizza, was also acquired by the bank. Verona, Vicenza and Belluno were the three provincial capitals of Veneto region; in the other 4 provincial capitals, they have separate savings banks, which except Treviso (

Cassa di Risparmio della Marca Trivigiana Cassa di Risparmio della Marca Trivigiana also known as Cassamarca in short, was an Italian savings bank headquartered in Treviso, Veneto. Due to , the bank was split into two organizations: Cassamarca S.p.A. and Fondazione Cassamarca – Cassa di ...

, a predecessor of UniCredit along with Cariverona), were the predecessors 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 ...

( Cassa di Risparmio di Padova e Rovigo and

Cassa di Risparmio di Venezia Cassa di Risparmio di Venezia S.p.A. known as Carive or CR Venezia in short, is a former Italian savings bank, based in Venice, Veneto. It was a subsidiary of Intesa Sanpaolo. The former owner of the bank, ''Fondazione di Venezia'', still acts as a ...

) In 1989, the bank merged with Cassa di Risparmio di Ancona of Marche region to become Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona. According to ''La Repubblica'', the bank was the fourth largest savings bank ( it, cassa di risparmio) of Italy at that time. A report by

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) ...

, shown the bank was ranked 20th by total client deposits ( it, raccolta da clientela; total deposits excluding inter-bank deposit) in 1988, among all type of commercial banks; in terms of savings bank, behind

Cassa di Risparmio delle Provincie Lombarde 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 ...

(Cariplo),

Cassa di Risparmio di Torino Banca Cassa di Risparmio di Torino S.p.A. known as Banca CRT, or Caritorino, was an Italian savings bank based in Turin, Piedmont. In 1997, the bank joined Unicredito banking group, as well as in 1998 followed the group to merge with Credito Itali ...

(Banca CRT) and Cassa di Risparmio di Roma. Cariplo was a predecessor of

banking group (known as

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 ...

), while Banca CRT later joined Unicredito, which along with Cariverona, was the founding subsidiaries of UniCredito Italiano (now UniCredit) in 1998; Cassa di Risparmio di Roma was a predecessor of

Capitalia Capitalia was an Italian banking group headquartered in Rome. The bank was a listed company in Borsa Italiana (Milan Stock Exchange). The bank was acquired by UniCredit by issuing new shares of UniCredit for shares of Capitalia. History Capitali ...

, which was acquired by UniCredit in 2007.

Cariverona Banca S.p.A.

In December 1991, due to , the bank was split into two organizations, a

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 ...

and a banking foundation ( it, fondazione). The former continued the banking activities, while the latter inherited the

legal person In law, a legal person is any person or 'thing' (less ambiguously, any legal entity) that can do the things a human person is usually able to do in law – such as enter into contracts, sue and be sued, own property, and so on. The reason for ...

and charity activities. The bank (now the S.p.A.) and the foundation were the founder of

banking group as subsidiary and shareholder respectively in 1994. The other member of the group was

(Cassamarca) and its banking foundation Fondazione Cassamarca. According to the

Bank of Italy The Bank of Italy (Italian: ''Banca d'Italia'', informally referred to as ''Bankitalia''), (), is the central bank of Italy and part of the European System of Central Banks. It is located in Palazzo Koch, via Nazionale, Rome. The bank's curre ...

figures, in term of market share in deposit ( it, quote di mercato dei depositi), before the merger of Cariverona (Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona), and Cassamarca, they also had a significant market share in their home province(s). For Cariverona, it was 38.35% in the Province of Verona, 25.23% in Vicenza and 55.11% in Belluno in 1994; the figure in the Province of Ancona was not stated. In 1996, the business of a minor bank (a former mount of piety), Monte di Credito su Pegno di Vicenza S.p.A. was acquired from its banking foundation Fondazione Monte di Pietà di Vicenza. According to

Italian Competition Authority The Italian Competition Authority ( it, Autorità Garante della Concorrenza e del Mercato, AGCM) is the competition regulator in Italy. It is an Italian Quango, quasi-autonomous non-governmental organization established on the basis of Law №287 o ...

(AGCM), quoting the figures from the Bank of Italy, Unicredito (presented as Cariverona in Marche region) was one of the major banking group of the Province of Ancona in 1996 (the third after

Banca delle Marche Banca Adriatica S.p.A. trading as UBI Banca Adriatica and formerly known as Nuova Banca delle Marche S.p.A. was an Italian bank based in Jesi, Marche region. It has operations in several regions in central Italy, but concentrated in Marche region ...

and

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 * ...

), in term of market share of deposits ( it, depositi) of 11%. In 1997, the bank sold the equity interests (12.6%) in

Banco Ambrosiano Veneto Banco Ambrosiano Veneto, also known as Banco Ambroveneto for short, was an Italian bank formed in 1989 by the merger of Nuovo Banco Ambrosiano (the bank replacing the collapsed Banco Ambrosiano) with Banca Cattolica del Veneto. Since 1989, Crédit ...

Fondazione Cariplo Fondazione Cariplo is a charitable foundation in Milan, Italy. It was created in December 1991 when the Amato law, Law no. 218 of 30 July 1990, came into force. Under this law, saving banks were required to separate into a not-for-profit found ...

, the parent company of Cassa di Risparmio delle Provincie Lombarde (Cariplo); in the next year Cariplo and Banco Ambrosiano Veneto merged to form

, a predecessor and one of the major competitor of UniCredit, Intesa Sanpaolo. In the same year

also joined Unicredito group. After Unicredito group merged with

Credito Italiano Credito Italiano also known as just Credit, was an Italian bank, now part of UniCredit. It was merged with Unicredito in 1998, forming Unicredito Italiano (now UniCredit). Circa 1999 to 2002 UniCredit created a new subsidiary of the same name to ru ...

in 1998, the foundation still owned 16.532% shares of

(known as UniCredito Italiano at that time) at 31 December 2001, as the largest shareholder. On 1 July 2002, Cariverona Banca was merged with other sub-brand and subsidiaries of the banking group to form

UniCredit Banca UniCredit Banca S.p.A. was the retail banking division of UniCredit Group. On 1 July 2002, Rolo Banca, Banca CRT, Cariverona Banca, Cassamarca, Cassa di Risparmio di Trento e Rovereto and Cassa di Risparmio di Trieste were merged into Credito ...

and other divisions of UniCredit.

Subsidiaries

* Cariverona Ireland (75%) * Gestiveneto SGR (100%) * Quercia Software (100%) * Mediovenezie Banca (former)

Equity investments

* Autostrada Brescia Verona Vicenza Padova (20.30%) * Compagnia Investimenti e Sviluppo (4.00%) * (2.54%) * Società per l'Autostrada di Alemagna (8.24%) * Veneto Sviluppo (10.98%) ;former *

Cassa di Risparmio di Udine e Pordenone Cassa di Risparmio del Friuli Venezia Giulia S.p.A. known as CariFVG in short, was an Italian savings bank based in Gorizia, Friuli – Venezia Giulia region. Predecessors Cassa di Risparmio di Gorizia Cassa di Risparmio di Gorizia was found on 1 ...

References

External links

* (currently redirected to UniCredit website)
Official website of Fondazione Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona
{{authority control Defunct banks of Italy Companies based in Verona Former UniCredit subsidiaries Banks established in 1825 Italian companies established in 1825 1825 establishments in the Austrian Empire Banks disestablished in 2002 Italian companies disestablished in 2002 Mounts of piety